TraceAir, a provider of site intelligence software for home builders and land developers, and PermitFlow, a construction permit application and management software for builders, entered a strategic partnership the companies say will help streamline workflows and simplify the regulatory navigation process.
The partnership will help address critical pain points in the construction industry, helping drive efficiency and productivity for home builders. As a result, TraceAir customers will be able to access PermitFlow’s permit management solutions, allowing builders to more easily comply with complex regulations. Similarly, PermitFlow users will benefit from TraceAir’s advanced land development tools to enable more efficient project planning and budget management.
“We are excited to partner with PermitFlow to offer our clients a comprehensive solution that addresses their needs throughout the entire construction lifecycle,” says Maria Khoklova, co-founder of TraceAir. “Together, we are committed to empowering builders and contractors with the tools they need to succeed in today’s competitive market.”
Through the use of drones, TraceAir helps measure, verify, and quantify the progress of construction during the site work on a weekly basis, helping reduce budget and timeline uncertainty for home builders. The company’s site intelligence capabilities enable more efficient and real-time project planning as well as data-driven decision-making to mitigate errors and delays.
For TraceAir, the partnership comes less than a month after it announced a $25 million Series B funding round. Kohoklova previously told Builder the capital would support the development and market roll-out of new products to boost land development and building workflows with predictive analysis. She said the company was planning to transition from a “single product company” to one that services the wider project lifecycle from land acquisition to the vertical construction stage.
“This partnership with TraceAir represents a pivotal moment for the construction industry,” says Francis Tumpasery, co-founder and CEO of PermitFlow. “By partnering with TraceAir, we are setting a new standard for efficiency and reliability in project execution. We believe our combined efforts will make a substantial difference in managing construction projects, paving the way for a smoother, more streamlined process that benefits all stakeholders.”
PermitFlow, the 2023 Ivory Prize co-winner for policy and regulatory reform, is the self-described “TurboTax for construction permitting,” providing automation and workflow software for builders. The company helps companies identify the sequencing of required documents and submits applications to municipalities. The firm says it reduces the time of permit application for builders by 50%.
