Overseas Construction Company (OCC) Ltd is a contractor in Saudi Arabia. The company has its Head office in Pakistan and its Branch office in Riyadh. OCC has been operating in the Kingdom since 2006 and has successfully completed many turnkey projects. They are a family-owned company with an ongoing passion to deliver projects that are high-quality, delivered quickly, and are profitable.
Overseas Construction Company is a leader in providing value-added construction services to their customers by creating a successful partnership with them throughout the construction process. They have an extensive record of delivering hospitals, infrastructure, housing, and mixed-used projects throughout the country. Some of their notable turnkey projects include:
OCC was in the early stages of their project, and needed to purchase high-cost materials - in particular structural steel. As is usually the case with made-to-design steel structures, the supplier required a large down payment to ensure timely fabrication and delivery. However, OCC did not have the free cash flow available to agree to such terms. Without cash upfront, the supplier was unwilling to commit to the required delivery timeline. OCC was racing against the clock and needed an immediate solution their problem.
A fellow contractor referred OCC to Buildnow. After a call with one of Buildnow’s partnership representatives, OCC agreed to try out Buildnow’s solution and applied online. Within 24 hours, they were approved for a credit line of SAR 1,000,000 and used it to release an advance payment to their selected steel structure supplier.
The advance payment allowed the supplier to work at speed, resulting in delivery before the promised schedule. This ensured OCC could keep to the promised project execution plan and maintain the satisfaction of their client.
OCC continued to use Buildnow on an ongoing basis, becoming a loyal customer since early 2022 with 12 different purchases on credit exceeding SAR 6,400,000. They have used Buildnow's services on three different projects to purchase various products, such as commercial & retail steel, concrete and MEP products. “I got credit in under 24 hours after sending in my request! Lighting quick service!”, said Mr. Umair Rauf, Managing Director of OCC.
By partnering with Buildnow, OCC was able to secure high-value materials at speed by paying the steel suppliers in advance. This has helped maintain their reputation for delivering quality yet profitable projects to their clients. A win-win-win solution for OCC, their customer, and their supplier.
