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Parspec

Empowering mechanical, electrical, and plumbing product experts with AI-powered selection, quoting, and submittals.

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Overview

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Parspec is an AI-powered platform revolutionizing efficiency in the construction industry supply chain. Designed for sales agents and wholesale distributors in the mechanical, electrical, and plumbing (MEP) sectors, Parspec enables efficient bidding and supply of construction products. Using advanced artificial intelligence, it instantly identifies market-available products that comply with complex customer requirements. This streamlined capability reduces bidding time and cost, improves bid quality and compliance, and helps users bid for and win more projects. Initially focused on lighting and electrical products, Parspec now supports a wide range of MEP products.

How It Works

  • Product Finder:
    • Input technical requirements and preferred manufacturers, or allow Parspec to automatically extract them from design specs, product schedules, or cut sheets.
    • The AI recommendation engine suggests spec-compliant product alternatives while considering customer preferences, helping users identify the ideal choice.
    • Generate a Bill of Materials (BOM) and seamlessly create a polished bid within Parspec Quoting, or export the BOM for use in existing systems.
  • Quoting:
    • Utilizes innovative selection and pricing technology to streamline quoting, aiding teams to bid more effectively and increase win rates.
  • Submittals + O&M’s:
    • Automates the search, markup, and package composition of documents, producing accurate, professional submittals and O&M packages in minutes rather than days—freeing up teams for business growth.

Use Cases

Product Selection
Quickly identify and select customer-preferred, spec-compliant mechanical, electrical, and plumbing products for various construction projects.
Project Quoting
Generate accurate and competitive quotes for construction bids, boosting bid volume and increasing project win rates.
Submittal & O&M Automation
Automate the creation of professional submittal and O&M packages, dramatically reducing turnaround times from days to minutes.

Features & Benefits

  • AI-powered Product Selection: Instantly identify spec-compliant product alternatives
  • Automated Requirement Extraction: Extract requirements from design specs, schedules, or cut sheets
  • Rapid Submittal & O&M Generation: Automate document composition for quick submittals and O&M packages
  • Improved Productivity: Allow teams to move faster and make their jobs easier
  • Reduced Errors: Eliminate costly submittal errors, ensuring accuracy
  • Significant Time Savings: Save substantial admin time, e.g., 70+ hours monthly
  • Smarter Quoting: Enhance quoting with innovative product selection and pricing technology
  • Increased Bid Volume: Bid 5-15% more jobs
  • Enhanced Win Rates: Improve project win rate by 3-7%
  • Boosted Profitability: Increase profitability by 8-15%
  • Accurate Product Understanding: Better insight into product alternatives, pricing, and preferences

Target Audience

  • Mechanical, Electrical, and Plumbing (MEP) product experts
  • Sales agents
  • Distributors
  • Lighting and electrical representatives
  • Project Managers
  • Project Department Managers
  • Quotations Coordinators
  • Specification Sales Managers
  • Companies in the construction supply chain seeking to enhance bidding, quoting, and submittal workflows

Pricing

  • Pricing information is not currently available in the provided materials.

FAQs

How does Parspec improve productivity for MEP product experts?

Parspec's AI-powered platform streamlines product selection, quoting, and submittal processes, enabling users to bid more jobs, increase win rates, and improve profitability by automating time-consuming tasks and providing accurate product alternatives.

What types of products does Parspec support?

Parspec supports mechanical, electrical, and plumbing (MEP) products, including a strong focus on lighting and electrical components.

How does Parspec's Product Finder work?

The Product Finder allows users to input technical requirements or automatically extracts them from documents. Its AI identifies spec-compliant alternatives and considers customer preferences to suggest the best match for quoting.

What are the key benefits of using Parspec for quoting?

Parspec's innovative product selection and pricing technology helps teams bid more effectively and achieve higher win rates, ultimately increasing revenue and profitability.

How does Parspec automate submittals and O&M packages?

Parspec automates the entire process of document search, markup, and package composition, allowing users to create accurate, professional submittals and O&M documents in minutes, reducing manual effort and errors.

What kind of return on investment (ROI) can I expect with Parspec?

Users typically experience a 5-15% increase in jobs bid, a 3-7% improvement in win rates, and an 8-15% increase in profit, along with significant time savings for submittal creation.

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