Surplus.lk dedicated to engineering sector needs | Sunday Observer

Surplus.lk dedicated to engineering sector needs

Chairman and Directors of Surplus Web Portal at the press conference. From left – Director Nalin Manorathne, Chairman Riyad Ismail, and Directors Janak Edirisinghe and Duminda Perera. Picture by Vipula Amerasinghe
Chairman and Directors of Surplus Web Portal at the press conference. From left – Director Nalin Manorathne, Chairman Riyad Ismail, and Directors Janak Edirisinghe and Duminda Perera. Picture by Vipula Amerasinghe

Surplus.lk, Sri Lanka’s newest online platform dedicated to the needs of buyers and sellers in the engineering sector was recently launched. It aims to address the escalating and crucial need to trade in industrial and construction surplus items. Surplus.lk has been launched as an innovative online marketplace, accessible in all three languages.

It provides an ideal solution for individuals and corporates to transact and benefit from selling, buying or renting construction and industrial inventory and services in one unified website, where they can display any number of their products/services for any length of time in their own designated webpage. This service is offered free.

Arguably, there has been no easy option for individuals, retailers and even larger corporates to dispose of their excess construction or industrial material and equipment. Customarily they would hang onto the excess for long periods, until some use presents itself or have to rely on a middleman like a scrap merchant to dispose such items at scrap value.

Surplus.lk aims to provide

Sellers an opportunity to eliminate their surplus inventory and similarly offer potential buyers the opportunity of sourcing of surplus inventory and services at a fraction of the original cost.

For buyers too, both large and small contractors, corporates and even the general public, the site provides a convenient platform on a wide range of products and services and a variety of information on them.

The site thus serves as the perfect platform for bringing buyers and sellers together and facilitating the movement of surplus construction and industrial goods and services and ultimately reducing the impact to the environment by reusing materials.

Surplus,lk also provides a rating application where buyers can rate the sellers and service providers based on the level of service received. This would help improve the overall service levels of sellers and service providers.

Covering the entire breadth of the engineering sector, the platform offers categories such as Services and Resources, Building Material, Building Products, Industrial, Tools and Equipment, Rental and many more, Surplus.lk provides sellers with an opportunity to turn their clutter into cash.

A vast range of building materials and building products for example, bricks, welding rods, ready mix and even excavators and forklifts in the industrial category are listed on the site.

“This is a strong signal to the entire industry whether large or small players that innovation in the management and monetization of inventory is evolving.

Surplus.lk as a B2B or B2C portal is designed to simplify the way buyers and sellers with excess supply connect more quickly, dispose their stock and turn surplus stock into profit” mentioned, Riyad Ismail, Chairman, of Surplus Web Portal (Pvt) Ltd.

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