Speaking exclusively to Middle East Construction News (MECN), Compass Project Consulting has said it has inked a strategic partnership with technology provider Mastt. The deal sees Compass become the first professional user of Mastt’s software in the MENA region; the software provides machine-learning and data-driven insights, which is said to reinforce Compass’ project development capabilities.
“Having successfully trialed the software on a few of our portfolio clients, the advanced software has generated highly visible value and cost savings on our large contracts. Our team have been particularly impressed with the ability to generate real-time transparency on such wide-spanning programmes, along with pre-emptive risk control capabilities,” said Luke Somerville, Managing Director at Compass Project Consulting.
Mastt’s software is said to oversee and govern capital expenditure and risks across large asset development portfolios. Its platform provides capital asset owners with mission-critical real-time reporting and analysis across their portfolio and individual projects, which is said to enable immediate decisions to prevent cost and time blowouts.
By integrating the technology, Compass says it has simplified its planning, reporting and analysis of project performance. With Mastt’s smart algorithms partly automating this process, Compass’ project development consultants have been able to drive faster, better projects and benchmark each project’s performance across major capital portfolios, the firm said.
Somerville added, “We are excited to formalise our relationship with Mastt, a company with similar goals and values. Together we can significantly accelerate the transformative power of construction technology to solve complex construction data challenges within our industry and client projects.’’
Mastt’s Co-founder and CEO, Doug Vincent remarked, “We want to help Compass capitalise on the huge potential our platform gives for predictive decision making across projects. The last 12 months showed we’re solving a real issue for consultants and portfolio owners.”
Construction technology will be the focus of Big Project Middle East’s Digital Construction Summit, which is scheduled to take place on 14 September in Dubai. The City of Paris recently announced the completion of an international design competition to update the Notre-Dame de Paris’ surroundings. The competition was underpinned by BIM technology. In the UAE, further highlighting the importance of technology in the built environment, the Dubai Municipality recently launched several technical activities relating to 3D printing technologies.
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