Standard Pacific Enters into E-Commerce Alliance with BuildNet.

Business Editors/High Tech Writers

RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--March 14, 2001

BuildNet to Supply Standard Pacific With Integrated

Business-to-Business Capabilities;

Standard Pacific to Encourage Adoption of BuildNet

BuildNet, a leading provider of supply chain-wide information synchronization for the annual $800 billion U.S. construction industry, and Standard Pacific Corp. (NYSE: SPF), one of the nation's largest public homebuilders, today jointly announced that BuildNet has entered into a contract with the Dallas division of Standard Pacific to provide business-to-business electronic commerce services.

Under the agreement, BuildNet will provide Standard Pacific with business server connectivity and e-commerce solutions, including the capability to request prices and quotes, issue purchase orders and process invoices. BuildNet plans to link Standard Pacific's back-office or enterprise resource planning (ERP) system to the ERP systems of their building material dealers through the BuildNet Exchange. Standard Pacific uses the Lloyd's project management system in its Texas operations, one of BuildNet's leading project management solutions.

"Standard Pacific is widely recognized as a leading builder of move-up homes and is an innovator of product design," said Nathan Morton, BuildNet CEO. "The agreement between BuildNet and Standard Pacific demonstrates that they are also committed to using new technology to improving the quality of their homes and the quality of their customer's new home experience."

About Standard Pacific Homes

Standard Pacific, one of the nation's largest public homebuilders, has built homes for more than 43,000 families during its 35-year history. Standard Pacific focuses its efforts on constructing move-up homes within a wide range of price and size with homes generally selling for $150,000 to over $1 million. Standard Pacific operates in some of the strongest housing markets in the country with operations throughout the major metropolitan areas in California, Texas, Arizona, and Colorado. Standard Pacific also provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Family Lending Services, SPH Mortgage, WRT Financial and SPH Title. For more information about Standard Pacific and its new home developments, visit www.standardpacifichomes.com.

About BuildNet, Inc.

BuildNet, Inc., located in Research Triangle Park, N.C., is a leading provider of supply chain-wide information synchronization for the annual $800 billion U.S. construction industry. BuildNet offers information synchronization through its Internet-based transactions, its widely used enterprise resource planning and project management software systems, its Portal Group, and its Web site, BuildNet.com, which delivers electronic catalogs, construction-related applications, business intelligence, and financial services. BuildNet also allows users to engage in integrated e-commerce with any other BuildNet-enabled user or allied trading partners, as the Company automates and synchronizes their key business activities, including scheduling, bid management, collaboration, procurement, and logistics. BuildNet also provides connectivity solutions for each link in the supply chain, enabling the right products and services to be delivered to the right places at the right times and at the lowest possible cost, a much-needed service in the highly-fragmented construction industry.

BuildNet provides the deepest domain expertise in the construction industry and presently has thousands of customers implementing its applications. Its aggregated software customer base among home building contractors alone is over 60% of U.S. single-family home closings. Its dealer/distributor systems, provided by BuildNet subsidiary, NxTrend, are used today by 86,000 users within 900 local and national businesses, including three of the nation's top ten construction suppliers; four of the nation's top ten electrical product distributors; and three of the nation's top ten wholesalers of plumbing and HVAC products. BuildNet's warranty claims company, KPI, provides electronic warranty claims services. BuildNet's Portal Group optimizes the supply chain using an Open Commerce Server transaction engine that simplifies the transaction flow for all members of the industrial distribution, PHAC, electrical distribution, and contractor communities, as it provides three levels of back-office enablement, including e-mail or fax, EDI or batch file transmissions, and XML communications. For more information about BuildNet, visit www.buildnet.com.