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Roc has launched Coria – a Roc company, focused on developing intelligent automation solutions that address pervasive industry problems at scale. The name itself—a re-arrangement of Roc AI —reflects the company's commitment to embedding artificial intelligence within its solutions while maintaining a distinct yet complementary brand identity to its parent.
The inaugural product from Coria is a Digital Cost Assurance platform, developed over three years in close collaboration with National Highways and other key players within the UKs major infrastructure and construction industries. This solution targets the endemic cost control and transparency issues plaguing major government-commissioned infrastructure projects in the UK, spanning road, rail, energy, defence and health, but the list goes on.
What distinguishes this platform is its ability to establish standardised rule sets and processes for continuous cost submission and supply chain payment acceleration. This approach delivers benefits across the construction ecosystem, including complete audit trails, with the ability to audit 100% of project data rather than the current estimate of 20%.
Coria has implemented a pragmatic two-phase commercial strategy. Initial engagement begins with a low-code platform that can be rapidly deployed for proof-of-value projects, allowing clients to trial the solution using their own data within specific workstreams. Once value is established, clients can transition to the high-code SaaS platform for full programme deployment, ensuring minimal disruption to existing processes.
The company has identified three primary market segments: government infrastructure buyers or ‘client advocates’ seeking better fiscal control, global consultancy firms (such as Mott MacDonald and Mace, and tier-one construction suppliers such as Balfour Beatty and Skanska who stand to benefit from better use of limited resources reduced overheads and improved cash management capabilities.
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Posted by: Marc Hardwick at 09:47
Tags:
construction
costmanagement