Closeout is where general contractors burn unbilled weeks and where retainage goes to sit. It has also been almost entirely untouched by the AI wave that hit preconstruction two years ago.
Procore’s answer, announced August 5, is Asset Register, now generally available inside Procore Asset Management. The premise is simple enough to state and hard to execute: capture inspections, warranties, manuals, RFIs and as-built drawings against each installed asset while the work is happening, rather than assembling all of it in the last six weeks of a job.
What ships, and where
The module went live simultaneously across North America, EMEA and APAC. It gives teams a centralized searchable register, mobile and QR-code field updates, a full audit trail from installation through handover, and structured exports into owner maintenance systems. Three-dimensional BIM asset viewing is live in the UK and Ireland now, with general availability planned for fall 2026.
“Construction teams generate thousands of decisions and data points about every critical asset over the life of a project, but too often that information lives in disconnected systems until the very end,” said Geoff Lewis, Procore’s SVP of Product. The goal, he said, is “replacing traditional binder dumps with a streamlined, digital handover for contractors.”
Kira Henderson, director of operations support at Altus Power, described the before state: “Historically, procurement and inventory management have been a lot of work for our team. It gives our technical teams visibility from design through project handoff, bringing all our asset data into one place instead of separate systems.”
Regulation is writing the product roadmap
Procore is explicit that Asset Register is a pillar of its Europe Common Data Environment and compliance infrastructure for the UK Building Safety Act’s Golden Thread requirements. That’s worth sitting with. British regulation is shaping software architecture that American contractors will inherit by default, because vendors build one product and sell it everywhere.
The strategic read is the AI angle, which Procore states plainly. Agents can’t do useful work on a project whose records only become structured at handover. Asset-level data during construction is the substrate. Whether that pitch converts depends on field adoption, and field adoption of anything that adds a step at installation has historically been the hard part.
The projects that need this most are the ones handing over thousands of tagged assets into an operating facility. See the Bon Secours St. Mary’s critical care tower, where 44 ICU beds and six operating rooms tie into a hospital that never closes.