Antbuildz.com Was On The News!

This is certainly a historical milestone for us, and what seems to just be the beginning of our journey.

Singapore is Asia’s fourth most expensive market to build in. And at the same time, Singapore is also the most competitive rental market for mobile elevated working platforms (MEWPs) in the world.

With such intense competition and high cost to build, there are several pain points and inefficiencies observed in the Singaporean construction equipment rental market:

1. Equipment users are still calling up suppliers/rental companies one by one for quotations and price negotiations.

2. Many equipment suppliers/rental companies do not offer flexible rental durations to users. As a result, users are often charged exorbitant prices for short-term rentals.

3. The request for quotation process is highly non-transparent for users.

4. Lack of on-demand equipment rental insurance for both users and equipment suppliers/rental companies.

5. For equipment suppliers/rental companies, difficulties in payment collection is the No. 1 issue faced by them as the market has an unhealthy credit term practice.

6. Lack of digital channels for equipment suppliers/rental companies to market their under-utilized equipment/machinery.

7. Lack of digital solutions for equipment owners to manage their fleet efficiently.

All of the above problems could be addressed using technology by providing an online marketplace/platform for equipment users and suppliers. But apparently, the memo about digital transformations being critical somehow was never sent around to the construction industry in Singapore.

Read: SEA’s First Online Construction Equipment Rental Marketplace, Antbuildz.com, Raises SGD235,000

The rental of equipment is not as complicated as you would think. It really is just the market constantly creating the impression that renting is a difficult and tedious process. It shouldn’t be that way – it could be as simple as renting a car or renting a hotel room online! 

As the pandemic has shown us, project management is critical and delays could easily accrue, leading to thousands of dollars in value squandered. Singapore may be a highly developed country but the construction industry is lagging behind in terms of digitalisation.

Read: Singapore’s Antbuildz raises $175K in pre-seed funding

The Singaporean government has been actively pushing for companies to overcome their inertia and adopt efficient and effective digital practices. As the first construction equipment rental marketplace that is technology-enabled, we are in a prime position to help allay any concerns from firms so as to introduce the potential that can be unlocked from digitalisation

Hence, we decided to make the first move and take the first step forward.

Before Antbuildz.com, every single construction equipment rental was transacted offline in Singapore. A little over a year ago, we have successfully completed the first-ever online transaction for construction equipment in Singapore (and across South East Asia)!

Read: SEA’s first online construction equipment rental marketplace, Antbuildz.com, raises SGD235,000 (~USD 175,000) in pre-seed funding

With the fresh capital, we will look to increase our team’s headcount, improve the user experience for users and rental partners on the platform, as well as strengthen marketing efforts. The funding is a small step for Antbuildz.com, but a large step forward in our mission in making construction equipment rentals smarter for everyone and digitalizing the industry.

It might seem impossible at the beginning, but we are growing and making a meaningful impact. Our principles revolve around creating value for equipment users and suppliers.

Read: Rent Construction Equipment With Southeast Asia’s First Online Construction Equipment Rental Marketplace

Our mission has always been to digitalize the construction equipment rental industry. We believe by introducing an online marketplace for equipment rentals into the market, we can go on to further spearhead even more technology and automation adoption in the industry.

We would like to be the pioneers in leading the digital transformation of the construction industry in Singapore, and we would love to do so across South East Asia too!

We are creating value for the construction industry, and we will strive to create even more moving forward.

Looking to rent construction equipment? Visit Antbuildz.com today to check for the best daily/weekly/monthly rental rates of all equipment types instantly. You can now Search, Compare, and Rent in just a few clicks!

Be it one day only or months, every equipment rental made on Antbuildz.com will be protected with Antbuildz Machinery All Risk Insurance that offers up to S$15,000 first loss coverage. We are the only company in Singapore that covers you with equipment rental insurance, and it’s FREE!