Visit Us at IRMI to Check Out the new Marsh SubSecure Risk Reporting Integration

Defaults are becoming an increasing risk in the construction industry. Avoiding the risk of general contractor or sub default means reviewing contractor qualifications prior to awarding a contract–and that’s why we’ve incorporated  Marsh & McClennan’s SubSecure reports directly into our JBKnowledge products, SmartInsight and SmartBid.  

By taking advantage of the SubSecure integration, SmartInsight & SmartBid users alike can purchase Individual SubSecure Quick or Comprehensive Rating Reports on themselves or contractors they are interested in working with.  

SubSecure reports score a contractor’s financial factors against 10 important areas to help determine if they present a high risk for potential default. It’s great to know your score and even include your report when bidding projects, to show you’re a reliable partner, and you may also want to pull reports on potential project partners.  

Another option is the SubSecure Comprehensive Report, which goes into even more detail and separates each general contractor or subcontractor’s risk score into four easily understood quartiles of risk.  It includes the SubSecure Individual Benchmark Report and Portfolio report, along with an individual Z-Score.  It’s another great option for determining risk and displaying your viability as a project partner.  These reports are even discounted within SmartInsight and SmartBid for users!

If you’re a General Contractor, it’s important to mitigate the risk of working with subs, to ensure you don’t partner with contractors facing financial instability, or one experiencing operational difficulties.

If you’re a subcontractor, it’s important to be sure the General Contractors whose projects you’re working on are viable, that you’ll get paid on time, and that your partnership has the potential to last–SubSecure Quick and Comprehensive reports can help you make those determinations with confidence. You can also get ahead of the game by tracking reports on your own company and providing them early in the bidding process.

To celebrate this new integration with Marsh SubSecure,  we’re rolling out the integration at the IRMI Construct Conference, November 6-9 in Orlando, Florida. We encourage risk managers, general contractors, prime contractors, subcontractors and more to come visit us in our SubSecure Café, located in the Vinoy Ballroom on the 2nd floor in the North Tower, at IRMI for a live demonstration and to learn more about the tool.  If you have any further questions, visit our SubSecure page, log in into SmartInsight and check out the “Integrations” section of your profile, or claim a SmartInsight profile today to try it out.

In addition to rolling out SubSecure reporting within SmartInsight and SmartBid, JBKnowledge, CEO and ConTechTrio Host, James Benham, will be presenting “How Wearable Technologies are Making the Job Site Safer.” JBKnowledge Consultant and ConTechTrio Co-Host, Rob McKinney, will also present on the topic of “The Evolution of Safety Management Through Apps & Data.” Click here to learn more about the conference.

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As a founding member of the Construction Open Standards Alliance, JBKnowledge (makers of SmartBidNet) works with 20+ other construction software providers on developing data exchange standards for the integration of independent software solutions.

By using a software built on COSA standards, you're able to:
- Incorportate all your favorite software into one high-performing, multi-function construction software
- Eliminate errors and omissions associated with faulty integrations.
- Eliminate manual and spreadsheet data transfers between software.

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All SmartBidNet users can utilize the integrated ConsensusDocs 721 form for subcontractor prequalification. Users can further customize those forms with the Prequal Pro add-on module.

SmartBidNet users are able to use ConsensusDocs to:
- Request standard subcontractor prequalification information at the click of a button.
- Keep subcontractors' qualifications up-to-date with easy-to-manage ConsensusDocs forms.
- Keep sensitive information private with ConsensusDocs 721 digital forms.

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The Virtual Planroom Network (VPRN) partnership allows users of SmartBidNet to view, select and bid on thousands of public project opportunities from VPRN – impacting market coverage and ultimately revenue.

The VPRN is a collaboration of builders' exchanges that have been delivering construction data, news and information of opportunities at various stages of the construction process for over a century.

With this partnership, SmartBidNet users can benefit by:
- Publishing public bid projects from SmartBidnet to the VPRN Online Planroom.
- Pulling projects and documents from the VPRN Online Planroom into SmartBidNet for private prequalification and bid management.
- Accessing industry news easily within VPRN that our commercial building clients depend on daily.

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Dun & Bradstreet is collaborating with SmartBidNet to improve the quality of data integrated from the SmartInsight contractor network. D&B solutions assist in data cleansing and verification by running SmartInsight subcontractor data through the world’s leading source of commercial data, analytics and insight on businesses. D&B’s global commercial database contains more than 240 million accurate business records.

Through our integration with Dun & Bradstreet, SmartBidNet users are able to take advantage of verified commercial company data integrated from SmartInsight by referencing a D-U-N-S number for each subcontractor. This integration also gives general contractors confidence in the validity of subcontractor data listed within the SmartInsight network.

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ShareFile, our recommended cloud storage service, integrates into SmartBidNet for a seamless connection between both systems - allowing users to keep their project documents up to date within both platforms.

By integrating a ShareFile account into SmartBidNet, general contractors are able to:
- Upload bid project files and documents from ShareFile directly into SmartBidNet and vice versa
- Quickly add and remove project documents with real-time synchronization
- Always keep your plans within reach for any shared subcontractor in SmartBidNet or ShareFile

 

Our partnership with Plans4Less allows SmartBidNet users to get the most affordable pricing for same day printing and shipping for plans from the SmartBidNet online plan room.

With the option of using the integrated Plans4Less feature, SmartBidNet users are able to:
- Give subcontractors access to the reprographic services offered by Plans4Less as they view plans in the SmartBidNet Online Planroom.
- Take advantage of fixed pricing with no minimum orders required.
- Print & ship daily direct to your office or construction job site nationally via UPS.

 

With the STACK Estimating (formerly Cloud Takeoff) integration into SmartBidNet, all SmartBidNet users can easily open plan files and quickly perform basic quantity takeoffs from your SmartBidNet plan room.

By becoming a STACK Estimating customer, SmartBidNet users can:
- Experience real-time, collaborative estimating takeoff with your project team and subcontractors.
- Use detailed reporting to calculate the cost and quantity of materials to pull back into SmartBidNet.
- Take advantage of STACK’s pre-built catalogs to help you quickly calculate costs for specific trades based on your own rates and historical experience.

 

SmartInsight is an online construction network that helps general contractors find, verify and connect with subcontractors and suppliers. The full SmartInsight database of contractors is integrated with SmartBidNet for general contractors to tap into when sending project communications.

By using the SmartInsight construction network, general contractors in SmartBidNet can:
- Access a quality, up-to-date database of subcontractors for additional bid coverage.
- Locate qualified subcontractors that match your project requirements.
- Access a platform focused on streamlined prequalification with subcontractor scoring available from industry leading risk analysts.

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Cloud Storage Integrations


In addition to our preferred cloud integration with ShareFile, our users’ SmartBidNet online plan room can also integrate with these cloud storage solutions:

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ShareFile

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Box

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Google Drive

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OneDrive

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Egnyte

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SharePoint

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OneDrive
for Business

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CMIS

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Alfresco

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AWS S3



Call (866) 431-1050 or complete the form below to learn more.
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