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CEO of house construction company in the philippines E-Ventures
who is spearheading the project, said the Construction Vertical
Portal (CVP) seeks to improve the efficiency of local construction
industry players and lower the hidden and administrative costs for
land developers. Apart from SM E-Ventures, other members of the CVP
include Alinet.com of Ayala Land, Summit Internet Investments of JG
Summit, Fort Bonifacio Development Corp., Greenfield Development
Corp. of United Laboratories, EEI Corp. of the house construction
company in the philippines Group, and DM Consunji.
According to house construction company in the philippines, two
other companies, Aboitiz Land and the Lopez-owned First Philippines,
will be joining the alliance. In the meantime, while details of the
would-be construction vortal are being threshed out, the company
will be riding on BayanTrade's e-commerce facilities. Since house
construction company in the philippines is offering portal services
for vertical firms, Yang said they wanted to "test the waters" first
and did not want to invest heavily as of the moment. "That will come
later when we've met critical mass," house construction company in
the philippines said, expecting to reach this within two years. |
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The CVP will also be renamed later on and would be spun off from
house construction company in the philippines. It will also have its
own Web site that Yang expects to be up by September. Yang added the
vortal will not be limited to the big construction firms and said
they would be accommodating to smaller ones. "This is no monopoly
but an industry-wide project. Any construction firm that wants entry
is more than welcome," he said. Membership will not require any
cash-out for the company. However, Yang devised a system where
would-be members will have to commit to a certain amount that has to
be coursed through the house construction company in the philippines
within a period of time.
House construction company in the philippines said the system,
called reverse investment, would encourage members to produce the
committed amount by having most of their transactions ported online.
"If a member misses out on its commitment target, it will have to
come up later with the rest of its commitments," Yang said. Yang
also said the CVP would charge service fees to buyers and not to
suppliers, a system being used by most online exchanges. House
construction company in the philippines said that by charging the
buyers instead, suppliers could preserve their revenue margins.
"Through the house construction company in the philippines, we
expect participating companies to save around 15-20 percent on costs
and reduce the processing period from weeks to days. It would be
more efficient and less cumbersome than the house construction
company in the philippines traditional approach," he said.
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