Rhumbix has announced their integration in to the Cost Management Module as part of the Autodesk BIM 360 platform. Via this cloud-based, paperless solution, general contractors and subcontractors will be able to better manage their field change orders through digital reporting, tracking and approval of time and material tags.
Autodesk users will be able to see details such as hours, times, equipment costs and expenditures for T&M tags in the Potential Change Order (PCO) module of the BIM 360 Cost Management tool. This allows for an understanding of what the true costs of a PCO are. Only approved cost item numbers will be passed to Rhumbix, ensuring that all tags are categorized correctly with the proper supporting documentation.
“Our technology is proven and we continue to work with those in the field to fine tune our digital tools to address and eliminate the problems associated with paper tags,” says Rhumbix CEO and co-founder Zach Scheel. “By fully integrating this digital solution on the Autodesk BIM 360 platform, general contractors and subcontractors will have the opportunity to seamlessly drive efficiency through data. Moreover, it will allow them to be competitive as BIM continues to grow in the U.S. as it is throughout the world.”
According to Transparency Market Research, the global building modeling market was $2.7 billion in 2014, and is expected to reach a valuation of $11.5 billion by 2022. While many countries are moving to mandate BIM, the U.S. has been slower to adapt. However, as more come in to the fold the trend is expected to soon become the norm given the benefits it provides.
“The days of analog time clocks and paper-based daily logs for managing time and materials are nearing an end in the rapidly digitizing construction industry,” says Allison Scott, head of integrated marketing for Autodesk Construction Solutions. “Automating the error-prone T&M process using the new Rhumbix integration with the Autodesk BIM 360 construction management platform is expected to reduce the risk of mistakes, save time, and allow our shared customers to be more competitive. Our hope is this will ease the burden of disconnected T&M methods and help general contractors and subcontractors take advantage of real-time data to drive efficiency and productivity.”
Moving to digital tools and single database platforms can be daunting for those who have only known paper but the benefits are clear. “We come from the field and developed our tools to speak directly to the needs of those on the jobsite to make the transition as easy as possible,” says Rhumbix COO and co-founder Drew DeWalt. “And when the result is typically a five to 10 percent improvement in labor productivity, which results in a 200 to 300 percent increase in profitability, coupled with the ability to be more competitive in the bidding process, it’s clear that Autodesk BIM 360 is the solution for those seeking an advantage.”
In 2018, Rhumbix was the recipient of an $8 million round of funding by the Autodesk Forge Fund. This effort is investing up to $100 million for innovators, at any investment stage, who are addressing complex problems facing the future of design and creation while fundamentally changing how things are designed, made or used.