High project cost and time overruns
Stolen equipment, time wasted looking for assets that might have gone lost or missing, lacking visibility of inspection, maintenance schedules and staff certification due dates can all add up to and contribute to high project costs and time overruns.
Health and safety is one of the biggest challenges for the construction sector and while it’s often overlooked on construction sites, it can be the contributor to major overspend due to failed equipment, unexpected downtime, or non-compliance penalties and legal action taken against you.
Asset management software can help fight both overtime and over budget tasks through in-depth data management and actionable insights. You can analyse reports on asset utilisation and maintenance, keep track of work orders, as well as maintenance and inspection regimes, ensuring that your equipment is always up to date with regulatory requirements, safe to use and in operation.
Effective communication streamlines workflows and makes work a lot more efficient on a construction site. With an asset management system, you’ll be able to minimise the impact that lost or stolen equipment and administrative errors have on your projects, and will be able to both reduce costs and proactively manage projects, always delivering them on time.
To help you gain a better understanding on how asset management software can help you improve your construction operations, we put together this free to download asset, ‘Introducing asset management software for the construction industry’. To download your copy, simply follow the link below.