Procore runs your project.Peony runs your external diligence.
Pick Procore for active construction project execution: RFIs, submittals, daily logs, drawings, punch lists, contract management. Pick Peony for external NDA-gated diligence: owner-rep monthly reviews, lender-syndicate draws, M&A and refinancing diligence, insurance claim evidence, and litigation distribution — with page-level analytics, dynamic watermarks, screenshot protection, and per-viewer audit trails.Set up in under 5 minutes.
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Side-by-side comparison
Procore is a construction project-execution platform built for GC, owner, and subcontractor teams running active projects. Peony is a purpose-built virtual data room for external NDA-gated diligence — owner reviews, lender draws, M&A, refinancings, claims, and litigation distribution.
PeonyWhy GCs and developers add Peony alongside Procore
Most GCs, developers, and AEC firms keep Procore for active project execution and add Peony for external diligence workflows where Procore is the wrong fit. The two platforms solve different problems — and trying to use Procore as an external diligence room creates structural friction at every step of an external process.
No counterparty seat costs
Adding lenders, buyers, expert witnesses, or insurance adjusters to Procore means adding project-subscription seats. Peony issues NDA-gated links in 5 minutes — no counterparty seat cost.
Page-by-page analytics
Procore tracks task and document activity for project execution. Peony shows which lender, buyer, or adjuster read which diligence page for how long. Prioritize follow-up across 4-8 concurrent counterparties.
Dynamic watermarks at view time
Procore has no dynamic watermarking on shared diligence exports. Peony renders viewer name, email, IP, and timestamp on every page at view time — a leak traces back to the specific viewer.
NDA-gated access with e-sign
Procore project permissions are tier-based; there is no pre-access NDA gate. Peony requires every counterparty to sign your NDA via integrated e-signatures before any diligence folder loads.
When to use each platform
Procore excels at active construction project execution. Peony is the better choice when external counterparties — owners, lenders, buyers, adjusters, expert witnesses — need NDA-gated access to a curated diligence subset with page-level tracking and identity-stamped watermarks.
Choose Procore when you need
Active RFI, submittal, and drawing workflow management inside the GC team
Daily logs, punch lists, and field-mobile execution
Project budget, change-order, and contract management
Subcontractor coordination, bid management, and project financial controls
Owner-rep daily access to live project execution data
Choose Peony when you need
Owner-rep monthly progress reports with NDA-gated subset access
Lender-syndicate draw approvals with visitor-group permissions across 4-8 lenders
AEC firm M&A, refinancing, or portfolio-exit diligence with page-level analytics
Insurance claim evidence distribution to reinsurers and policyholder counsel
Construction litigation evidence under protective order with screenshot protection
Project handover packages to the eventual operator with audit trails
Subcontractor sale process with buyer-side diligence rooms
What Peony gives you for diligence that Procore was not built for
Lenders, buyers, adjusters access in 5 minutes
Adding 6-10 lender-syndicate members, 4-8 M&A bidders, or 3-5 expert witnesses to Procore means adding project-subscription seats with full project access — and ending up with the wrong tool for the wrong audience. Peony issues an NDA-gated link in 5 minutes; the counterparty signs your NDA via integrated e-signatures and reviews the curated diligence subset in browser. No Procore seat cost. No project-execution data exposed to external diligence reviewers who do not need it.
Screenshot protection
Block screen captures of sensitive diligence documents across desktop and mobile. Procore has no screenshot blocking on shared documents.
Dynamic watermarks at view time
Every page stamped with the viewer's name, email, IP, and timestamp at the moment of viewing. Procore has no dynamic watermarking — leaks of diligence subsets are untraceable to specific viewers.
NDA-gated access
Require counterparties to sign an NDA before they see a single page. Built-in e-signatures. Procore has no pre-access NDA gate at any tier.
Know exactly which slides each lender or buyer cares about
Procore tracks document and task activity for project execution. Peony shows which pages each external viewer read, time per page, and total engagement across the diligence subset. Prioritize follow-up calls based on real engagement data — useful when 4-8 lenders are running concurrent confirmatory diligence on a refinancing tranche or 6-8 bidders are reviewing an AEC roll-up.
BIM, CAD, drone footage, and point clouds in one diligence room
AEC diligence is rarely PDF-only. Peony handles 320GB+ of BIM models (Revit, Navisworks, IFC), CAD shop drawings (AutoCAD, Civil 3D), drone progress aerials and orthomosaics, point-cloud as-built scans (LAS, LAZ, E57), and project deliverables exported from Procore inside one NDA-gated room with no per-GB surcharges. See also our spoke pages for BIM, CAD, drone footage, and point clouds.
"Peony has been great for sharing documents with investors, employees, and customers. It's easy to use, good value, and new features are constantly being added. Definitely recommend!"
Ed Harris
Founder & CEO, Ligo Bio (YC S24)
Frequently asked questions
I'm a project superintendent at a $400M GC managing a stadium build — we run everything through Procore (RFIs, submittals, drawings). Why would we add a separate data room?
Procore handles your active project execution — RFIs, submittals, daily logs, drawings, punch lists, contract management. That's the right tool for the operational workflow. For external workflows where Procore is the wrong fit — owner-rep monthly reviews requiring NDA-gated subset access, lender-syndicate draw approvals where 6-8 lenders need separate visitor groups with watermarks, project-handover packages to the eventual operator, claims-evidence distribution to insurance adjusters and reinsurers, M&A diligence when the GC is being acquired — Peony Business at $40/admin/month gives counterparties NDA-gated access in 5 minutes with dynamic watermarks, page-level analytics, and per-viewer audit trails. Use both for the right purpose. 4-admin team pays $1,920/year flat for Peony — under 1% of a typical Procore project subscription cost.
Our 200-person AEC firm is being acquired by an engineering roll-up — they want to see project archives. We have 5 years of completed projects in Procore. How do we share?
For your 200-person AEC firm M&A, Procore is the wrong distribution layer for closed-project archives. Procore is built for active project execution; the buyer-side diligence team needs NDA-gated access to a curated archive subset — not your live RFI queue. Peony Business at $40/admin/month handles 320GB+ of project deliverables, BIM models, point-cloud scans, customer contracts, employee records, and corporate documents inside one NDA-gated room with no per-GB surcharges. Configure visitor groups so the buyer's commercial diligence sees revenue and customer concentration; their operations diligence sees project workflows; their HR sees employee records; their tax counsel sees corporate structure. Dynamic watermarks stamp every page with the buyer-side reviewer's identity. Page-level analytics show which buyer streams are deepest into which subset — useful for prioritizing the 60-90 day post-LOI confirmatory diligence. Peony's flat $40/admin/month covers your full corp-dev team across the entire process; legacy VDRs charge $50K-$150K for AEC roll-ups at this scale.
I'm an owner's rep at a $1.2B mixed-use development — the GC manages execution in Procore. I need monthly progress reports for the owner and the lender syndicate. What should I use?
Use Procore for what it's built for — accessing the GC's live RFI, submittal, and daily-log data as the owner-rep. Use Peony Business at $40/admin/month for the monthly owner reports and lender-syndicate distribution. Configure visitor groups so the owner sees progress milestones and exception reports; senior lenders see the full draw package with engineering progress validation; mezz lenders see the pari-passu tranche subset; equity investors see the executive summary. Dynamic watermarks stamp every page (drone aerials, milestone photos, schedule updates, draw applications) with the recipient's identity. Page-level analytics show which lender streams are deepest into the schedule risk versus the cost-to-complete estimate — useful for prioritizing follow-up across 4-8 lenders running concurrent draw-cycle review. The GC stays inside Procore for execution; you live inside Peony for external distribution.
I'm a senior insurance adjuster handling a $25M Cat-loss commercial property claim — the contractor is in Procore, but I need to share with reinsurers and policyholder counsel. Workflow?
For your $25M Cat-loss claim, the contractor's Procore is their tool for ongoing reconstruction work — appropriate. Use Peony Business at $40/admin/month for the claim-evidence distribution your role requires: drone damage footage, photo evidence, 360-degree walkthroughs, structural-engineering reports, contractor estimates, and policyholder correspondence inside an NDA-gated room with three visitor groups. Group 1 — reinsurers: loss-summary plus quantum analysis. Group 2 — policyholder counsel: damage assessment and quantum subsets. Group 3 — internal carrier-counsel: full file with privileged subsets segregated. Dynamic watermarks stamp every page (including imaging and video) with the recipient's identity — useful when claim disputes escalate to litigation. Audit trails log every view with timestamps — exportable for bad-faith defense documentation. Procore is on the contractor's side; Peony is on the carrier's external-distribution side.
I'm a partner at a 12-person construction-litigation practice — we're in a $90M defect case and the contractor's Procore export is 60GB. How do we share with experts and opposing counsel?
Procore exports give you the contractor's record-of-work, but Procore itself is not the right distribution layer for litigation work-product. For your $90M defect case, Peony Business at $40/admin/month handles 60GB+ of forensic 3D scans, drone progress aerials, BIM clash reports, CAD shop drawings, contractor correspondence, daily logs (extracted from the Procore export), and expert reports inside protective-order-gated rooms. Configure visitor groups so each expert witness sees only the evidence subset relevant to their opinion — preserving privilege and work-product. Dynamic watermarks stamp every page with the expert's name, firm, and timestamp; screenshot protection blocks captures. Audit trails log every view with timestamps — exportable for sanctions motions or work-product disputes. eDiscovery platforms (Relativity, Everlaw) are built for early-stage corpus review; Peony is the late-stage distribution layer for curated forensic-evidence subsets to experts and opposing counsel.
I'm CFO at a $300M real estate developer with 8 active projects in Procore — we're refinancing the portfolio and lenders want diligence files. What works?
For your $300M real estate developer's portfolio refinancing, Peony Business at $40/admin/month handles 100GB+ of refinancing diligence: as-built BIM models, drone progress aerials, project budgets, change-order summaries, engineering reports, environmental Phase I/II, leases, rent rolls, and operating financials inside one NDA-gated room with visitor groups segregating senior lenders, mezz lenders, equity sponsors, and rating agencies. Procore stays the right tool for active execution; Peony is the layer your refinancing process runs on. Dynamic watermarks stamp every page (including BIM views and drone footage) with the lender-side reviewer's identity. Page-level analytics show which lender streams are deepest into the schedule risk versus the operating economics — useful when 4-8 lenders are running concurrent confirmatory diligence on the refinancing tranche. Peony's flat $40/admin/month covers your 4-admin corp-finance team for $1,920/year flat across the entire process.
I'm a project finance director at a $2B infrastructure debt fund evaluating $400M of debt for a 6km tunnel — sponsor uses Procore and ACC for execution. How do we run lender diligence?
Sponsor's Procore and ACC are the right tools for active project execution by the GC and design team. For your lender-syndicate diligence on the $400M tranche, Peony Business at $40/admin/month gives 6-10 syndicate lenders NDA-gated access in 5 minutes with no Procore guest-account provisioning, no ACC subscription cost spillover, and no IT ticket per lender. Configure visitor groups so each lender's credit team sees the credit memo and ground-condition subset; their construction-risk team sees the GBR and contractor risk-allocation; their environmental team sees Phase I/II and permits; their legal team sees concession and offtake agreements. Dynamic watermarks stamp every page (including BIM views, geotechnical models, and engineering drawings) with the lender-side reviewer's identity. Page-level analytics show which lender is deepest into which subset — useful for sealed-syndicate prioritization. Procore and ACC stay with the sponsor's execution team; Peony is the lender-distribution layer.
We're a 60-person specialty subcontractor preparing for sale — buyer wants 3 years of historical project data. We've been a Procore user since 2022. Realistic to share via Peony?
Yes. For your 60-person specialty subcontractor sale, Peony Business at $40/admin/month handles 120GB+ of historical project data exported from Procore (RFI history, submittal logs, daily-log archives, project drawings, contracts, change orders), employee records, equipment inventory, customer contracts, and corporate documents inside one NDA-gated room. Configure visitor groups so the buyer's commercial diligence sees revenue and customer concentration; their operations diligence sees project workflows and equipment fleet; their HR sees employee records; their tax counsel sees corporate structure. Dynamic watermarks stamp every page with the buyer-side reviewer's identity. Page-level analytics show which buyer streams are deepest into which subset. Audit trails log every view with timestamps — exportable for post-close reps-and-warranties evidence. Peony's flat $40/admin/month covers your 3-admin sale process for $1,440/year flat — under the cost of a single billing cycle for most boutique M&A advisors at this transaction size.