JOC ARCHIVES

January 27, 2014

Agreement signed between Alberta COOLNet group and Reed Construction Data Canada

SUE PEKONEN

Reed Construction Data Canada and the Alberta COOLNet group (local construction associations in Alberta) ratify their alliance agreement at the Edmonton Construction Association on Jan. 22, 2014.

A unique partnership between local construction associations in Alberta and Reed Construction Data has established the province's largest non-residential construction network, which aims to facilitate communication between construction owners, bidders and design professionals.

“Each partner brings valuable resources to this alliance,” said Dave Smith, president of the Calgary Construction Association. “Together we have all of Alberta covered and with Reed on board our reach widens. Construction procurement just got easier in Alberta.”

The Alberta COOLNet group and Reed Construction Data Canada signed an alliance agreement at the Edmonton Construction Association (ECA) on Jan. 22, 2014.

As a result, the partners are currently implementing the functional aspects of the agreement, which gives association members and Reed customers access to Alberta’s largest network of non-residential construction projects, construction data and documents.

“The benefits of this alliance to the industry and our members are clear and this was revealed during our evaluation process,” said John McNicoll, executive director of the ECA.

We also spoke with Reed’s partners outside Alberta, which gave us a lot of confidence in moving forward.”

The agreement involves nine local construction associations in Calgary, Edmonton, Fort McMurray, Grande Prairie, Lethbridge, Lloydminster, Medicine Hat, Peace River and Red Deer.

The majority of business activity for local construction associations in Alberta is conducted through Alberta COOLNet, which is an electronic planroom that allows contractors to access business opportunities, manage documents and bid on open projects.

However, previously the ECA had its own electronic planroom called COOLNet Edmonton, which provided up-to-date information on construction procurement opportunities for its members.

The two platforms have since merged.

The partnership delivers COOLNet’s premium bid communications and e-procurement tools to construction buyers, consultants, and suppliers, while providing members and customers with more opportunities.

“Our alliance now avoids duplicating efforts to cover the same bid opportunities. More importantly, we are now coordinating resources, technology, and intellectual capital around buyer-side activities,” said Craig Roberts, senior director at Reed Construction Data.

“COOLNet Alberta’s e-bid and e-procurement tools for buyers and sellers, powered by Infinite Source’s impressive technology, makes the bid notification and bid processes more efficient. We are very pleased to sign on to support this powerful platform in Alberta.”

This deal reveals that the trend towards the distribution of project information online is rapidly changing the way owners, design teams, contractors and suppliers share information with each other.

The ECA held a launch party at the Fantasyland Hotel on Jan. 28 to introduce their members to the new updated feature of the CoolNet platform.

They are also holding 1.5 hour tutorials in the Learning Center between Jan. 29 and Jan. 31.

The new COOLNet site features E-bidding, E-bonding and an optional ACTS procurement process.

These extra features take into account the needs and desires of the public tendering authorities that want to streamline the procurement process, make it paperless and increase compliancy with reduced risk of error.

The enhanced features also include a quicker and easier project search; better project viewing and downloading; and a new, clean look.

COOLNet tools will allow members to access private projects and invite-only tenders.

Reed Construction Data has a strategic alliance with local construction associations in Ontario, which has facilitated and streamlined the flow of bid information and documents in the province.

In the alliance with local construction associations in Ontario, Reed is integrating plans and specifications with Reed Connect, which is Canada’s largest database of project leads.

Like the Ontario alliance, the Alberta partnership draws on the strengths of both partners to improve the flow of information to and from key suppliers of construction.

Reed is a construction information business that provides project leads, market intelligence, marketing solutions and cost data to architects, engineers, contractors, manufacturers and distributors.

Reed Construction Data Canada owns the Journal of Commerce.

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