1Build Construction API
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A real-time API service that provides accurate construction material pricing data, helping contractors and builders estimate project costs. The service transforms offline construction pricing data into structured, queryable information that updates in real-time.
Key Points:
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Core Problem Solved:
- Construction cost estimation is currently manual and outdated
- Material costs have high variance and affect project budgets significantly
- No real-time pricing data exists for accurate cost estimation
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Solution:
- Upload construction plans to get instant, accurate cost estimates
- API provides real-time material pricing data
- Tracks price changes over time
- Allows for quick cost comparisons when swapping materials
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Technical Implementation:
- Converting all construction materials into structured SKUs
- Building price feeds from various suppliers and vendors
- Creating queryable API for real-time price data
- Enabling location-specific pricing
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Target Customers:
- Builders
- Cost estimators
- Construction companies
- Contractors bidding on jobs
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Market Size:
- Construction material costs exceed total ecommerce market
- Trillion-dollar+ market
- Currently mostly offline/pen and paper
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Business Traction:
- Already generating 7 figures in ARR
- $50M+ valuation
- Limited competition in the space
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Future Potential:
- Add marketplace functionality
- Enable direct purchasing through platform
- Connect suppliers directly with buyers
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Key Challenge:
- Converting traditional construction industry from pen and paper to digital
29:10 - 34:49
Full video: 55:04SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.