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    From Associated Builders & Contractors:
    Friday, June 07, 2013 9:17 AM
    With the summer building season underway, the nation’s
    construction industry added 7,000 jobs in May as the unemployment rate dipped
    to 10.8 percent, which is down from 13.2 percent in April and the lowest rate
    since October 2008, according to U.S. Labor Department. Since May 2012, the
    industry added 189,000 jobs, or 3.4 percent.
    Link to full
    article:
    And, from FMI’s construction forecast:
    Construction
    Forecast
    Although the strength of individual markets is shifting, our forecast
    for total construction put in place for 2013 continues to show an increase of
    8% over 2012 levels. The forecast total for construction in 2013 is $918,897
    million, a solid improvement, but we don’t expect to return to the days of an-
    nual construction above the trillion-dollar mark until 2015. The star of the
    show is residential buildings with a 23% rise in single-family buildings. In
    the early months of the Great Recession, it seemed that nonresidential
    construction would manage to hold enough momentum to carry it through even
    though residential construction was tanking. It might have made it if the
    recession had been of the brief variety. We are now seeing a lag on the upside
    as commercial, lodging and office construction finally start to pick up.

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    Bluebeam Revu 11
    Revu 11 sets a new standard for project
    collaboration, communication and document organization, making your documents
    easier to access and edit, from anywhere, anytime … even without an Internet
    connection.
    Bluebeam eXtreme Conference 2013
    August 2,
    2013, Los Angeles, CA
    About the eXtreme Conference
    On August 2nd, the power of Bluebeam Revu and the energy of the X
    Games collide at the ultimate, adrenaline-charged Bluebeam eXtreme Conference.
    Located in the heart of downtown Los Angeles, the Bluebeam eXtreme Conference
    will include a day of in-depth educational sessions designed to take your digital
    workflow to the next level.
    Here are a couple of
    the sessions that will be held during the conference:
    Bluebeam for Proposals – How to Win the Job with Bluebeam Revu
    When the Ryan Companies Construction division
    strategically decided to adopt lean processes and virtual construction methods,
    their first step was deploying Bluebeam Revu for digital project communication
    and collaboration.
    Ready, Set, Takeoff
    Prepare your next bid as much as 70% faster by
    using Revu’s built-in takeoff and estimation tools. This session will walk you
    through the entire lifecycle of the bid workflow.
    Link to Schedule and Sessions:

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    It’s totally
    irritating when you visit a house that’s for sale, but all the Realtor makes
    available to you is a flyer or brochure that contains a list of features and
    some photographs.
      This doesn’t just
    apply to when you visit a property, but applies, as well, to when you visit a
    Realtor’s Internet site.
    If I’m
    interested in a property, I want a set of floor plans for that property.  Those floor plans document room sizes, how
    the property’s interior is laid out and the spatial relationship of the rooms.  Is my furniture going to fit, where am I
    going to hang my art, where am I going to place my sculptures, and how big are
    the closets?
    Where is
    this lost data?  The “data” I’m speaking
    of are the floor plans that were designed by the architect when the property
    was first built or when the property was last renovated.  I mean, c’mon, this data is somewhere!
    How about
    getting a group together to gather up and publish-in-the-cloud floor plans for
    houses in and around the U.S.  So that,
    when a property is listed for sale, the Realtor with the listing can search the
    “floor plans” database and then, for a fee, provide a link to the floor plans.

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    After
    e-mailing back and forth with Kevin, it looks like MostCurrentSet works like
    this:
    After an
    A/E/C firm (or team) has made the decision to employ the use of MostCurrentSet,
    drawings, specifications and/or other documents are printed with embedded QR
    Codes.
    Note
    Kevin suggests to A/E/C firms that they ask their Reprographers to do
    this for them, and, evidently, Kevin will license Reprographers so that they
    can print QR Codes on the documents. 
    Kevin will also do this directly for A/E/C firms, if their reprographers
    won’t do this for them.
    Once the
    documents (plans, specs other documents) have embedded QR codes, the QR codes
    can be scanned, and, once that’s done, the holder of the document is informed
    as to whether he/she has the “most current version” of the document.  And, if the holder of the document does not
    have the most current version, he/she can download the most current version.
    Example; I’m
    at the construction site with a set of plans; I go to plan-sheet “A-17”, then
    scan (with my iPhone) the QR Code that appears on sheet A-17.  That action queries the document database for
    that set of plans.  That query comes back
    with some sort of alert – – – that sheet A-17 in my set isn’t the most current
    version – – – and tells me that A-17.1 is now the most current version.  I go ahead and download A-17.1.  (I guess that I’ll have to, at some later
    point when I’m back in the office, print A-17.1 and replace sheet A-17 in my
    set with sheet A-17.1.)
    Kevin refers
    to this technology as “smart paper.” 
    Kevin also says, “
    consider
    it information insurance against using the wrong information to build or
    collaborate.”
    If you want to discuss “MostCurrentSet” technology with
    Kevin, go to www.iplantables.com for
    contact information.

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    Based on
    what I read in Textura’s IPO Prospectus (and also taking into consideration
    that the number of shares offered was increased just prior to the IPO going
    effective), Textura now has (or will have, if the over-allotment is exercised,
    as I suspect it will be) around 22,700,000 shares outstanding.
    Textura
    stock was at $20.91 per share when the market closed on Friday, June 7th,
    the first day that Textura’s shares traded on the NYSE.  That means that, as of market close yesterday
    afternoon, Textura’s “market cap” stood at around $475 million.
    That’s right, around $475
    million!
    When Textura
    first filed to go public, Textura originally planned to offer 4 million
    shares.  But, due to heavy demand,
    Textura ended up offering 5 million shares. 
    The IPO was initially priced to go off at $13 to $15 per share, but,
    when the IPO went effective, the shares were sold at $15.00 per share, so at
    the high-end of the range.  Subsequently,
    the shares soared, as we previously reported in a previous note on Repro 101
    about Textura’s IPO.
    For the most
    recent six month period ended March 31, 2013, Textura reported: (all numbers
    rounded)
    Sales – $15.3 mil
    Operating Expenses – $24.1 mil
    Loss from Operations – $8.7 mil
    Overall Net Loss
    $10.8 mil
    The fact
    that Textura was able to go public – without having ever achieved profitability
    – is a great example of investors believing that Textura’s growth potential is
    enormous.
    I hope that
    some of you, who read the previous posts on Repro 101 about Textura going
    public, were able to pick up some of the shares in the IPO before it started
    trading.  For those who were able to pick
    up the shares at the IPO price of $15.00, they got a very nice pop on the first
    day of trading!

    Textura – NYSE: TXTR

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    Not long
    after first starting this Blog, I noticed that our blog-visitors would
    sometimes comment on posts, ….. but not often.
     
    We’ve
    finally gotten around to establishing a Group on LinkedIn (“Reprographics 101”),
    and we’ve established this Group to encourage our blog-visitors to engage in
    discussions about posts on our Blog and to provide input and comments on
    subjects pertaining to the Reprographics Industry and to the business of
    reprographics.
    We hope you
    will join our LinkedIn Group and that you will encourage your Reprographics
    Industry friends and associates (and even your competitors) to join our
    LinkedIn Group.
    Thank you,
    Joel Salus

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    Blog Publisher’s Comments:
    As the article states, Paul was
    previously with Lellyett & Rogers (Nashville, TN).  L&R has long been the premier “reprographics
    services” provider in the state of Tennessee, if not one of the premier
    reprographics services providers eastern part of the U.S.
    Hearty congratulations to Paul on
    his appointment as CTO of Barge Waggoner Sumner & Cannon.  Back in the early 1990’s, I had the pleasure
    of meeting a few of the principals at BWSC; great people.
    Monday, May 20, 2013
    Barge, Waggoner, Sumner and Cannon,
    Inc., announced Monday that Paul
    Dougherty
    has joined the firm as chief technology officer.   
    As CTO, Mr. Dougherty will provide
    leadership to Barge Waggoner’s IT Department and promote collaboration among
    all professional disciplines, groups and office locations through a unified
    technology platform. He brings 34 years of professional experience in
    information technology with previous employment at Lellyett and Rogers Services and Gresham, Smith and Partners
    as chief technology officer. 
    “Paul’s background and experience
    match up perfectly with what we need to advance our information and production
    technology capabilities to the next level,” commented Randy Ferguson, chief
    operating officer. “He will identify, evaluate and implement emerging
    technologies which are critical to Barge Waggoner’s growth and business
    strategies. Paul’s commitment to operational efficiency will strengthen the
    firm’s competitiveness and overall position in the marketplace.”
    Mr. Dougherty is a certified project
    management professional, information security manager, and a certified
    construction documents technologist. He holds a Master of Public Administration
    from the University of Alabama in Birmingham and a Bachelor of Arts from the
    University of Alabama. 

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    During the month
    of May (and the first several days of June), Ed Avis, the new Managing Director
    of the IRgA, developed a brand new web-site for the IRgA.
    I think he
    did an outstanding job; check it out and see what you think:

  • June
    7, 2013 9:51 AM EDT
    The IPO for Textura Corporation (NYSE: TXTR)
    opened for trading on the NYSE at $24 per share, after pricing 5,000,000 shares
    of common stock at a price to the public of $15.00 per share.
    Credit Suisse
    and William Blair are acting as joint book-running managers for the IPO, and JMP Securities, Oppenheimer & Co.
    and Barrington Research are acting as co-managers.
    Textura is a provider of collaboration and productivity
    tools for the construction industry.
    Textura has achieved significant growth since introducing
    its solutions to the market. In the fiscal years ended September 30, 2010, 2011
    and 2012, the company generated revenue of $6.0 million, $10.5 million and
    $21.7 million, respectively, which represented growth over the prior period of
    90.0%, 74.7% and 106.2%, respectively. In those same periods, they had net
    losses of $15.9 million, $18.9 million and $18.8 million, respectively.

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    News Release

    New HP Designjet ePrinters improve
    user experience for architecture, engineering, construction and design
    professionals
    PALO
    ALTO, Calif., June 5, 2013 — HP today introduced two web-connected printers
    that transform the large-format printing process with a new ergonomic design,
    delivering an improved user experience for architecture, engineering,
    construction and design professionals.
    Design
    professionals are more mobile than ever—moving among offices, job sites and
    airports. Additionally, the design process is highly collaborative, taking
    place between different teams and across different time zones.
    The
    new HP Designjet T920 and T1500 ePrinter series are designed to help
    busy workgroups complete work efficiently and meet deadlines by printing
    correctly from the start with true print previews and delivering fast,
    high-quality prints. Additionally, these devices help users on the go access,
    view and print projects from the cloud so they can collaborate easily with
    remote teams.
    HP
    designed the 36-inch devices based on extensive engagement with users early in
    the development process. Users proposed designs that
    addressed the pain points
    they suffer before, during and after the
    printing process. From this input, HP identified an output tray and true
    front-roll media loading as key areas for enhancement.
    The
    integrated output stacking tray on the devices change the way users collect and
    organize large-format output.  The integrated output stacking tray is
    built in on top of the device and delivers flat, collated prints. This new
    output system improves productivity by reducing time spent searching through
    and organizing printouts, and it eliminates the need for users to bend down to
    collect prints.
    Additionally,
    the new industrial design presents a flat surface on top of the devices,
    creating a media review table for easy, quick checking of printed plans. Built
    for against-the-wall operation, the true front-roll loading feature allows
    users to load media easily, even while seated. In addition to these new design
    features, the HP Designjet T920 and T1500 ePrinters deliver the fastest print
    speeds in the market.
    (1)  
    “With
    the HP Designjet T1500 ePrinter in-house, we can quickly turn around
    presentations and work up to the minute a proposal is due,” said Gerardo
    Salinas, partner, Rojkind Architects.
    “The printer’s ability to collate prints and organize the queue allows us to
    print drawings and plans more efficiently; my team has a competitive advantage
    and our business is faster and better.”
    Improved
    user experience based on customer-driven innovation
    For
    small to medium workgroups, the compact HP Designjet T920 ePrinter eliminates
    output clutter with an integrated stacking tray that collates up to 50 sheets
    of A4- to A0-size media. True front-roll loading and automatic paper roll
    alignment make media handling simple. The device operates at speeds up to 21 seconds per A1/D print and is equipped with 32 GB
    of virtual memory space to process complex files easily and deliver faster
    prints.
    (1)
    Ideal
    for multiuser environments, the HP Designjet T1500 ePrinter is equipped with
    two rolls and features automatic alignment and smart switching capabilities to
    handle multiple jobs on different media types and sizes. Doubling the
    processing power over its predecessor, the HP Designjet T1500 ePrinter uses a
    parallel processor with a 320GB hard drive to print multiple files
    simultaneously.
    The
    HP Designjet T920 and T1500 ePrinters feature an intuitive, full-color touch
    screen that gives users added control with the ability to manage job queues,
    track print costs
    (2) and view true print previews. With
    six Original HP inks and the HP printhead, the new series can produce dark
    blacks, true neutral grays, vivid colors and sharp lines.
    “Our
    customers constantly seek more efficient and user-friendly tools to bring their
    ideas to life,” said Ramon Pastor, vice president and general manager, Large
    Format Printing, HP. “More than two decades after the launch of the first
    Designjet printer, HP continues to bring design, architecture, engineering and
    construction professionals large-format printing solutions with innovative
    features, such as the integrated stacking tray and true front-roll loading,
    that transform the in-house printing process as well as allow users more time
    for creativity.” 
    Printing
    from virtually anywhere with HP Designjet ePrint & Share
    (3)   
    The HP Designjet ePrinter portfolio
    features HP Designjet ePrint & Share,
    a free web service that makes it easy to access, view and print large-format
    documents using an Android or Apple tablet, a smartphone, a notebook or an
    ePrinter touch screen.
    (3)
    Together
    with HP Designjet ePrint & Share, the web-connected HP Designjet T920 and
    T1500 ePrinters allow users to automatically save copies of projects to the
    cloud when printing.
    (3)
    Users also can
    email projects to print by attaching a PDF or other print-ready file to an
    email.
    (3) Customers can then send the file to
    the ePrinter’s dedicated address.
    “The
    combination of the HP Designjet T920 ePrinter and HP Designjet ePrint &
    Share allows our firm to collaborate more easily across the globe, designing
    with partners without regard for geographic borders,” said Muhannad El Midani,
    project manager, SSH
    Pricing
    and availability
      
    ·    The HP Designjet T920 and T1500
    ePrinter series are expected to be available worldwide beginning on July 8 for
    estimated list prices of $5,395 and $7,495, respectively.
    (4)
    ·    HP Designjet ePrint & Share is
    available at no additional cost for HP Designjet customers that create an
    account at www.hp.com/go/eprintandshare.
    The mobile application is available through Google Play and the Apple App
    Store.
      
    About
    HP
    HP
    creates new possibilities for technology to have a meaningful impact on people,
    businesses, governments and society. The world’s largest technology company, HP
    brings together a portfolio that spans printing, personal computing, software,
    services and IT infrastructure at the convergence of the cloud and
    connectivity, creating seamless, secure, context-aware experiences for a
    connected world. More information about HP (NYSE: HPQ) is available at http://www.hp.com.
    (1)  The HP Designjet T920 and T1500 ePrinter series can print up
    to 21 seconds per A1/D size prints in economode, faster than the Canon iPF825,
    Canon iPF755, Epson SC-T5000 and Epson SC-T7000. Comparison based on
    manufacturers’ published specifications of fastest-available print speeds.
    (2)  Only HP Designjet T1500 series.
    (3)  Requires an HP Designjet ePrint & Share account,
    internet connection to the printer and connected internet-capable device. When
    using the HP Designjet ePrint & Share mobile app, a compatible Apple iOS or
    Android device and internet connection are required. Data or connection charges
    may apply. Print times may vary. Additional information is available at www.hp.com/go/eprintandshare.
    (4)  Estimated U.S. list prices. Actual prices may vary.