STACK Construction Technologies announced its acquisition of two innovative preconstruction and construction solutions \u2013 Bid Retriever and K-Ops. By aligning four powerful construction technology solutions (STACK acquired SmartUse in 2021), the company continues to deliver on its vision to become the industry\u2019s go-to platform specifically for subcontractors.<\/p>\n
\u201cOur vision at STACK has always been to provide the unique set of capabilities subcontractors need, and the acquisition of Bid Retriever and K-Ops allows us to continue to build on that objective,\u201d said Phil Ogilby, CEO and co-founder of STACK. \u201cCombining these exceptional tools provides high-value, mission-critical functionality to trade contractors from preconstruction through construction.\u201d<\/p>\n
Bid Retriever is a bid management system that streamlines the often-complicated bid invitation process.<\/p>\n
\u201cFrom receipt of the initial invite to submitting a bid to one or more GCs, Bid Retriever enables subcontractors to make sense of their inbox and keep track of prime opportunities,\u201d said Doug Bower, CEO at Bid Retriever. \u201cThe acquisition not only supports Bid Retriever with a high-growth formula but also streamlines the preconstruction process for subcontractors. We could not be more excited about the combination of our bid management tools with STACK\u2019s leading takeoff and estimating solutions and can\u2019t wait for customers to experience the power of this dynamic duo.\u201d<\/p>\n
On the construction side, K-Ops bridges the gap between the office and the field with top-of-the-line construction management and collaboration software. With its field collaboration and process standardization, K-Ops allows subcontractors to create custom workflows and reports.<\/p>\n
\u201cWe built K-Ops to be an agent for change in the construction industry, and we\u2019re thrilled at the idea of combining its power with STACK\u2019s SmartUse mobile app in the field,\u201d said Hugo Brizard, president of K-Ops.<\/p>\n
Ray DeZenzo, chief operating officer at STACK, said there have been multiple major acquisitions in the industry over the past 12 to 14 months, but the majority of these tend to focus on general contractors.<\/p>\n
\u201cWhat really differentiates STACK is that the platform speaks specifically to subcontractors. It was founded and built by a sub, and it has the right capabilities for subs,\u201d said DeZenzo. \u201cThey will no longer have to compromise their internal processes for something that wasn\u2019t built specifically for them.\u201d<\/p>\n
Engineered from the ground up, STACK is in a unique position, poised as the ultimate platform for subcontractors with these acquisitions from funding through Level Equity. STACK now provides end-to-end support for subcontractors, from the time they start relationships with clients to submitting and winning the bid to operating with efficiency and safety on the jobsite to closing out projects on time and within budget.<\/p>\n
\u201cSubcontractors face pressure to be extremely accurate and flexible. They need tools specific to their business, and STACK is nimble, helps mitigate risk, and ensures success for customers,\u201d said Justin Ogilby, chief product officer at STACK. \u201cOur product teams are working hard to fully integrate these systems for a seamless experience for users. Just as SmartUse is now integrated with STACK, Bid Retriever and K-Ops will soon be as well.\u201d<\/p>\n
In an industry traditionally resistant to technology, contractors are seeing the importance of digitization and adopting technology to add systems of process, making their businesses more efficient and ultimately more successful. Subcontractors in particular benefit from adopting a more robust and comprehensive offering like STACK. The platform works hand in hand with leading players in the market, leveraging its powerful, open API and allowing customers to easily move data across platforms, automate important workflows and gain strategic business insights.<\/p>\n
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