Procurement is the biggest untapped lever in construction.
Priceo exists because the way contractors buy materials hasn't fundamentally changed in thirty years, and it's costing the industry billions.
Why we're building Priceo.
Construction procurement is a trillion-dollar problem hiding in plain sight. Materials make up 40 to 60% of project costs. Prices vary by 10 to 30% between suppliers for the same goods. Most of that variance is invisible to the buyer because comparing quotes properly takes hours of manual work, and most teams don't have those hours. So they pick the supplier they used last time, sign off, and move on.
Priceo is built to change that. Not by giving buyers yet another tool to manage, but by taking the entire process off their plate. Upload a tender, wait while we run the procurement, accept or reject the optimised price. No workflow. No learning curve. Just better pricing.
The opportunity.
Global construction materials procurement market, growing 5 to 7% per year.
Electrical materials segment alone, our launch category.
Price dispersion across suppliers for the same materials, today.
Mid-term vision.
The leading managed procurement service for construction, globally.
$500M+ of electrical materials optimised through the platform.
500+ active projects across multiple countries.
$10M+ annual revenue on a transaction-based model.
What sets Priceo apart.
There are other players touching procurement in construction. None of them are doing what we do.
| Player type | Examples | What they do | Their limit | Where Priceo fits |
|---|---|---|---|---|
| Electrical distributors | Rexel, Sonepar | Sell and deliver materials | Optimise their sales, not your buying power | Independent, buyer-side |
| Procurement software | SAP Ariba, Coupa | Manage internal workflows | Requires you to do the work. Built for one company. | We do the work. Cross-company volume. |
| B2B marketplaces | Amazon Business, Alibaba | Catalogue-driven supplier access | Not built for construction tenders | Tender-to-delivery workflow |
| Purchasing groups | Cooperatives | Pool buying via static contracts | Static, not dynamic per project | Real-time demand aggregation |
Priceo is the only managed procurement service that does the work for you and gives you the leverage of pooled volume across the platform.
Get in touch.
General
contact@priceo.build
Phone
+1 (438) 531 7367
Investors and partners
contact@priceo.build