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Parspec

Parspec

AI-native quoting, submittals, and project management platform for MEP distributors.

Parspec Overview

Parspec provides an AI-native platform to streamline quoting, submittals, project management, and customer visibility. It automates RFQ ingestion and extracts structured bills of materials from drawings, schedules, and other formats, eliminating manual entry. A single line-level bill of materials flows from quote through closeout. The platform manages projects from quoting to billing in one system. Product Finder uses AI to suggest spec-compliant alternatives based on requirements and selection history. Submittals automate BOM extraction, cut-sheet matching, and annotations.

Parspec Features

Automatically ingest RFQs and extract structured bill of materials from drawings, schedules, and other formats Product Finder suggests spec-compliant product alternatives matching requirements and selection history Create professional submittal packages with automated BOM extraction, cut-sheet matching, and annotations Manage full project lifecycle from RFQ to closeout in a single system Quoting with real-time pricing and workflow continuity from specification to closeout

How It Works:

  • Users input project specifications or product requirements.
  • AI maps requirements to a structured product catalog.
  • System identifies compliant or equivalent construction products.
  • Quotes are generated based on selected product configurations.
  • Teams manage submissions and approvals in a centralized workspace.
  • Post-award execution tracks orders, deliveries, and updates.
  • Contractors and distributors receive real-time project visibility. 

Pros & Cons

Pros:

Automates manual BOM entry, reducing errors and accelerating quoting

Preserves line-level bill of materials continuity from quote to closeout

Extracts requirements automatically from design specs, schedules, or cut sheets

Supports faster product discovery with AI recommendations

Cons:

Requires upload of quotes and schedules for automation to function

Limited to spec-compliant alternatives within supported manufacturers

Company

Parspec

Contact

N/A

Headquarter

San Francisco Bay Area, California, USA

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