"By using Buildnow, I made a net gain of SAR 16,000 on my SAR 1 million purchase of steel"

Muhammad Akram
Modern House

Modern House Contracting Company is a local Saudi construction firm that is considered one of the top leaders in implementing the newest fast-track technologies in construction. Their modern construction techniques ensure the effective delivery of cost-effective, high-quality projects within the shortest possible time.

Their team consists of a mix of qualified engineers and technicians who efficiently work on different projects throughout the country, in addition to 400+ skilled workers who specialize in various construction and finishing fields.

Problem

Modern House Contracting Company faced challenges in purchasing construction materials in bulk to obtain better prices. Finding the right supplier and negotiating favorable terms, if possible, were time-consuming tasks. To streamline their supply chain and make bulk purchases that unlock the cheapest prices, they needed upfront cash.

Solution

Modern House Contracting Company found Buildnow through other happy customers and decided to give it a try. The digital platform made the application process easy and efficient. Modern House Contracting Company was approved for 1,000,000 SAR worth of steel within seven days with a two-month credit duration. They had the flexibility to buy this from any supplier, which gave them more control over their purchasing decisions.

The Outcome

Modern House used credit from Buildnow to purchase from a supplier offering the greatest discount for bulk purchases and 100% cash payment terms. They utilized Buildnow for several projects, including:

  • Al Mashraqiyyah 224 townhouse project in Riyadh
  • Al Tarek (6 residential towers) in Madinah
  • Sikak Najd multiple housing complexes in the north of Saudi Arabia

The results of using Buildnow were impressive - on their first order, they received an additional discount of 4.6%. “By using Buildnow, I made a net gain of SAR 16,000 on my SAR 1 million purchase of steel, even after fees. They allowed me to get the best terms,” said Muhammad Akram.  Bulk purchases also saved time that may have gone to managing multiple procurement requests, and allowed their team to work efficiently without the regular stoppages that arise due to lack of materials.

Modern House has been a loyal customer of Buildnow since early 2022 and has used the service for multiple projects and products worth over SAR 7,000,000.

By using Buildnow, Modern House Contracting Company streamlined their supply chain and made bulk purchasing easier. They saved time and money, and they were able to focus on their core business of delivering high-quality construction projects. Buildnow proved to be a valuable partner and helped Modern House Contracting Company achieve their goals of cost-effective and efficient construction.

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