Large construction projects typically take 20% longer to finish then scheduled and are up to 80% over budget, according to leading research. Construction companies we work with estimate that the equipment they own represents 20% of their costs and yet they feel they are not adequately controlling those costs.
Advances in technology can help address those challenges. From an online portal to mobile applications, to GPS and telematics there are a number of new technologies being developed that can help you better manage your equipment.
The proliferation of mobile phones and job-specific apps help job site personnel to communicate efficiently with their back office systems. This allows businesses that currently use paper for processes like delivery and pick up tickets, picking lists, and servicing checklist to manage them electronically from their mobile devices. Bringing mobile into your transportation process really gives you power. You can collect signatures at delivery and pickup, record the condition of the equipment, and manage loads and more — all while out of the office.
Check out our latest free e-book to see how leading construction companies are adopting technology to improve their business.
The best practices cover:
- Managing demand at the job site: on-site requisitioning
- Integrating demand with your rental suppliers – Supplier portals
- Mobile solutions
- GPS& Telematics
- Integration with other systems
- Reporting and dashboards
Check out our latest free e-book to see how leading construction companies are adopting technology to improve their business.
