Project management software developer Procore has teamed up with AXA XL’s North America Construction insurance business to help contractors increase productivity and project risk management.
The Procore solution connects project teams, both in the office and on worksites, to ensure better collaboration. Key stakeholders, such as owners, general contractors, speciality contractors, architects and engineers, to communicate to improve efficiency and reduce costs.
Its solution ensures teams are remaining compliance and there is strong financial transparency and accountability within projects.
As part of the deal, Procore has joined AXA XL’s Construction Ecosystem, which is an integrated digital platform helping clients manage risks on jobsites and within organisations.
AXA XL head of strategic operations Justin Gress said, “In today’s construction market, contractors continue to face tighter profit margins, deadlines and labour markets that can make project management more challenging than ever before.
“Proven technologies like Procore’s can help our clients keep tighter control on their project management to help keep projects on schedule, avoid costly delays and subsequent losses.”
Copyright © 2020 FinTech Global
