Online formwork procurement will add value to the supply chain

According to Subash Arunachalam, Founder & Director of FormBid, pricing should not be a limiting factor in using a formwork system or material selection.

How do you assess the need for online formwork procurement?
We are aware of the importance of procuring formwork materials. We facilitate the connection between buyers and suppliers and the quick and secure discovery of formwork and related goods through an online channel. Our online formwork procurement platform is designed to be simple and easy to use without any training. Therefore, we think it would change the way things are done now in the supply chain for the construction industry, pushing companies to go online.

What steps do you take to ensure clients obtain high-quality formwork for their projects?
Formbid online platform supports tracking each order across various departments throughout order fulfilment. Quality assurance and control make up a significant department. Based on each product category, we create metrics specifically for quality control. Since we collect the data for quality control from the beginning of project order fulfilment, all of our suppliers can vouch for maintaining higher quality standards with more transparency.

How does pricing influence formwork material selection?
For many years, pricing has been one of the most important factors influencing a form’s decision. However, we at Formbid believe pricing should not be a limiting factor in using a Formwork system or material selection. We assist every buyer in adopting the appropriate formwork system for their project, which benefits them and fits within their budget, using the right tools and team.

Adding cost-effectiveness to online procurement platform
Formbid is more than just another online procurement platform; we want to add value to the entire formwork supply chain. We reduce the total cost of formwork construction by 20 percent per project by providing the proper support in system identification, quantity optimisation, and benchmark commercials. Furthermore, the man-hours saved for each team can be used in more creative ways for their upcoming projects.

What are your thoughts on the internet platform for used and recycled formwork?
Depending on the project, used and recycled formwork has advantages and disadvantages. When using used and recycled formwork materials is feasible, our team will support the process as if it were any other. Our mission is to maximise the potential of formwork in each project, whether the formwork is new, used, recycled, or rented.