iConstruct Aims To Disrupt The Construction Industry

iConstruct founded by Taquiddin Tamunif and Hasif Ramli, who through their work as contractors had identified a gap in the industry have created a platform for transforming the construction materials industry, connecting contractors with suppliers, creating a seamless process for both parties to buy and sell construction materials. The aim through iConstruct is to drive the inclusion of technology into the typically traditional industry, which continues to rely on contractors making countless trips to multiple suppliers throughout the course of a project, as well as dealing with materials arriving late at the construction site. Together, these outdated ways of work are causing an increase in construction cost and delays in projects. iConstructs’s B2B marketplace provides a solution to these issues, which helps to save time and money for contractors. iConstruct’s rapid growth serves as a testament to its ability to disrupt the construction materials industry. Starting the business with a capital of US$4,800 (RM20,000), it has grown over 3500% since its inception, registering up to US$120,350 (RM500,000) in monthly GMV (Gross Merchandise Value), within the first 11 months. The four-person team has successfully hit 7-figure GMV in its first eight months of operation. Instead of replacing brick and mortar stores that supply construction materials, iConstruct seeks to collaborate with them. Implementing the use of technology in an old school landscape, the marketplace offers a platform for contractors to easily get in touch with building suppliers, delivering a convenient and seamless experience for contractors to get their hands on construction materials, anytime and anywhere, even at the best price. Contractors who are looking to source building materials, can simply, simply reach out to iConstruct via their Facebook page or website. iConstruct will then get quotations from suppliers. Similar concepts have already taken flight in the United Kingdom and the United States, with companies like SpecifiedBy and Vogueboard successfully addressing the critical need to digitise the building materials industry. The company aims to strengthen its supply chain and invest more in technology, while cementing its marketplace as a game changer in the construction materials industry.