Overview
Honest Buildings, now fully integrated as 'Procore for Owners' following its acquisition, serves as the premier project management and procurement platform designed specifically for real estate owners. Its technical architecture focuses on centralizing capital project data, enabling owners to move away from fragmented spreadsheets into a unified, cloud-native environment. By 2026, the platform has matured into a predictive engine, leveraging historical project data to forecast construction costs and timelines with high precision. It streamlines the entire project lifecycle—from capital planning and bid management to financial tracking and closeout. The platform's core value proposition lies in its 'Bid Leveling' engine, which uses standardized data structures to compare contractor proposals side-by-side, neutralizing inconsistencies and identifying risk factors. Integrated deeply with ERP systems like Yardi and MRI, it ensures that financial data flows seamlessly between project management and accounting teams. In the 2026 market, it remains the dominant choice for institutional owners, REITs, and private equity firms looking to maximize ROI across large-scale portfolios through increased transparency and automated document workflows.