How We Helped Clients Save Up to 40% on Material Cost
MaterialsPro
May 14, 2024 - 3 minutes
One of the biggest challenges in the construction industry is inaccurate estimation and uncontrollable project cost rising from material price increases with serious impact on the final cost and project timelines.
At the risk of sounding immodest, one can say that the building contractors not leveraging @MaterialsPro's innovative procurement solutions are short-changing themselves.
But why not?! We're consistently helping clients save up to 40% on their budget that would have accrued should they choose otherwise.
Amidst the recent hyperinflationary trend in not just the construction industry but across sectors of the Nigerian economy, @MaterialsPro's customers are taking full advantage of our price lock down feature, for instance, to effectively manage their budget.
Sample Customers Brief
A quick example to share is that of ABC contractors (real name withheld, to protect the innocent). The construction company called in for our contract on price lock down which yours faithfully gladly obliged them.
They wanted a supply of 1800 tons of Aggregate to be delivered over a period of 4 weeks. They locked in the invoice and pricing accordingly. We commenced delivery to the client's site as scheduled over following days and completed as scheduled.
Result
Within this period, there was consistent price increases but, as you would imagine, such increases did not impact ABC contractor's budget for the said Aggregates. In fact, we were able to save ABC contractors over 35% of the material cost which they would have had to incur had they decided to make procurement on a need to use basis.
Recommendation for Construction Professionals
Are you a building contractor? Then, stop sitting on the fence! Take proactive steps today to manage your cost, so that you don’t consistently seek approvals for cost variations when work should be gradually progressing. It is our focus to enable building contractors to deliver projects on time and budget and we’re positioned to do just that for you too.
Want to learn more about how we can help? Reach out to us today. Send an email to info@materialsPro.ng; Call - 09165407978 Or Visit www.materialspro.ng