RIB Group: A Global Provider of Construction Solutions
RIB Software is a pioneering enterprise, committed to driving innovation in the construction and real estate industries. The company designs, develops, and offers integrated collaboration solutions and iTWO technology, which is the world’s first Big Data BIM 5D enterprise solution for the construction industry.
Since inception in 1961, RIB Software has explored and introduced new working methods and technologies to enhance construction productivity. Such approaches include cloud technologies, supply chain management and AI, all of which can play a significant role in digitising our industry as we move forward. RIB Software is headquartered in Stuttgart and Hong Kong, with over 2700 talents at work in more than 25 countries worldwide.
Our mission is to create end-to-end value for the entire chain of a building project – from design and execution through to operation. RIB Software has availed itself of the world’s most modern technologies and created a revolutionary working method, which integrates 5D virtualised processes into physical construction.
The History of iTWO costX®
iTWO costX®, our flagship estimating software, first hit the market in July 2004. The platform allowed users to integrate CAD drawings into the estimating process, and stood above other options in the field due to support for bi-directional links between the estimate and the sections of the drawing represented. By tying measurements to the elements available in CAD drawings, we could provide users with efficiency advantages that they could not find elsewhere. iTWO costX® is now widely used to improve accuracy and efficiency in quantity surveying, construction, subcontracting and estimating, with businesses large and small making use of the software across a variety of applications. More than 16,000 software licences have been sold since the product’s initial launch, with sales made in over 90 countries worldwide.
iTWO costX® is available in a variety of configurations and feature levels, to suit all job requirements and budgets. Excel® integration is also available with our iTWO costXL platform, an additional product that allows users to live-link their iTWO costX® data directly into their Excel® workbooks.
Other practical solutions available include iTWO benchmark, our fully web-based solution for benchmarking and conceptual estimating that was released in April 2019. The platform allows users to analyse their previous project data to create accurate conceptual estimates and project benchmarks.
We believe in educating the future generations of construction at RIB, as supported by our Educational Program. Complementary iTWO costX® licences are available to eligible full-time tertiary students in estimating fields, with more than 80 institutions worldwide using our technology as part of their curriculum. RIB also produce dxAPI, a software option which supports seamless integration of our flagship takeoff technology into external products, while our eMeasure platform offers an affordable and streamlined estimating solution that combines 2D takeoff technology with a Microsoft Excel® add-in.
RIB Software currently offer a range of innovative and web-based construction solutions for the global market. iTWO cx, which can connect to our flagship software, supports innovative project collaboration and control, while the iTWO and MTWO enterprise platforms help construction managers to take the next step through 5D BIM, big data and other next-generation technologies. Our iTWO costX® and iTWO benchmark solutions can be integrated as part of a bespoke MTWO Complete Construction Cloud.
From Exactal to RIB
Prior to June 2020, our brand was identified worldwide as Exactal, and our flagship product was known simply as CostX®. Our transition to RIB was precipitated in 2018, when Exactal became a 100% subsidiary of RIB Software SE. What followed was an exciting period for both organisations, with the move allowing Exactal to build global brand awareness and share insights with other innovative RIB Group companies. In mid-2020 we sought to officially align our branding with RIB, and changed the name of our flagship offering to iTWO costX®. The move allowed the company to better integrate business operations, clarify our product range for clients worldwide and unify branding as an important RIB Group partner.
Our growing enterprise operates from nine worldwide offices, as part of an ongoing commitment to providing reliable in-country support to customers. Our offices are located in Brisbane, Sydney, Auckland, Hong Kong, Singapore, Malaysia, Austin (USA), London and the United Arab Emirates. We operate with a clear mission in mind – to support all worldwide clients by providing the best estimating software on the market. This can only be achieved through a commitment to ongoing product innovation and strong market awareness. Our product range is regularly updated to provide new functionalities in response to client feedback and industry evolution.
Clear and reliable communication is key to our success, and we offer dedicated in-house support to all licence holders under maintenance. Our worldwide staff includes IT and quantity surveying/estimating specialists who possess a comprehensive knowledge of how users engage with our products.
We’re passionate about what we do here at RIB, and our team are excited to help mould the next generation of estimating software. With 5D BIM growing in popularity and new digital technologies taking centre stage, we can’t wait to see where the future takes us.
|2003||Creation of Exactal
|2008||New Zealand Office
|2010||Hong Kong Office
CostX® takeoff 2D
|2018||Acquired by RIB
|2020||Exactal Rebrands as RIB
CostX® Rebrands as iTWO costX®
CostX® Benchmark Rebrands as iTWO benchmark