Story image

New peer-to-peer platform aimed at Kiwi contractors

15 Mar 16

The construction sector can now dip their toes into the peer-to-peer sharing world, with a new platform being launched in Auckland aimed at connected contractors.

Missouri-based company EquipmentShare offers contractors an online peer-to-peer platform for sharing construction equipment such as excavators and bulldozers.

Michael White, general manager New Zealand, says EquipmentShare, a New Zealand first in the construction sector, is all about creating shared value and efficiency.

“It’s all about maximising the value of unused assets. Our online platform allows contractors to rent their equipment to others within the industry, creating an income from otherwise unused equipment between jobs,” says White.

The company takes care of all the logistics, including payment processing, delivery, maintenance, and insurance.

White says the new platform offers benefits to companies of all sizes across the industry.

“Our service provides simple access to a wide range of equipment at very competitive rates compared to those of traditional rental companies,” he says.

“This will be especially beneficial to smaller contractors, where every dollar counts.

“The service also introduces contractors to a new way of operating that drives efficiency,” says White.

“The current equipment ‘modus operandi’ for large construction companies is inefficient as they have no choice but to be geared for the peaks and inevitably over-gunned the rest of the time,” he explains.

“Our lending model hopes to smooth these peaks and troughs.

“Every day that a piece of machinery sits still it costs the owner money in interest, maintenance, insurance and storage. Our aim is to make owning machinery more economical, and expansion and upgrade of a fleet more achievable,” White says.

White says expansion into markets beyond Auckland is on the cards.

“Right now we’re looking for partners to help us expand quickly to Christchurch."

The company is also targeting Hamilton and Tauranga in the coming months, he says.

52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
GirlBoss wins 2018 YES Emerging Alumni of the Year Award
The people have spoken – GirlBoss CEO and founder Alexia Hilbertidou has been crowned this year’s Young Enterprise Scheme (YES) Emerging Alumni of the Year.
SingleSource scores R&D grant to explore digital identity over blockchain
Callaghan Innovation has awarded a $318,000 R&D grant to Auckland-based firm SingleSource, a company that applies risk scoring to digital identity.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.
Spark Lab launches free cybersecurity tool for SMBs
Spark Lab has launched a new tool that it hopes will help New Zealand’s small businesses understand their cybersecurity risks.
Preparing for the future of work – growing big ideas from small spaces
We’ve all seen it: our offices are changing from the traditional four walls - to no walls. A need to reduce real estate costs is a key driver, as is enabling a more diverse and agile workforce.
Bluetooth-enabled traps could spell the end for NZ's pests
A Wellington conservation tech company has come up with a way of using Bluetooth to help capture pests like rats and stoats.
CERT NZ highlights rise of unauthorised access incidents
“In one case, the attacker gained access and tracked the business’s emails for at least six months. They gathered extensive knowledge of the business’s billing cycles."