Step into Construction 4.0 with the National Construction Cost Centre and Speedbrick
Knowledge is a powerful tool–understand what Big Data is, how is it relevant to you, and how you can leverage Big Data to take your construction business to the next level.
Making a wrong decision can cost you millions! Yet, would it surprise you that many in the construction industry are making decisions based on their gut feeling?
We make a lot of cost decisions during the tendering and procurement processes. We need data to make decisions, such as labour cost, material cost, purchasing cycles, price trends, subcontractor prices, and more.
Yet, data is always unavailable when we need it.
For example, when tendering for a project, contractors will have to review the latest material price, call the supplier and ask for the latest quotation, check the procurement system or even ask the purchaser to find out the current price of a material. This will be repeated for almost all materials, and the same happens when trying to obtain the best subcontractors’ services.
Wouldn’t it be amazing when you can have access to the entire country’s construction cost, accessible with just a few clicks? You would make better costing decisions. Better decisions lead to much improved chances of winning projects. Who wouldn’t want that?
What if you had access to the entire Malaysia construction cost data?
Yes, it’s true. You can have access to the country’s construction data, with a few added bonuses:
- ✓ 24/7 availability
- ✓ Latest cost data and trends at all times
- ✓ One-stop data centre so no more time wasted on searching and organising your information
- ✓ Accessible however you need it, through mobile phone or even desktop computer
N3C is a data centre comprising the entire construction industry’s cost data, such as materials cost, labour wage rates, machinery hire rates, equipment purchase cost, and build up cost. The data is sorted by states and period, dating as early as 2008. The data centre is constantly updated, ensuring up-to-date cost data at all times.
These data are processed, organised, and easily visualised, enabling you to make better pricing decisions.
Having the nation’s construction cost data is a gamechanger on how you make pricing decisions and win more jobs.
SIGN UP FOR FREE
Sign up now to access Building Material Price, Labour Wage Rates, Machinery Hire Rates and Equipment Purchase Price for FREE today
FIND OUT MOREConstruction 4.0: Go Digital with the No. 1 Construction Management App in Malaysia
Managing a construction company is hard—projects must be delivered on time and within budget. This means you have to read a lot of reports, so much so that you can lose sight of critical and urgent information.
What if you can manage your project’s cash inflow, procurement, and subcontractors all under one platform?
The Speedbrick Construction Management App can do all these for you: digital procurement, subcon management and main claims management, among many others. It means getting the whole company to use Speedbrick to get things done.
With automatically compiled and processed data, managers can see the clients’ payment progress and project expenses all in a financial dashboard.
Read Speedbrick’s Case Studies
Case Study 1: Kamal Engineering Sdn Bhd
After 1 month of usage
Overall: 54.5% more productive
| Before Speedbrick | After Speedbrick | Results |
|---|---|---|
| 40% PO issued with MR | ▲ 87% PO issued with MR | Increased accountability by 47% |
| PO approval takes up to 3 days | ▲ 92% same-day PO approval | Increased efficiency by 300% |
Case Study 2: HAB Construction Sdn Bhd
After 6 months of usage
Overall: 15.5% more productive
| Before Speedbrick | After Speedbrick | Results |
|---|---|---|
| 65% PO issued with MR | ▲ 100% PO issued with MR | Increased accountability by 35% |
| PO approval takes up to 3 days | ▲ 71% same-day PO approval | Increased efficiency by 200% |
Digitalisation is No Longer A Luxury, it is a Need
Modernising your workflow is more urgent now than ever, especially with the pandemic hitting several industries, particularly construction. It is no wonder that most construction companies are experiencing some of the impacts caused by the pandemic.
Site and resource management are frustrating and cause frequent misunderstanding
- Project cost estimations take up so much time and effort
- Team performance declines
- Cost overruns happening frequently
These problems are clear signs that your business is struggling to adapt to the virtual workflow, which means that you have not digitalised your processes.
With rapid urbanisation these days and no signs of stopping such projects, the traditional pen-and-paper construction companies must quickly catch up or risk losing to competitors who have already transformed their businesses digitally.
GET ON BOARD TODAYData is the New Gold, and Digitalisation Needs Data
Data is not just some spreadsheet with a lot of numbers and dates. We cannot fully understand the vast size of data that is already in our organisations—QS budgets, accounting, purchase orders, subcon certificates, all of these are valuable data waiting to be turned into useful insights and impactful actions.
N3C’s data offerings contain cost data collected from every state and as early as 2008 until today. Speedbrick’s products maximise project data, so you can quickly identify risks and monitor project performance with just a click.
Industry players who have digitalised their processes and use data meaningfully have experienced positive impacts in their construction businesses.
Embrace data today!About BCISM and Speedbrick
BCISM (a collaborative effort of CIDB and RISM), and Speedbrick are working together to bring more value to construction players. Jointly, we strive to help contractors to go digital and utilise construction cost data to its fullest potential to win more jobs, prevent cost mistakes and be more competitive.
To kick off this collaboration, we are offering a special introductory package: Every new N3C subscription will be entitled to 6 months free subscription to Speedbrick (terms and conditions applied). This package is for a limited time only. Contact us through the form below to find out more.
See Speedbrick and N3C in action
Schedule a free demo with us to see how we can make data work for you.