Procore Names COMPASS Its Preferred Subcontractor Prequalification Solution

Subcontractor financial statements stay in COMPASS; Procore receives risk scores and prequalification outcomes.

Rhea-AI Summary

Procore Technologies (PCOR) has named COMPASS its preferred subcontractor prequalification solution, expanding its partnership with Bespoke Metrics through Prequal for All. Available now to Procore customers, the offering lets project teams view COMPASS risk scores and prequalification outcomes within Procore. Subcontractors control who can access their profiles, while financial statements remain in COMPASS. The companies expect a COMPASS Risk Agent later this year.

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Key Figures

Subcontractors on COMPASS: More than 150,000 subcontractors

Subcontractors on COMPASS

More than 150,000 subcontractors

Already on COMPASS

Key Terms

model context protocol

1 terms

model context protocol technical

"connected to Procore through the Model Context Protocol (MCP)"

A model context protocol is a set of rules or guidelines that determine how a financial model interprets and applies information within a specific situation. It helps ensure consistent and accurate analysis by clarifying what data or assumptions are relevant in a given scenario. For investors, it provides clarity on how predictions or assessments are made, increasing confidence in decision-making.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Prequal for All Gives Risk Teams and Project Teams One Source of Subcontractor Risk

TORONTO, Oct. 15, 2026 /PRNewswire/ -- Bespoke Metrics today announced that Procore Technologies, Inc. (NYSE: PCOR), a leading global provider of construction management software, has named COMPASS its preferred subcontractor prequalification solution. The expanded partnership launches Prequal for All and is available to Procore customers today.

Prequal for All makes COMPASS prequalification available to every general contractor and subcontractor working in Procore. Subcontractors complete one standardized prequalification profile, keep it current, and share it with any general contractor they choose, joining more than 150,000 subcontractors already on COMPASS.

COMPASS analyzes each subcontractor's financial, safety, insurance, and operational information and produces the COMPASS Q Score (the Construction Credit Score) with recommended prequalification outcomes. Risk teams set standards and review exceptions in COMPASS, while project teams see the results in Procore, where work is bid and awarded.

"Prequalification is a critical risk management function that demands purpose-built tools and a data-rich platform," said Geoff Lewis, Senior Vice President of Product at Procore. "By deepening our partnership with Bespoke Metrics, and further integrating their insights directly into Procore's AI-powered platform, we are able to replace passive, static forms with active, modern risk intelligence. Together, we are enhancing the value we deliver to mutual customers by enabling them to make smarter and faster risk management decisions."

COMPASS is one of the first partners connected to Procore through the Model Context Protocol (MCP), the emerging standard for how AI systems share information. Bespoke Metrics and Procore are building on that connection with agentic AI prequalification, starting with a COMPASS Risk Agent expected later this year. From bid to award, this new agent will enable project teams to see where every subcontractor stands without leaving Procore.

The principle is simple: risk intelligence should travel, sensitive data should not. Subcontractors control which general contractors can see their COMPASS profile, and their financial statements stay in COMPASS. What reaches Procore is the result: the Q Score and prequalification outcomes.

"Lenders don't lend without a credit score. Yet construction still qualifies most of its trade partners with a stack of forms," said Michael Ho, Founder and CEO of Bespoke Metrics. "Making COMPASS the preferred prequalification solution inside Procore puts an independent risk rating at the center of how contractors choose who they build with. That's good for general contractors, and even better for the subcontractors who earn it."

About Bespoke Metrics

COMPASS by Bespoke Metrics is the largest global construction prequalification network, connecting 400+ general contractors and 150,000+ subcontractors across 33 countries and representing more than $1 trillion in annual construction volume. COMPASS applies a standardized approach to data collection, verification, and subcontractor assessment to manage risk across the construction supply chain. Subcontractors maintain one secure profile, control which General Contractors can access it, and generate their COMPASS Q Score (the Construction Credit Score) reflecting their operational expertise, financial capacity, and health and safety track record. Learn more at compass.bespokemetrics.com. 

View original content:https://www.prnewswire.com/news-releases/procore-names-compass-its-preferred-subcontractor-prequalification-solution-302909126.html

SOURCE COMPASS Holding Canada Inc.