Peridot Mechanical Triples Annual Revenue Using the Procore Construction Network

The Challenge

Launching Peridot Mechanical began as a way for owner, John Watson, to break free from the constraints of his previous 13-year stint in residential services. This pivot represented a deliberate step towards versatility and growth in an industry that often prizes specialization, but also brought to light a harsh reality: winning new business is an arduous task, especially for a new company.

The Solution

Within just four months of joining, a new specialty contractor, Peridot Mechanical, sourced all jobs through the following calendar year through the Procore Construction Network, winning more business, expanding services and coverage areas and exceeding revenue goals, all at the same time. One project landed owner, John Watson, the largest and most revenue-generating project in his professional career. But the momentum didn't stop there. GC Paragon Construction and Associates have extended eight additional invitations to tender to-date, reflecting a solid repeatable business relationship made possible by Procore.

The Results

• Tripling annual revenue and booking the entire calendar year within months of using the Procore Construction Network
• Expanding services and coverage areas without spending on traditional marketing by sourcing all incoming business through Procore

A New Way to Network

Signing up for the Procore Construction Network was a no-brainer. It was quick, easy, free and provided a great marketing opportunity for Peridot to promote their business to Procore customers looking for their relevant skills. The Procore Construction Network provided Peridot Mechanical with its first major opportunity as a new company. Paragon Construction & Associates, a company previously unconnected to Peridot Mechanical, found Peridot on the network and extended an invitation for them to tender on a significant project – the Copperas Cove Animal Care Center. The services Paragon required were aligned with Peridot's areas of expertise and aspirations for growth, a perfect partner match that neither company had found on any other construction directory. The ease with which Peridot was able to respond to tender invitations and collaborate with Paragon via their free Procore account, plus Peridot's unique connections, enabled a cost savings of $100k compared to other specialty contractors and resulted in Peridot being awarded the contract.

Construction Management, For Free

Winning new business wasn't the only perk for Peridot. Procore's suite of freely accessible and self-guided training and certifications meant that Peridot's team could quickly master the platform, manage tender invitations and collaborate on projects throughout the course of construction – all in one place. It's a story of technology not just as a tool, but as a catalyst for growth, connection and opportunity.