Boom and Bucket Partners with Procore to Launch Open Equipment Taxonomy Alliance alongside Members of the Equipment Software Community

Austin, TX – October 9, 2024 – Boom and Bucket, a leading online marketplace for buying and selling heavy machinery, today announced a partnership with Procore Technologies, Inc., the leading global provider of construction management software. This partnership aims to develop an open-access taxonomy alliance for construction equipment. The initiative seeks to standardize data exchange across construction equipment software providers, enhancing interoperability across the construction industry. 

The Open Equipment Taxonomy Alliance will introduce a comprehensive classification system for construction machinery and equipment. This taxonomy is designed to standardize the terminology and categorization of construction equipment across different platforms and software solutions. By establishing a common language, the partnership aims to streamline data interchange between equipment software providers, enhancing efficiency and reducing potential errors in construction projects.

"Our collaboration with Procore represents a significant step forward in our mission to bring advanced technological solutions to the construction industry," said Samir Shah, Chief Product Officer of Boom and Bucket. "By developing an open-access taxonomy, we are laying the foundation for more seamless integration among software platforms, ultimately leading to improved project outcomes for construction companies worldwide."

This open-access taxonomy will be freely available, encouraging its use and adaptation by developers, manufacturers, and construction firms. This approach encourages widespread adoption and continuous taxonomy improvement, ensuring it remains relevant and useful as the industry evolves.

"Procore is committed to improving resource management - our partnership with Boom and Bucket to develop an open-access taxonomy for construction equipment is a testament to this commitment," said Blake Shiver, VP Channel and Public Sector of Procore. "We believe this initiative will help drive interoperability for players on the Procore Marketplace and improve efficiency across the industry, benefiting all stakeholders involved in construction projects."

The development of the taxonomy will involve input from a wide range of industry experts, including equipment manufacturers, software developers, and construction professionals. This collaborative approach ensures that the taxonomy will be comprehensive, covering the vast diversity of equipment used in construction today, and adaptable to future advancements in the field.

Boom and Bucket and Procore invite other industry players to join this initiative, contributing their expertise and insights to create a resource that benefits the entire construction community. This partnership is a call to action for the industry to unite and leverage technology to solve common challenges, paving the way for a more integrated and efficient future in construction.

For more information about the alliance and to contribute to this groundbreaking initiative, please visit www.boomandbucket.com/resources/taxonomy.

Boom and Bucket is on a mission to build the most trusted buying and selling experience for used equipment. Sellers enjoy effective, effortless sales backed by modern insights and world-class market data. Buyers get a unique blend of warranties, inspections, financing, and shipping that makes buying used equipment fast and reliable, all of which is backed by our 5-star customer service team. With a commitment to transparency, no hidden costs, and nationwide shipping within 7 days, Boom and Bucket is raising the bar for used equipment sales across the globe. For more information visit www.boomandbucket.com.

For Boom and Bucket:  

Anna Wondany, CMO 

Email:  anna@boomandbucket.com

Phone: 888.313.1597