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News

iTWO costX® Once Again Named ‘Estimation and Valuation Product of the Year’

RIB is thrilled to announce that our iTWO costX® platform was named ‘Estimation and Valuation Product of the Year’ at the Construction Computing Awards on November 12, defending our 2019 win in the same category.

The UK-based Construction Computing Awards are a leading event for recognising the best technologies, tools and innovations on offer across the industry. No in-person ceremony was held this year due to the UK’s current lockdown, but awards were still handed out to deserving recipients in 26 categories.

‘Estimation and Valuation Product of the Year’ is awarded to the software best able to ‘manage cost and reduce risk, whether working on target cost, maintenance contracts or lump sum projects’. The award is decided by online vote, which is testament to the high regard that iTWO costX® users have for RIB’s all-in-one estimating solution.

CEO RIB International Murray Freeman was pleased with the announcement: “This is a welcome achievement for RIB and iTWO costX®, which continues to evolve in response to changing QS and estimating roles worldwide.”

“Recognition such as this is not possible without the continued hard work of our global teams, as well as long-term support from advocates who trust iTWO costX® in their professional endeavours. We are committed to further building our product range and have many exciting developments to announce in the near future.”

iTWO costX® is currently used in over 90 countries, with more than 16,000 licences sold since the product’s initial launch in 2004. As an RIB Partner solution, iTWO costX® can also be deployed within the MTWO and iTWO 4.0 enterprise cloud platforms to assist with project lifecycle management.

For further enquiries, please contact RIB Sales via email at sales.int@rib-software.com.

About RIB Group

RIB Software SE is an innovator in the building and construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB’s flagship cloud-based platform, provides the world’s first enterprise cloud technology based on 5D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. RIB is headquartered in Stuttgart, Germany and Hong Kong, China, and listed on the prime standard Frankfurt Stock Exchange since 2011. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most advanced and digitalised industry in the 21st century.

RIB’s iTWO costX® platform is recognised worldwide as a leading solution for 2D and 3D/BIM takeoff and estimating. More than 16,000 iTWO costX® licences have been sold since the platform’s first release in 2004, with construction professionals in over 90 countries currently placing their trust in the software.