A startup based in Edmonton is applying a tech-driven approach to construction procurement.
Alberta’s QuoteToMe streamlines the purchasing of construction materials in order to reduce overhead, increase profit, and simplify the process for general and sub-contractors who order materials, equipment, and services from the field.
“With QuoteToMe, you get the best price on materials and equipment by easily requesting multiple quotes, and save field and accounting teams hours daily with digital PO issuing,” the company promises online.
QuoteToMe claims to save users an average of two hours per construction purchase order, as well as an average of 18% in savings on materials and equipment.
The AI-powered platform also assists with receiving goods, improving visibility on orders and digitizing and automating the flow of paperwork.
In addition, the platform integrates with other industry software programs including Viewpoint Vista and Procore, allowing you to pull project, supplier, and cost code information into QuoteToMe, according to the company.
Upcoming integrations include Sage 300 CRE and Quickbooks Online, the firm says.
The company was founded by John Chabluk, who serves as chief executive.
“Forward-thinking industry leaders have already embarked on the journey of implementing solutions and tools to supercharge project efficiency,” he stated recently. “Let’s work together to transform our industry, embrace innovative solutions, and build a brighter, more efficient future together.”
QuoteToMe secured a $1 million pre-seed round in 2020 and a $2.5 million seed round in 2021 to fuel its mission, and was this year recognized by nonprofit Proptech Collective as part of an annual analysis of Canada’s ecosystem.
The startup is a key ingredient of Alberta’s increasingly vibrant prop-tech scene, which is now the fourth largest ecosystem in the nation and projected to grow further still.
As technological disruption of real estate emerges recently but rapidly, it’s no surprise that, over the last decade, between 30 and 55 new prop tech firms have been founded in Canada each year.
Should this trajectory continue, Alberta can expect at least 3 to 5 new startups disrupting the real estate sector each year.
And this figure may be conservative, considering that the need for prop-tech startups is perhaps higher than ever, according to Stephanie Wood, who headed the report for Proptech Collective.