Why Housing Societies Need a Procurement Marketplace

Why housing societies need a procurement marketplace

Indian housing societies spend lakhs every year on security, housekeeping, lift AMC, and civil works — often awarded through informal WhatsApp threads. That creates three recurring failure modes: favouritism allegations, one-page contracts with no SLA, and zero institutional memory when the committee rotates.

Pain points committees face

• Allegations of favouritism — no structured tender, no published comparison table.
• Weak contracts — verbal deals with no scope, payment schedule, or termination clause.
• Lost history — new committee cannot see past quotes, awards, or vendor performance.

How structured procurement fixes this

Publish an RFQ with a deadline, collect comparable quotes, shortlist transparently, run a poll if needed, document a non-lowest award reason, and store the signed contract on-platform.

Start with Plinth procurement