Company: Honest Buildings
Source: Commercial Observer
Real estate software producer Honest Buildings has a new platform to make managing construction costs and data on a particular project a whole lot easier for owners and project managers, the company announced today.
Honest Buildings for Owners, a subscription-based service that costs $200 to $600 per building per month depending on a building’s size, helps owners track the progress of a project including important dates, vendor information, received bids, costs and construction data, according to the real estate tech company. By doing all this, it said in a news release, it would help identify problems not just on a project but an entire portfolio.
The tools, based on Honest Building’s earlier portfolio software, also create a hub in which the user can communicate with existing vendors and related stakeholders on a project, according to Honest Buildings, in order to avoid a barrage of emails and calls throughout a project.
“Honest Buildings for Owners is the result of years of hands-on collaboration with the commercial real estate industry’s most progressive owners seeking to save time and money on building projects through new technological efficiencies,” said Co-Founder and Chief Executive Officer Riggs Kubiak in prepared remarks. “By aggregating entire portfolios of buildings and projects in one vendor management system, this platform empowers owners and project managers to make informed, contextualized decisions when bidding a project of any size.”