The cost of transacting is high. The creation of a fully searchable, attribute based catalogue content management system with open XML standards. Benefits Long term the outcome will be a reduction in working capital requirements, lower cost of goods through a more economic utilisation of the industry resources. The market place will initially be buyer driven to create demand, however the benefits will be delivered to suppliers and trade contractors to ensure their traction to the marketplace. Because the limitations of geography do not apply manufacturers have access to wider markets for their products.
Suppliers have the option to maintain their own content including prices.
Asite's materials catalogue will offer static and dynamic pricing. Asite will offer an electronic tendering process to allow construction managers and general contractors to tender the individual project trade packages. Asite will offer a forward auctioning process to any supplier to auction off excess inventory. Asite will offer reverse auctioning process to any buyer that would like to negotiate pricing, in real-time, for supply of simple materials. For example, a large buying organisation might auction its demand for plasterboard across its multiple construction projects.