Dallas, Computers for Construction Conference, Tuesday, October 22, 2002 – BuildPoint Corporation, the construction industry’s leader in provider relationship management (PRM), today announced the launch of SubHistory, its new module for tracking subcontractor activity in the pre-construction phase. SubHistory is available as a component of BuildPoint’s PRM 2 solution, used by general contractors to both manage complex subcontractor information and streamline pre-construction processes.
BuildPoint’s pioneering SubHistory module enables general contractors to easily monitor the pre-construction activity of the various subcontractors to whom they extend invitations to bid. General contractors rely heavily on their base of subcontractors to deliver profitable and quality projects for their clients. SubHistory helps ensure that general contractors identify subcontractors who have bid competitively for previous projects.
“BuildPoint’s SubHistory module will make subcontractors’ pre-construction records readily available to our estimating staff as they prepare bidders lists,” said Paul B. King, director of Procurement Services for Sordoni Skanksa. “It makes good business sense to identify and focus our efforts on our most responsive subcontractor bidders. The SubHistory module is yet another way BuildPoint helps us consistently select top performing subcontractors and deliver quality projects to our clients.”
SubHistory, requested by numerous customers of BuildPoint’s PRM 2 solution including Etkin Skanska, The Pankow Companies, RD Olson Construction, Sordoni Skanska, and Swinerton Builders, enables general contractors to view a complete history of subcontractor pre-construction activity. The module provides general contractors with the ability to view, at a glance, which subcontractors bid or did not bid on past projects. If a subcontractor submitted a bid, the general contractor can easily view what amount was bid, whether or not a subcontract was awarded, and why. Additionally, all subcontractor and staff correspondence and documents associated with a particular project or subcontractor are tracked and readily available for future use. SubHistory provides general contractors with the ability to easily search for and create reports of subcontractors that meet various criteria, e.g., a bid response rate of greater than fifty recent. General contractors can also use SubHistory to monitor exposure by evaluating how much work has been subcontracted with any given subcontractor. Information and files are stored electronically in a central repository, where they are accessible to all PRM 2 users within a general contractor’s firm.
“Our customers understand the importance of forming strong relationships with their best subcontractors. They recognize that their success in securing profitable contracts is dependent upon receiving the best combination of price and performance from subcontractors,” said Mike Krueger, president and COO of BuildPoint. “PRM 2 supports that objective by providing general contractors with the ability to make more informed subcontractor selection and management decisions based on comprehensive pre-qualification, performance, and pricing information.”
BuildPoint will exhibit at booth #723 during the Computers for Construction conference to be held Oct. 22-24. Key BuildPoint executives will be available to provide information on the company, the PRM 2 solution, and the new SubHistory module.
About BuildPoint Corporation
BuildPoint is the leader in provider relationship management (PRM) for the construction industry. The company’s PRM 2 solution enables general contractors to cut cost, reduce risk, and win more profitable contracts through the creation of a centralized source of subcontractor data and the standardization of the pre-qualification, performance assessment, and bidding processes. BuildPoint is a private company whose investors include J.P. Morgan Chase Partners, RMC Group, SAP Ventures, NorthStar, Techfund Capital, Thomas Weisel Partners, Vortex Partners, and construction.com, part of McGraw-Hill Construction. The company is headquartered in Redwood Shores, Calif. For more information, visit
BuildPoint is a registered mark of BuildPoint Corporation. All other product and company names mentioned are the property of their respective owners and are mentioned for identification purposes only.