PennDOT Contracts with Bentley Systems to Advance Project Delivery

Rhea-AI Summary

Bentley Systems (Nasdaq: BSY) has been selected by the Pennsylvania Department of Transportation (PennDOT) for state-wide civil design solutions, extending their long-standing relationship. PennDOT has transitioned to Bentley's OpenRoads 3D design software and ProjectWise for CADD data management to support various engineering disciplines. This contract aims to accelerate infrastructure projects funded by the Infrastructure Investment and Jobs Act (IIJA).

Bentley has partnered with Pennsylvania firms Cedarville Engineering Group and Honor Engineer Company for this contract. PennDOT officials, including Secretary Mike Carroll, visited Bentley's headquarters to discuss the department's embrace of digital capabilities to improve project delivery.

Positive

• Bentley Systems secured a multi-award contract with PennDOT for state-wide civil design solutions
• PennDOT has adopted Bentley's OpenRoads 3D design software and ProjectWise for CADD data management
• Partnership with local Pennsylvania firms Cedarville Engineering Group and Honor Engineer Company
• PennDOT's leadership in embracing digital capabilities to improve project delivery

Negative

• None.

Tech Expert

Bentley Systems' contract with PennDOT marks a significant advancement in infrastructure project delivery. The adoption of OpenRoads 3D design software and ProjectWise for CADD data management represents a major technological upgrade for PennDOT's engineering processes. This shift towards more advanced digital tools is likely to enhance efficiency and accuracy in roadway, bridge and other infrastructure projects.

The partnership with smaller Pennsylvania firms, CEG and Honor Engineer Company, aligns with the federal push for inclusive project allocation under the Infrastructure Investment and Jobs Act. This collaboration could lead to increased innovation and local economic benefits. However, the success of this technological transition will depend on effective implementation and training across PennDOT's ecosystem.

Financial Analyst

While specific financial figures aren't provided, this contract extension with PennDOT is positive for Bentley Systems (Nasdaq: BSY). As a major state DOT client, PennDOT's continued commitment suggests strong product satisfaction and could lead to stable recurring revenue. The contract's alignment with IIJA funding indicates potential for expanded project scope and increased software utilization.

Investors should note the strategic importance of government contracts in the infrastructure software sector. Bentley's ability to secure this multi-award contract demonstrates competitive strength and positions the company well for similar opportunities with other state DOTs. However, the lack of disclosed contract value makes it difficult to quantify the immediate financial impact.

Extends Commitment to Bentley CADD Solutions

EXTON, Pa.--(BUSINESS WIRE)-- Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that it has been selected as part of a multi-award Request for Proposal by the Pennsylvania Department of Transportation (PennDOT) for state-wide civil design solutions. The contract award extends Bentley’s long-standing relationship with PennDOT to advance project delivery. PennDOT has transitioned to Bentley’s OpenRoads 3D design software and ProjectWise for CADD data management to support roadway, bridge, drainage, traffic, and geotechnical engineering.

Left to right: Sen. Wayne Langerholc, Jr., Chairman of the Pennsylvania Senate Transportation Committee; Rep. Matthew Bradford, Majority Leader of the Pennsylvania House of Representatives; Pennsylvania Secretary of Transportation Mike Carroll; and Bentley Systems’ Executive Chair Greg Bentley discuss transportation infrastructure during an event at Bentley Systems’ headquarters. (Photo: Business Wire)

The acceleration of infrastructure projects with federal funding provided by the Infrastructure Investment and Jobs Act (IIJA) is challenging DOTs and their engineering firm ecosystems to expand capacity, including through purposeful inclusion of smaller business enterprises. In the new PennDOT contract, Bentley has proudly partnered with Pennsylvania firms Cedarville Engineering Group, llc (CEG) of Pottstown and Honor Engineer Company of Harrisburg.

Kelly Barber, P.E., Chief of the Engineering Automation and Services Division, PennDOT said, “As the Department moves toward being platform inclusive, we are looking forward to the opportunities advancing technologies will bring to the Department and our business partners, now and into the future.”

In a recent visit to Bentley’s corporate headquarters, Mike Carroll, Pennsylvania Secretary of Transportation, noted PennDOT’s leadership in embracing digital capabilities, including the advances made by Bentley Systems, to improve project delivery. Joining Secretary Carroll were PennDOT’s Acting Chief Executive Christine Spangler; Corey Pellington, Deputy Secretary for Administration; and Mike Rebert, Deputy Secretary for Highway Administration; Rep. Matthew Bradford, Majority Leader of the Pennsylvania House of Representatives; and Sen. Wayne Langerholc, Jr., Chairman of the Pennsylvania Senate Transportation Committee.

About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings, powered by the iTwin Platform for infrastructure digital twins, include MicroStation and Bentley Open applications for modeling and simulation, Seequent’s software for geoprofessionals, and Bentley Infrastructure Cloud encompassing ProjectWise for project delivery, SYNCHRO for construction management, and AssetWise for asset operations. Bentley Systems’ 5,200 colleagues generate annual revenues of more than $1 billion in 194 countries.

© 2024 Bentley Systems, Incorporated. Bentley, the Bentley logo, OpenRoads, ProjectWise, AssetWise, Bentley Infrastructure Cloud, Bentley Open, iTwin, MicroStation, Seequent, and SYNCHRO are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20240806402666/en/

Bentley Press: Chris Phillips, PR@news.bentley.com

Bentley Investors: Eric Boyer, ir@bentley.com

Source: Bentley Systems, Incorporated

FAQ

What contract did Bentley Systems (BSY) win with PennDOT?

Bentley Systems won a multi-award contract with PennDOT for state-wide civil design solutions, extending their long-standing relationship.

Which Bentley Systems (BSY) software solutions has PennDOT adopted?

PennDOT has transitioned to Bentley's OpenRoads 3D design software and ProjectWise for CADD data management to support various engineering disciplines.

How does the PennDOT contract with Bentley Systems (BSY) relate to federal infrastructure funding?

The contract aims to accelerate infrastructure projects funded by the Infrastructure Investment and Jobs Act (IIJA), challenging DOTs to expand capacity and include smaller business enterprises.

Which Pennsylvania firms has Bentley Systems (BSY) partnered with for the PennDOT contract?

Bentley Systems has partnered with Cedarville Engineering Group of Pottstown and Honor Engineer Company of Harrisburg for the PennDOT contract.