BMD Group and TechnologyOne partnership to usher in new era for the civil construction sector

A Brisbane construction giant with a $2bn pipeline of projects across Australia has signed a ‘game-changing’ tech deal to transform the company.

TWO Queensland corporate powerhouses have partnered up in what have been described as a “game-changer” for the construction industry.

BMD Group and TechnologyOne have entered into a seven-year $17m partnership that will see the nation’s largest privately owned civil contractor invest in a major technology upgrade to transform and power an annual pipeline of about $2bn worth of projects.

The deal will re-engineer the way BMD Group manages projects across Australia which has about 120 projects running concurrently at any one time

It will see BMD Group adopt TechnologyOne’s market-leading OneAsset enterprise software solution, an essential technology for corporations to manage high-value assets and projects on time and on budget.

The software will enable BMD Group to better manage all aspects of its growing infrastructure pipeline across the entire project life cycle.

TechnologyOne chief executive Ed Chung.

TechnologyOne chief executive Ed Chung said BMD Group sought a genuine transformational technology project for the construction industry.

“It will ensure they have the right business processes and technology in place to boost productivity with a software suite that covers the totality of the project life cycle,” he says.

BMD’s current pipeline includes major Queensland projects such as Bruce Highway Upgrade – Cooroy to Curra Section D, Townsville Northern Access Intersections Upgrade and the Douglas Water Treatment Plant Water Clarifiers.

BMD chief executive Scott Power said the construction industry was traditionally behind the curve when it comes to digital and technology transformation.

“This transformative partnership with TechnologyOne is a game-changer not just in positioning BMD Group at the forefront of change, but in demonstrating how our industry can better use technology to underpin the incredibly important work being done by the entire sector to keep our nation’s economy and communities moving,” he says.

“We understand that as we scale in Australia and pursue new international expansion opportunities, we needed a modern and cutting-edge technology platform to put us at the front of digital transformation in our industry.”

GREEN LIGHT

THE $23bn merger of the Heritage Bank and People’s Choice Credit Union has got the provisional green light by members to create one of the largest financial institutions of its kind in Australia.

Members of both organisations voted strongly in favour of their merger with provisional results indicating a clear approval. Both organisations needed to have at least 75 per cent of voting members in favour of the proposal for it to be formally approved.

The new entity will have over 720,000 members, 1,900 employees, over $23bn in assets

and 95 branches across South Australia, Victoria, NSW, Queensland and the Northern Territory.

Heritage Bank chief executive Peter Lock.

Heritage chief executive Peter Lock said it was a “milestone moment” for the mutual banking sector and will offer a strong alternative to the big banks.

“Our organisations have a shared purpose – to help members reach their financial goals,” he says.

“This merger combines the best of both organisations, enabling us to build on our individual

strengths while having greater size and scale to deliver more for members.”

Work is now underway to prepare for the two organisations to come together as a single

organisation from March 1.

Current People’s Choice chairman Michael Cameron will become the chairman of the new

un-named organisation, with Heritage chairman Kerry Betros to become deputy chairman.

Mr Lock will become the CEO of the new organisation, with People’s Choice CEO Steve Laidlaw to become the Deputy CEO.

Mr Lock will retire 18 months after the establishment of the merged organisation, when Mr Laidlaw will be appointed as CEO.