GoCodes News

What is Asset Management?

Master the fundamentals of asset management. This article explores its role in finance, corporate planning, and investment growth.

Your Guide to Equipment Management Software

Equipment management software is a comprehensive method that allows businesses to log, organize, track, and measure their assets and inventory. It gives each item a unique code, a tag appropriate to its location and use, and an alphanumeric identifier, creating a profile for each item.

10 Statistics About Construction Equipment You Need to Know

The construction equipment industry is a key player in global infrastructure development. But this dynamic field is full of new technologies, shifting markets, and new trends that can be challenging to keep up with. If you're facing challenges like equipment...

7 Best Software for Construction Fleet Tracking

As technology advances, construction companies increasingly benefit from sophisticated fleet tracking software solutions that offer more features at lower prices. With the right software, managers can monitor vehicle locations in real time, optimize utilization,...

7 Best Asset Management Tools

There are many different asset management tools on the market. Check out our list to compare them and find the best fit for yourself.

What Is a Geofence Alert

This guide explains what geofence alerts are and breaks down their applications in the construction industry.

10 Best Fleet Telematics Systems

If you’re on the search for a fleet telematics system, this article is for you. We are presenting 10 of the best fleet telematics systems you should consider.

Benefits of Truck Fleet Telematics

In this article, we’re outlining the key benefits of truck fleet telematics and explaining how they can elevate your construction business.

8 Tools for Construction Cost Management

In this article, we’re going to present you with 8 tools designed to help you better manage your construction costs. We will discuss the most important features of each tool, as well as the pros and cons of each.

Construction Phase Plan: Things to Know

Let this thorough guide teach you everything you need to know about construction phase plans: from what they are and why you need them, to what elements they should encompass.

The Preconstruction Phase: A Deep Dive

The preconstruction phase is a crucial stage in any construction project. This comprehensive guide will walk you through the key steps and considerations involved in the preconstruction phase, ensuring a smooth and successful project.

6 Types of Technology Every Equipment Manager Needs

As an equipment manager, staying up to date with technology is crucial for efficient operations. Explore the six types of technology that every equipment manager should consider implementing to streamline their processes and enhance productivity.

6 Traits of a Successful Equipment Manager

Being a successful equipment manager requires certain traits. Discover the 6 key qualities that make a great equipment manager and how they contribute to the overall success of the role.

What Is Asset Turnover?

If you’re wondering what asset turnover is, why it’s important, and how you can calculate it, this is the article for you.

6 Types of Technologies Used for Asset Monitoring

Asset monitoring has come a long way in the past couple of decades.  As a result, construction companies that take advantage of new technologies stand out from competitors who rely on outdated monitoring techniques. Nonetheless, choosing the right asset...

QR Codes for Asset Management: A Full Guide

Discover how QR codes can revolutionize asset management with this comprehensive guide. Learn how to effectively track and manage assets using QR codes, ensuring better organization and efficiency.

How Much Does Asset Tracking Cost?

The cost of asset tracking can vary. Read this article to learn more about the cost considerations and options available for asset tracking.

A Complete Guide to Bluetooth Beacons

Discover everything you need to know about Bluetooth beacons in this comprehensive guide. Learn how they work, their applications, benefits, and how to implement them effectively.

What Is an Inventory Control System

Have you ever found yourself unable to begin a project as planned because of shortages in your inventory? If so, you are not alone. The dynamic environment of a construction company requires good organization and even better inventory management. It's no secret that...

5 Important Benefits of Tool Kitting in Construction

Construction sites are action-packed places. Workers carry out their tasks, often on tight deadlines, handling various tools and equipment. In such a dynamic environment, countless tools exchange hands in short amounts of time, so it’s essential that they are managed...

How to Pick the Right Inventory Control System

An efficient inventory control system ensures construction companies have the right tools, equipment, and other supplies needed for smooth project completion. More specifically, such a system should facilitate managing construction inventory, which means maintaining...

What Are Construction Tags

You will learn what construction tags are, how to apply them on equipment and how they can serve your business.

What to Discuss During a Construction Safety Meeting

Regular construction safety meetings are an essential part of ensuring the overall safety of any construction project. They provide an opportunity for construction workers to discuss a wide range of topics related to safety, express their concerns, and learn about new...

What Are Asset Tags?

Tracking your assets is essential. But what are asset tags exactly? We’ll discuss different asset tag types and the purposes they can serve.

Construction Cost Estimating Guide

This construction cost estimating guide will help you understand the basics of estimating and teach you how to become more profitable.

5 Tips for Construction Waste Recycling

According to the EPA, 75% of American waste is recyclable. However, only 30% of that waste ends up recycled. This includes construction waste, which is a significant threat to the environment and human health and therefore needs to be managed properly. Unfortunately,...

7 Construction Management Skills You Should Practice

The job of a construction manager comes with many responsibilities, which require different skill sets. Since a good construction manager needs to be a leader and a great communicator, facilitator and problem-solver, they have to master many skills while staying on...

Proper Ways For Safe On-site Construction Material Handling

Construction material handling can be quite stressful and even dangerous for construction workers. They have to deliver, move and control thousands of pounds of construction materials for construction projects to go according to budget and schedule. So, if you don’t...

6 Practical Tips On Risk Management For Construction Projects

Construction projects are complex by nature. That complexity brings diverse risks, some of which are common to all projects, while others may be specific to only one. Those risks, either alone or in conjunction with others, can literally make or break any construction...

Best Practices for Construction Waste Management

Governments worldwide are trying to tackle the problem of waste, and they found the main culprit in the construction industry. But that’s not without a valid reason. Just in the EU, construction demolition and waste account for 35% of all generated waste. This...

Construction Management Plan: An Overview

Every construction project is comprised of numerous elements that you need to manage if you want to deliver a quality and timely product. One such essential element is creating a construction management plan. For inexperienced people, this might seem like a...

Guide to Successful Construction Budgeting

Planning and delivering a successful construction project wouldn’t be possible without developing and following a thorough budget. However, a construction budget is often difficult to devise due to unforeseen expenses, and even the best project managers struggle with...

6 Easy Steps for Successful Warehouse Labeling

Warehouse labeling is vital to maintaining strong control over inventory and assets. By taking the time to label each item, you will increase efficiency and create a calmer workspace for your team. Not only does successful labeling allow your workforce to...

How To Choose Proper Industrial Equipment Labels

Industrial equipment labels are very diverse and serve a variety of purposes. So, when choosing the right one, it might be hard to make a decision with so many options and factors to consider. We’ll take you through the process of how to choose proper industrial...

7 Benefits of a Good Warehouse Labeling System

Labels, big and small, are a common sight at any warehouse. If your business is expanding to a new warehouse or upgrading the existing one, you should re-examine your warehouse labeling practices. Why? Because a good warehouse labeling system provides many benefits....

Guide to Construction Waste Disposal

Did you know that the construction industry creates more waste than most industries? In fact, according to statistics, one-third of the world's overall waste comes from the construction industry. Unfortunately, the majority of that waste ends up in landfills and...

8 Reasons Why Asset Labels Are Highly Important For Your Business

Looking for reasons why your business should use asset labels? You came to the right place. We will go through the main reasons why asset tagging is a must-have solution for businesses across many industries, regardless of size. Let’s start. Automated Inventory...

5 Best Practices in Construction Equipment Management

Construction equipment is one of the most expensive investments for any construction company. So, you’re probably aware that better equipment management is necessary to get maximum ROI on these assets. With the right information and data, any equipment manager can...

Fixed Asset Tracking: Best Practices to Adopt

Fixed assets include everything the company owns and uses to generate income, ranging from real estate and machinery to intellectual property. As such assets aren’t expected to be sold or otherwise consumed within a year, they serve as an indicator of the company’s...

Equipment Inventory Management Best Practices to Follow

As business processes become more complex by the day, so does proper equipment inventory management. However, if you lack the means to track your equipment in real-time (or close to it), that can be a really daunting task. On the other hand, neglecting inventory...

Don’t Make These 6 Power Tool Storage Mistakes

The construction business is dependent on quality tools that enable your team members to do their best work. Keeping your tool collection operable, safe, and always available is paramount, and starts with proper care and adequate storage conditions. Nevertheless,...

14 Ideas for Storing Your Power Tools

A misplaced power tool is as good as lost. It might take time and a bit of work to set up a strong system for power tool storage, but it’s well worth it to protect your investment. Once your plan is in place, you and your team can locate your equipment much faster....

18 Tool Box Organization Ideas That Work for All Types of Tools

Do you often struggle with finding the tool you need in a messy toolbox? Do you have to move a pile of screws, bolts, and other bits just to find the right socket or a screwdriver? But what if you could turn your jumbled mess into a more organized and efficient...

5 Best Practices for Storing Power Tools

Whether big or small, corded or cordless, power tools need to be stored correctly to avoid injuries and keep tool maintenance and turnover costs low. Knowing what the best practices for storing power tools are can be a real life and cost saver. So, without further...

12 Maintenance Tips for Long-Lasting Power Tools

Power tools are an important part of your construction arsenal, which is why you want to keep them in top condition. Some of them tend to be quite expensive, and that is all the more reason to provide them with proper care and maintenance. However, power tools get...

How to Reduce Material Waste in Construction

There are numerous reasons why construction companies want to reduce their waste on job sites. Some want to be more sustainable, some want to save money, and others want to comply with new environmental laws and regulations. What’s important is knowing that reducing...

Guide to Construction Material Management

Procuring and monitoring construction materials constitute a fundamental part of a construction project budget. Therefore, companies need proper methods and strategies to deliver quality projects within budget. But while people mainly associate construction material...

13 Worst Construction Safety Fails That Happened Around the World

We all know how dangerous construction sites can be. It’s important to diligently follow safety protocols and maintain your equipment and machinery there. However, unfortunately, safety often gets neglected, which can lead to horrible accidents and severe injuries,...

Top 18 Sustainable Building Materials to Look Out For

The construction industry is often labeled as one of the greatest modern-day polluters. Moreover, some building materials, like concrete, are so widely used that the adverse effects they have on the environment cannot be overstated. As the awareness of this issue...

20 Innovative Construction Materials to Build a Better Future

The desire to innovate is in our nature as humans. We want better solutions to existing problems, so it’s no wonder a wave of innovative construction materials is sweeping the industry. Whether finding more eco-friendly alternatives to existing materials or finding...

How to Safely Handle and Store Construction Materials

Handling and storing materials might seem easy, but it’s a process riddled with obstacles. You’ll have to move, transport, and control heavy and sensitive materials, so it’s important you do it safely and efficiently. Moreover, different materials need to be kept in...

Types of Barcodes: Different Kinds Explained

With so many kinds of barcodes everywhere around us, and even more applications for them, deciding which type best fits your needs can be challenging. If you want to sell products in retail or online, track your inventory or assets, or utilize barcodes in other ways...

List of Common Building Materials Used in Construction

The construction industry uses a wide range of materials for different projects. Generally, we can sort building materials into two categories: natural and synthetic. Materials like stone and wood are natural, while steel, concrete, or plastics are synthetic (or...

Fixed Asset Management: What You Need to Know

Asset management has existed for a long time. Ever since humans started creating and collecting tools and equipment, they had some kind of system to keep track of them. Even cavemen had spaces to store their tools and weapons, then counted each spear to determine if...

7 Positive Impacts of Construction Technology on Businesses

The construction industry has always strived to build better, stronger, and taller buildings. Construction technology has been a great asset in that endeavor. What we now consider staples at construction sites were revolutionary 50 or 100 years ago.  For example,...

5 Safety Mistakes Often Made on Construction Sites

Being a construction worker means you get to be physically active and spend a lot of time outdoors.  On top of that, your job brings something new every day, and you get to see the immediate results of your work. However, according to statistics, it also means you’re...

17 Construction Business Ideas for a Profitable Venture

Are you thinking about starting a construction business and looking for profitable ideas you can launch without investing a lot of money? Or are you an entrepreneur ready to make an investment to find your niche in one of the most lucrative industries in the world?...

Collaboration in Construction: Everything You Need to Know

In construction, good collaboration is essential. It’s an industry where projects are notoriously complex, involve numerous people, and require careful coordination. Therefore, everyone has to be on the same page about the work they’re undertaking.  Collaboration...

Top 6 Challenges in Construction Material Management

One of the biggest challenges in the construction industry is the proper management of materials.  Material management consists of a whole host of activities, such as planning, purchasing, bill obtainment, tracking, adjusting to project scope changes, storing, and...

The Importance of Administration in Construction

Many successful construction companies use specialized construction administration services. One of the most common reasons for hiring an administrator is to ensure the smooth completion of a project, from pre-construction to the end of the construction stage.  But...

5 Tips for Resolving Conflicts on the Construction Site

Conflicts at the construction site are no news to anyone in the business.  After all, it’s a workplace like any other, with many people working on the same project. Despite their shared goal, differences in opinions may arise.  What do you do in such a...

6 Main Challenges in Asset Management

Asset management is a challenge for many construction companies, mainly because construction isn’t exactly data-driven. To manage equipment properly, you have to rely on data and find a way to gather it in real time. We will do a quick dive into the six main...

5 Benefits of Having Equipment With GPS Tracking

If you manage a fleet of vehicles and heavy equipment, you need to know where everything is and what it's doing at all times. You can achieve that and a lot more if you start relying on GPS tracking.  We’re talking about a set of tools that will help you track and...

6 Personal Protective Equipment Tips for Construction Workers

Personal protective equipment (PPE) saves lives. Construction companies know this, construction workers know it—we all know it.  So, why does the Occupational Safety and Health Administration (OSHA) still find so many PPE-related violations when they conduct site...

4 Methods for Selling Heavy Equipment

If you want to sell some of your heavy equipment, we have good news; the used equipment market is blooming at the moment, thanks to the pandemic.  Although the volume of pre-owned machines on the market has decreased, prices have gone up, so, obviously, this is...

6 Tips for Selling Construction Equipment and Machinery

There are several reasons you might want to sell some of your machinery. Maybe you no longer need it, or it needs replacement. Perhaps it’s not being used, or you want to buy a better model.  If we look at some statistics, we can see that 92% of the respondents said...

6 Options for Disposing of Construction Equipment and Vehicles

When heavy construction equipment doesn’t serve its purpose anymore, it is usually put in the back of the warehouse. These machines are large, heavy, and cumbersome, so getting rid of them entirely may seem like a daunting task.  But storage space is extremely...

6 Common Causes of Construction Disputes

Even the simplest construction contract disputes can disrupt an entire project, or force you to do expensive rework after the job was supposed to be done.  Therefore, you owe it to your business and your subcontractors to carefully examine your contract and all...

5 Benefits of Asset Tracking Software for Growing Your Business

Many business owners come to face an interesting problem in their company’s development: work keeps expanding and projects are completed successfully, but the company doesn’t seem to grow. How can that be?  Well, the root of the problem may be found in how you’re...

6 Steps to Setting Better Goals for Construction Efficiency

Good construction companies always find ways to optimize processes to deliver projects without sacrificing quality. But as anyone knows, this is not something that can happen overnight.  Only with continuous improvement can you ensure efficiency in construction...

Different Types of Lifting Equipment Used in Construction

Many construction projects require working at heights, so taking them on means you’ll probably need good lifting equipment.  Luckily, there’s plenty of choices!  Most lifting equipment consists of a platform connected to an extension arm and mounted on a...

Pros and Cons of Renting Heavy Construction Equipment

Every good contractor knows the value of heavy equipment. It’s irreplaceable for efficiency on the construction site and delivering projects on time. So, to get your hands on quality equipment, you have two choices: buy or rent.  While buying new machinery might...

IT Equipment Every School Needs

IT equipment is considered some of the most critical assets of many organizations, including schools and educational institutions.  Teachers all around the globe use different IT tools to improve their students’ learning experience, especially during...

Common Types of Industrial Mining Equipment & Machinery

When working underground, you need the best mining equipment to handle challenging environments and complete the job efficiently. We’ve covered common types of industrial mining machinery and how to manage it for maximum efficiency.

10 Challenges Facing the Construction Industry to Know About

These are exciting times for the construction industry. Last year, it was valued at $1.36 trillion in the US alone, mainly due to increased spending on private and nonresidential buildings.  But there’s more. Experts predict that the worldwide population will hit...

Metal Asset Tags: An Overview

We’re covering the characteristics, main benefits, and applications of metal asset tags, as well as how to use them with your equipment.

The Essential Welding Equipment List

As with every construction site task, your workers need their essential welding equipment to complete it efficiently. This article cover PPE welding gear, supporting equipment, and different types of welders you might use for your welding needs.

Four Ways Contractors Can Protect Their Tools

Being in the construction business is expensive as you have to invest in your tools and equipment out of pocket to get the job done. This article will help you understand the four things you can do to secure your tools and make it harder for thieves to get them. That way, you’ll minimize and practically eliminate tool theft at your construction site.

Shipping Heavy Machinery Overseas: What to Consider

If your renter or buyer is on the other side of the world, you’ll have to find a way to ship the equipment to them. The most popular and cost-effective way to do this with heavy equipment is to import the machinery using nautical vessels. However, many containers get...

Types of Excavators Used in Construction

Whenever you conduct a construction project, it’s almost guaranteed you’ll need an excavator.  Whether it’s a small backyard renovation or a high-rise skyscraper construction, excavators can be seen on many different construction sites. They vary in size, which...

List of Personal Protective Equipment Needed in Construction

Personal protective equipment is the cornerstone of successful construction work. When contractors supply their workers with personal protective equipment, they keep them safe from life-threatening hazards.  On the other hand, failure to comply with PPE safety...

Medical Equipment List All Hospitals Need

Quality medical care and diagnosis depend on having access to the right equipment.  So, to provide complete care, hospitals need to have a standard set of medical equipment besides regular personal protective equipment. This enables them to enhance the...

Tips for Making an Office Supply Inventory List

A functioning office environment depends on its inventory. If crucial equipment and supplies are missing, the employees will have difficulty completing their daily tasks and operations.  How can a business keep this from happening? Start by making an office...

Statistics About Injuries on Construction Sites

A construction site can be quite a dangerous place to work. Working with heavy machinery often invites disaster. The slightest error or lack of attention on the site can lead to severe injuries.  In light of this, it is the responsibility of site managers and...

How to Conduct Construction Equipment Maintenance

Do you frequently find yourself cutting corners on maintenance? Is your motto concerning equipment breakdowns “we’ll cross that bridge when we get there”? If that’s the case, imagine if your operator overworked a poorly serviced piece of machinery until it...

Key Facts and Statistics on Equipment Maintenance

When equipment breaks down, companies suffer excessive downtime and are left with substantial repair costs. The best way to avoid both is to maintain your equipment regularly.  In this post, you’ll find the key facts and statistics to help you understand the...

Guide to Renting vs Owning Equipment

To rent or to own, that is the question! When working with equipment, it’s always tricky to decide whether to invest in purchasing assets or opt for renting. Clearly, both options have their pros and cons, or you wouldn’t be reading this.  This article will delve...

Tips to Improve Equipment Maintenance Safety

Equipment maintenance is a must for any company that deals with numerous assets.  You have to know what condition your equipment is in to avoid any kind of injuries or risks in the workplace—and you can do that through maintenance. But how do you ensure safety...

Essential School Kitchen Equipment and How to Manage It

Managing a school kitchen can be demanding, especially if you don’t know where to start. This article will go over some of the most important kitchen assets your school needs, ranging from flatware to safety equipment.  It will also provide you with tips on the...

What are Equipment Maintenance Goals?

What are the most important equipment maintenance goals, and how do they affect your business? Read on to keep your staff, equipment, and business safe.

How to Manage All Your Equipment Documentation

Managing equipment documentation is vital to ensure your business stays compliant and your equipment is in top condition. We offer some tips to manage your equipment documentation effortlessly and efficiently.

How to Track Your Equipment Rentals

Equipment is pivotal in running a rental company. After all, everything you do revolves around it, and you depend on it to do business and make a profit. Since your assets are important to you, you should invest in them by tracking them, their usage, and their...

Common Construction Site Hazards

We’ve covered the ten most common construction site hazards and how you can prevent them from causing injuries or fatalities.

Equipment Maintenance Key Performance Indicators (KPIs)

Equipment maintenance KPIs are a step towards reaching your goals, no matter what kind of company you’re leading. They help you understand what you need to do to improve your company’s performance.  First, however, you have to ensure that each KPI relates...

How to Make an Equipment Audit

When an organization ventures on a complete equipment audit, it can seem like a daunting task, but with some knowledge and a few guidelines in place, the job can become much easier.  A business undertaking an equipment audit does not regret the time and effort...

How to Improve School Asset Management

The topic of school equipment management is often challenging for stakeholders who can’t afford to spend too much time on asset tracking, which results in shorter equipment life cycles, loss, or misplacement.  You can avoid these problems with a sound equipment...

How to Stop People From Stealing Office Supplies

The theft of office supplies might seem like a minor issue you can ignore, but it costs businesses a lot more than it appears at first glance. People who decide to steal at work often keep doing it for years until their employer catches them.  Therefore, if you...

How to Organize Your Equipment Room

Keeping your equipment room organized helps you prevent project delays, tool loss, and downtime. Here are some tips to make the most of your equipment room space.

Fixed Asset Accounting Guide

Fixed asset accounting represents a crucial part of the company’s financial statements since this type of asset is generally used for a longer time and should be depreciated.

Mold Testing Equipment Every Mold Remediation Company Needs

Mold is present in many households and can potentially be dangerous, so quality mold testing is essential. If you notice it on time, you can prevent it from spreading and affecting the residents’ health. A lot of it depends on good, reliable equipment as it helps you...

List of Essential Tools Used in Construction

Despite modernization, some old-fashioned hand tools still have their place in contemporary construction sites. We bring you a list of 16 essential tools used in construction, along with tips on how to keep them in top condition.

Tracking Assets With Equipment Sign-Out Sheets

Modern equipment sign-out sheets are indispensable for accurate asset tracking. Software automatically updates such sign-out sheets. Learn why companies should implement equipment sign-out sheets and what these documents should include.

Consequences of Poor Tool Control

Poor tool control hinders productivity, jeopardizes workers’ safety, limits scalability and results in financial losses. Here’s how to improve it.

Asset Management Statistics You Need to Know

Asset management systems are more than just ways of keeping track of gear—they are essential tools for protection, maintenance, and efficiency. In this post, we’ll be covering the eight most important asset management statistics you should know to make the best decisions for your business.

Asset Tagging System Tips and Benefits

Installing an asset tagging system invites greater efficiency, control, and profits.  Whether items function as fixed or mobile, asset tagging optimizes employee efforts and the flow of information within a business.  Not only are assets organized easily and...

10 Asset Management Metrics to Know

Creating a successful asset tracking and management system can be a challenge for many companies struggling to manage their many assets. Thankfully, knowing which metrics to track will help your team use data to understand how to improve.