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Graphisoft and Oracle form global alliance

A global alliance to change the Construction Industry's attitude to technology

Graphisoft, a leader in Virtual Building solutions, has announced a global alliance with Oracle that will focus on both companies expertise in the construction industry. The alliance will deliver solutions to the construction sector with the aim of addressing key industry issues around inefficiency, waste and the mismanagement of projects.

The timing of this alliance comes at a critical time for the construction industry in the
UK. The sector is in the midst of criticism of the healthcare PFI procurement process
and the management of large-scale projects is under scrutiny. It is widely viewed that
the real test for the industry will be the management of the construction of the 2012
Olympic venues, where improving the industry's poor record to date will be vital.

Spearheading the thrust into the industry is Graphisoft's Virtual Construction solution -
a "5-dimensional" management system dedicated to the construction industry. Interlinking time and cost parameters with a fully interactive 3D model, Virtual
Construction can take upwards of 3 percent out of project costs.

Adopted as the standard technology for a project with the magnitude of the Olympic
building programme, Virtual Construction has the capability to provide much faster
(X10) and more accurate (99 percent) estimating, a reduction in sub-contractor costs,
more accurate build forecasts, a faster reaction to build problems and a reduction in
build defects, which offer better quality buildings delivered on time and at a lower cost.

"In terms of supply chain integration, planning and collaboration, Virtual Construction is
a classic example of how a sector specific IT solution can lead to huge reductions in the
inefficiencies, waste and rework that characterise the construction industry," comments
Garreth Evans, Graphisoft UK Managing Director. "Together with Oracle, we aim to
convince contractors and construction companies that the benefits from our software
and service solutions offer them an absolutely compelling return on investment."
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