House construction company in the Philippines

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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.

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.