Leading Panamanian Historic District Developer Tightens Cost Control with e-Builder Project Management Software

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Tightly integrated system allows Conservatorio SA to improve fund management, provide visibility to investors and ensure budgets and schedules are met.

August 13th, 2009 - e-Builder, the leading provider of integrated capital program and project management software, today announced that Conservatorio SA, a leading Panamanian developer revitalizing Panama's historic Casco Antiguo district, has selected e-Builder to streamline project management processes, tighten cost controls, and provide visibility to its lenders and investors to ensure that development funds are maximized.

Conservatorio SA is a real estate development company acting as a master developer. The firm is dedicated to the revitalization of Panama City's old quarter, Casco Antiguo, but in keeping with their holistic development approach, the firm also develops affordable housing.

Conservatorio is leveraging e-Builder's web-based project management software to automate business processes, centrally store project information, and enable internal cost controls that will enable it to take on a growing portfolio of projects, while providing visibility to investors and lenders into the management of funds. Different stakeholders, including project managers, lawyers, auditors, contractors, and investors, will access the system over the web to enter or retrieve data based on their needs.

For instance, contractors will issue and manage change order requests electronically and ensure that time sensitive responses are made according to specified deadlines. Project managers will gain visibility into potential changes to better anticipate and communicate cash flow requirements to the finance team. Conservatorio executives will have up-to-date budget, approval and anticipated cost information at all times.

About Conservatorio:

Conservatorio SA was founded on a belief that successful urban revitalization stories are about passion, thoughtfulness and entrepreneurship. Our vision is to see Panama City's historic district--a UNESCO World Heritage Site--regain its economic vibrancy and become an important cultural hub for the region while maintaining its character and social diversity. We view Casco Antiguo as an urban eco-system where each property, business and social group has a role in the overall health of the neighborhood. Because of this view, we take a holistic approach to development that we believe will create long-term value for our investors, clients, employees and community. For more information, visit http://www.conservatoriosa.com

About e-Builder:

e-Builder is the leading provider of fully integrated capital program and project management software for top facility owners and companies that act on their behalf. The company's flagship product, e-Builder Enterprise, improves capital project execution resulting in increased productivity and quality, reduced cost, and faster project delivery. Since 1995, e-Builder's technology leadership and construction industry focus has provided thousands of global companies, government agencies, healthcare and educational institutions managing billions of dollars in capital programs with solutions to improve the plan, build and operate lifecycle. The company is privately held and headquartered in Fort Lauderdale, Florida. For more information, visit http://www.e-Builder.net.

Contact:

Sergio Aranda
e-Builder, Inc.
954-556-6701
http://www.e-builder.net

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SERGIO ARANDA
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