Ai
A digital platform connecting engineers, construction companies, lawyers, building material suppliers, and banks to organize construction payments and processes, ensure transparency, and protect all parties from fraud and scams in the construction industry.
The Problem
Many people in construction suffer from fraud, scams, inflated prices, use of fake/wrong materials, and difficulty choosing a trustworthy engineer.
The Solution
A digital platform connecting engineers, construction companies, lawyers, material suppliers, and banks to organize payments, ensure transparency, and protect all parties in construction projects.
Revenue Model
Monthly subscriptions, commission on each transaction, digital contract/verification fees, and bank payment processing fees.
AI Evaluation
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Reasoning
- 1Solves a real problem (construction fraud, overpricing, fake materials) that people genuinely complain about - this is a recurring issue in Kuwait's construction sector
- 2Platform aggregating multiple service providers (engineers, contractors, suppliers, lawyers, banks) risks becoming too complex and unfocused - needs clearer MVP scope
- 3Revenue model is solid with multiple streams (subscriptions, commissions, digital contract fees, bank payment fees), but may be overly ambitious for a startup
Suggestions
Focus on one core pain point first (e.g., verified engineer/contractor marketplace with escrow payments) rather than building an all-in-one platform. Simplify the MVP to contractor verification + secure payment system.
Judge Discussion
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