TORONTO – (COMMERCIAL THREAD) – Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that Adera Development Corporation, a pioneer in sustainable solid wood construction, has chose Procore as the construction management platform.
Founded in 1969, Vancouver-based Adera has built a reputation in wood-frame residential construction. SmartWood ™, its exclusive Cross-Laminated Timber (CLT) material, is based on innovations in energy, safety and sound efficiency. Adera has used SmartWood ™ on recent projects including Crest, a 179 unit residential project in North Vancouver.
Adera needed a project management solution capable of tracking Crest’s complex project and sharing timely information with internal and external stakeholders, especially its subcontracting partners. After the completion of the Crest project, Adera estimated that by using Procore, its efficiency during the scoping process improved by 30%. Additionally, Adera estimates the savings of approximately $ 1,500 per unit using Procore when Crest was compared to other past projects. The savings resulted from the empowerment of the trades regarding shortage work.
The company successfully managed project construction with Procore, including tradesperson planning, security oversight, and RFI management. He was also able to leverage the platform to show government partners the high professional level of his project management. With Procore, the Adera team supports its development side with greater transparency and more data than would otherwise be available.
“Agility is one of our core values. It defines Adera’s work for the past 50 years, and it will be part of our legacy for the next 50 years, ”said Rocky Sethi, COO, Adera. “As a company, we pride ourselves on thinking very far in every project we undertake. Our partnership with Procore was therefore a natural step that made sense and helps us to work more efficiently. We’re both at the forefront of what we do, and that’s why we work together.
“Adera is a forward thinking company whose projects have provided beautiful housing in British Columbia for decades,” said Jas Saraw, Vice President, Canada, Procore. “They set an example to build the future and make construction more efficient and sustainable. We are honored to help Adera achieve her goals.
Adera plans to deploy Procore’s financial tools in the future and to further integrate the platform into the way it manages projects. Learn more about how Adera uses Procore to manage the complex version of Crest: https://www.procore.org/en-ca/casestudies/adera.
About Adera Development Company
As one of British Columbia’s leading multidisciplinary real estate organizations with over 50 years of experience, Adera Development has built a world-class portfolio that includes over 10,000 homes, townhouses, condos and over 4 million square feet of commercial space. Adera’s desire to offer ultimate value through its commitment to the communities it builds, its customers, the environment, its standards of well-being and its pursuit of agile innovation in its developments, positions it strongly as a world leader in solid timber construction.
Procore is a leading provider of construction management software. Over one million projects and over $ 1,000 billion in construction volume have been completed on the Procore platform. Procore’s platform connects the main players in the project with solutions that Procore has designed specifically for the construction industry, for the owner, general contractor and specialist contractor. The Procore Marketplace offers a host of partner solutions that integrate seamlessly with the Procore platform, giving construction professionals the freedom to connect with what works best for them. Based in Carpinteria, California, Procore has offices in Canada around the world. Learn more at Procore.com.