What Happened?
Kitchener, ON-based Dozr Appointed Adeel Zaman as Chief Technology Officer
About the Company
Dozr is an equipment sharing platform revolutionizing the construction industry. For contractors the cost of owning and operating equipment is a key factor in profitability. Idle equipment is not only failing to generate revenue for its owner, it is costing them money. The high cost of ownership, restrictive financing options, and low utilization rates of a depreciating asset result in many contractors making the decision to rent instead of own their equipment. Equipment rentals provide businesses with the added flexibility of having the equipment they need when they need it (often at a moment`s notice) while not carrying the costs of the equipment over low utilization periods and having capital tied up in a depreciating asset. However rentals through a traditional equipment rental company are very expensive, leading many contractors to buy equipment that they know will remain idle for periods of time in between projects. As contractors ourselves, we understand that this is an issue of primary concern for the industry. Dozr provides an alternative for contractors by connecting owners of high quality yet underutilized equipment with our network of trusted renters who need it. Using the Dozr platform, contractors now have the ability to rent or sell their idle equipment to other verified contractors in the Dozr community. Listing equipment on the Dozr platform is easy and hassle-free and it is free to join. Contractors can feel confident renting their equipment through Dozr`s trusted network using our exclusive rental contracts and secure payment processing system. When renting is the preferred approach, Dozr makes it easy to locate, reserve, and deliver quality equipment for up to 40% less than traditional equipment rental rates.
About the Person
Adeel Zaman is Chief Technology Officer at Dozr. Previously, Adeel held various senior IT leadership roles in the industry.
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