GearBid

Watch

See GearBid in action

Animation ▶ The core flow, animated

6 languages ▶ Our proven track record

Proven Track Record

We've been doing this offline — for years

GearBid is not a cold start. It digitizes a live equipment-brokerage business ACCEL has run for blue-chip contractors across Thailand, Myanmar and Laos since 2014 — from 25-ton rough-terrain cranes to a 500-ton crawler crane, on a supplier network 40+ deep.

Equipment supplied to

130-ton mobile crane sourced and dispatched for a client project.

Tower crane erection on site — Tower-crane erection at a POSCO E&C site in Pak Chong.

ACCEL inspecting equipment — ACCEL inspecting a tower crane in the yard before dispatch.

Trust scores, backed by real verification

Long before GearBid's trust score existed, ACCEL was already vetting every asset — third-party safety inspections and BS EN load-test certificates on cranes and rigging. GearBid's supplier trust score simply digitizes a discipline we have practiced for years.

Third-party crane safety inspection certificate

The Opportunity

A fragmented market, ready to be organized

Equipment rental in Thai construction still runs on phone calls, paper notes, and personal contacts. The work gets done — but at the cost of time, transparency, and asset utilization.

!

Manual Quoting

Contractors spend hours phoning suppliers one by one, then compare apples to oranges across rental, transport, fuel, and operator terms.

$

Opaque Pricing

Quotes vary widely between operators. With no transparent benchmark, both sides negotiate blind — and trust erodes.

⏳

Idle Assets

Supplier yards run below capacity while jobs sit unfilled nearby. Match-making is local, manual, and full of gaps.

GearBid replaces phone-tag with a transparent, accountable marketplace — where price discovery happens automatically and every deal is contracted and tracked.

The Product

From request to settlement, in one place

A five-step workflow that compresses days of phone-tag into a structured digital deal.

Step →

1Post

2Bid

3Compare

4Sign

5Settle

🏗️

Buyer

Contractor

Post job in 1 minute

·

Compare bids, pick winner

Sign lease with GearBid

Pay GearBid · review

⚙️

GearBid (ACCEL)

Operator & Principal

Publish RFQ

Notify nearby verified suppliers

Normalize & rank bids

Sign 2 contracts (as principal)

Pay supplier · lease to buyer

🏭

Supplier

Yard

·

Submit bid: rental + transport + ops

·

Sign rental to GearBid

Deliver · paid by GearBid

GearBid (ACCEL) is the principal counterparty on both sides — renting from suppliers, leasing to buyers. Counterparty risk is absorbed by the operator, not the users.

← Scroll horizontally to see all 5 steps →

1

Post in 1 minute

Pick equipment type, dates, quantity, and site. Add operator or insurance terms if needed. Posting is free.

2

Verified suppliers compete

Nearby verified suppliers send real bids covering rental, transport, fuel, and operator terms — all normalized to a single total.

3

Compare on one page

Side-by-side totals, line-item breakdowns, distance, terms, and supplier trust scores — ranked and ready to read.

4

Sign digitally

Lock the winning bid with a digital contract that binds both sides before equipment leaves the yard.

5

Track & settle

Real-time timeline from dispatch to job-end. Payment runs through the platform, with a record for both parties.

Trust & Safety

Confidence from first bid to final review

Every supplier verified. Every deal contracted. Every payment tracked.

✓

Verified Suppliers Only

Business registration, equipment, and identity are checked before a supplier can bid.

✓

Digital Contracts

Every accepted deal is confirmed by a digitally-signed contract that binds both parties.

✓

Principal-Backed Settlement

GearBid pays the supplier and leases to the contractor as principal. Both sides settle with us directly — counterparty risk stays with the operator, not the users.

✓

Two-Way Trust Score

Both sides rate each other after the job. Trust scores travel with the user across future deals.

Business Model

Today: Principal-lease. Tomorrow: Marketplace escrow.

A revenue-generating sub-lease business today — evolving into a transaction-fee marketplace as the network matures.

Phase 1 · Now

Principal-Lease Model

GearBid (ACCEL) acts as the rental counterparty for both sides.

GearBid rents equipment from verified suppliers and pays them directly
GearBid sub-leases that equipment to contractors at a margin
Both contracts are written with GearBid as the principal party

Why this matters Counterparty risk is absorbed by GearBid — not buyers or suppliers. Revenue and margin from Day 1, not contingent on hypothetical marketplace fees. Direct control over quality, terms, and pricing. Built on ACCEL's existing 10-year, 2,000+ deal operating record.

Phase 2 · Future

Marketplace Escrow Model

Direct buyer-supplier settlement. GearBid holds escrow.

Buyer pays GearBid; funds held in escrow until milestone completion
Supplier paid directly on release — no sub-lease in the middle
Transaction fee replaces sub-lease margin as the revenue line

Why later, not now Two-sided liquidity and verified-network depth from Phase 1 unlock trustless P2P transactions at scale. Higher take-rate-on-volume than margin-on-inventory once the network is deep enough to self-police.

Why ACCEL

An unfair advantage built over 10+ years

GearBid is not a marketplace looking for liquidity. It is an existing brokerage business, productized.

01

Domain experience

ACCEL has brokered construction equipment rentals in Bangkok and Chonburi for over ten years — we know how Thai contractors and yards actually transact.
02

A relationship-grade supplier network

2,000+ matched deals built direct, long-term relationships with verified suppliers who already trust how we operate.
03

Real liquidity from Day 1

Our existing book becomes GearBid's starting flow. Suppliers and requests are already live in BKK and CBI — not a cold-start marketplace.
04

Engineering-first team

ACCEL's multidisciplinary engineering team designs the platform with the workflow contractors actually use — not a generic gig-economy template.

GearBid digitizes a rental sub-lease business that already prints revenue — on top of suppliers we already know, in markets we already operate. The marketplace starts liquid, profitable, and risk-managed — not empty.

— ACCEL Engineering

Roadmap

Bangkok first. Thailand next. Southeast Asia after that.

A phased rollout that scales out of our existing operational footprint.

Now

Phase 1 · BKK + Chonburi

Launch where ACCEL already operates. Onboard the existing supplier network and convert existing brokerage flow onto the platform.

Extend the verified supplier network to other industrial corridors. Localize bid criteria for each region's equipment mix.

Future

Phase 3 · Southeast Asia

Adapt the platform to neighboring construction markets, leveraging ACCEL's regional engineering presence and Korean industrial network.