Builk, Asia’s first free online web-based application that aims to digitise the construction industry, has received funding support from AddVentures by SCG to enhance the construction supply chain in Thailand and Asean.
Builk plans to improve the service with artificial intelligence and blockchain technology and expand its business to all 10 Asean countries.
Patai Padungtin, the chief executive officer and co-founder of Builk One Group, the developer of the construction contractor platform, said that joining hands with AddVentures by SCG as a strategic partner would boost Thailand’s construction industry to catch the global digitisation trend by fully utilising a technological platform. They aim to develop a B2B purchasing-buying process for the construction industry and expand the platform to all Asean countries.
Builk One Group, a Thai start-up, has been operating since 2009. It is the first start-up in Asia that provides the construction business management software for free.
Currently Builk.com, an online cost-control system, serves more than 25,000 small and medium-sized contractors in five Asean countries – Thailand, Indonesia, Laos, Myanmar and Cambodia.
The distinctive point of Builk.com is its cost-control feature, which helps contractors control the project’s workflow including budgeting, cost accounting, expenses and revenue via the online system. It also keeps SME contractors aware of turnover with real-time updates, and manages workflow efficiently.
Apart from Builk.com, it also has other services including Pojjaman2, Builk.com, Yello Smart Purchase, Jubili, Ploy and KwanJai.
Pojjaman2 is a cloud-based enterprise resource planning (ERP) system for large-sized contractors; Yello Smart Purchase is an online system of purchasing construction materials for contractors; Jubili by Builk is a sales management and customer relations system; Ploy is a sales-construction-transfer management system for property developers; KwanJai by Builk is a maintenance and after-sales service management for property developers.
Joshua Pas, the managing director of AddVentures by SCG, said that the contractor and construction materials business has grown continuously in Thailand and Asean.
In 2017, the total market value of construction materials among Thai contractors was estimated to be worth more than Bt68 billion. More than 75 per cent of the value was generated by SME contractors, many of whom still run their business with inefficient procurement and cost management systems, he said.
“Builk’s technology can help solve these pain points and enhance the efficiency of procurement and cost management system for an estimated 80,000 contractors in Thailand alone. This cooperation will boost the competitiveness of the region’s construction industry and help contractors reduce costs and manage their businesses in real time,” said Joshua.
Following this investment, SCG will support Builk to scale up and strengthen its marketing, distribution, logistics and supply chain by cooperating with dealer networks and penetrating international markets, where SCG has a strong customer base. Before deciding to provide funding and tightening the partnership, AddVentures by SCG made a commercial deal with Builk in the first quarter of 2018 to explore the best option to generate maximum benefit to the supply chain of construction businesses.
AddVentures by SCG was launched in mid-2017 to invest in start-ups domestically and globally. The investment was aimed at helping SCG adopt new innovations in order to boost its competitiveness and provide better products and faster services to lift consumers’ quality of life.