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RESEARCH TRIANGLE PARK, NC-In an effort to streamline efficiencies and continue on its strong growth path, locally-based BuildNet is reducing its work force by about 20%.

The elimination of overlapping positions in administration, development and consulting results from BuildNet’s acquisition of 10 companies over the past 15 months. The reduction comes at a time when BuildNet anticipates continued growth over the next several years.

For example, BuildNet has contracted with 27 additional national builders to provide business-to-business electronic commerce services. Eighty builders have signed agreements with BuildNet to date.

Cahners Research notes BuildNet’s www.HVAConline.com community is recognized as the Website most visited by contractors in the HVAC/R industry.

Since its launch in July, HVAConline.com’s membership, comprised primarily of contractors and subcontractors, has grown 623%. The site now has about 3,000 members of the on-line community. HVAConline also has 56 manufacturers and 165 distributors engaging in e-commerce.

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