Asset management helps construction companies maximize the use of their equipment and tools while mitigating the risk of unplanned downtime and financial losses. Businesses that successfully manage their assets reap the benefits of streamlined workflows and extended...
Key takeaways Design flaws, management missteps, and political interference made airport construction a notorious example of mismanaged projects. Projects like the Sydney Opera House and the Montreal Olympic Stadium went far over budget due to poor planning, complex...
Key Takeaways: There’s no universal benchmark for construction profitability; average profit margins must be viewed in context. To boost profitability, companies must consider various internal and external factors. Continuous improvement and adopting the right...
Now your asset tracking solution is up and running, you can begin collecting the data you need to effectively manage your equipment over its lifecycle, for improved efficiency all around. So, where should you start? Track Utilization by Project Start by running...
Key Takeaways: Identifying all potential risks is the foundation of any construction risk management plan. Prioritizing risks based on their likelihood and impact allows construction companies to focus on the most critical threats first. Ongoing monitoring and regular...
