Autodesk Expands into Preconstruction with BuildingConnected Buy > ENGINEERING.com

BuildingConnected is a platform developed to unite the preconstruction world. It includes capabilities for subcontractors to organize the projects they are bidding on. (Image courtesy of BuildingConnected.)

Autodesk announced that it will acquire preconstruction planning company BuildingConnected for $275 million, net of cash acquired. The acquisition adds preconstruction tools to Autodesk’s portfolio and will bring it closer to being a true end-to-end construction solution.

BuildingConnected was founded specifically to streamline the preconstruction process and connect general contractors and real estate stakeholders with subcontractors and vendors. The company is perhaps best known for its online bid management platform, which allows contractors to store and compare their bids from rival subcontractors/vendors in the same place. They also provide TradeTapp, a platform that uses market data to perform risk analysis for contractors choosing subcontractors. This October, the company announced the release of Bid Board Pro, a platform where subcontractors can find and track projects to bid on. CEO Dustin DeVan announced it as “the industry’s first all-in-one solution to streamline and automate the bidding process.”