4 Ways to Effectively Manage Equipment & Maximize Utilization with Construction Software

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Construction equipment like vehicles and machines is expensive and is often difficult to replace. In addition to regular maintenance, there are many ways to maximize your equipment use. One way to take full advantage would be by partnering with an integrated construction software that gives you more insight into each unit.

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When selecting construction software, go with a vendor that provides equipment management. With this feature, business owners, general contractors and project managers will be able to efficiently track all important equipment details and make smarter decisions.

With intelligent forecasting, projects will be completed on time and on budget. In addition, scheduling software allows for each jobsite to be well equipped at all times. With these tools, your team is able to increase efficiency and productivity.

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How does Equipment Management help?

Profitability 

Construction software can record the profitability of any given piece of equipment. Equipment managmement tools will allow all costs and revenue from the project to be tracked. In addition, other important information like fuel history and consumption is also saved, which also affects profitability.

Software can help determine whether any given product is helping your company make or lose money. Managing your equipment with software allows you to assess each piece and helps you make better decisions on how to use it. Essentially, software can aid in determining if a piece of equipment is helping or limiting your potential success.

Depreciation

Construction equipment software can assess the depreciation of any given product, and automatically record its results. Depreciation is based on several factors such as the maintenance costs, operating costs and other documented costs. Through this calculation, you will be able to determine if a piece of equipment is worth continuing to maintain or replace.

Construction software makes these decisions easier, by recording important data that can affect how your company uses equipment going forward.

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Tracking

Construction software allows for detailed maintenance logs. Maintenance logs provide the ability to track all the completed repairs since the initial purchase. Furthermore, you can record data regarding its usage, until the end of its use.

Tracking capabilities is the most essential function of construction software.  Construction software allows you to record profitability, depreciation, ownership, maintenance, cost and location of a given piece of equipment. With this tracking, data can be inputted into reports that detail the best course of action among each piece of equipment.

Maintenance

Management equipment software allows you to plan ahead during down time, and create simple and easy maintenance schedules for each individual unit. Important details including  renewal, inspections and registrations can all be completed within the software.

Software allows you to record preventative maintenance tasks including the dates used, and miles logged. These capabilities give you greater insight into the specific type of maintenance each equipment requires. Construction software allows for regular inspection and maintenance schedules to be completed ahead of time, saving you the time and energy.

Final Thoughts

Partnering with a construction software will prove be a worthwhile investment. An effective construction management tool allows you to maximize the utilization of all your construction equipment and use each unit to the fullest extent. In addition to addressing equipment management, fully integrated construction software is an ideal long-term solution for all construction companies.

 
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