Tool theft is a problem that many construction professionals know all too well. It harms your budget, throws your projects off schedule, and causes stress. In fact, research shows that, just in the UK, 78% of tradespeople have experienced having their tools...
The one inescapable truth about your construction equipment is that it’s going to lose its value over time. And while depreciation can’t be avoided, it can certainly be slowed down through regular maintenance, as well as used for tax purposes. But what equipment...
Hand tools and small power tools—like hammers, wrenches, socket tools, impact drills, chainsaws, or air compressors—are often targets of thieves because they’re easy to carry and allow for quick resale. And this trend is on the rise. As a result, the construction...
Running a construction business nowadays involves numerous challenges, one of them being the increasing incidence of tool theft. Stolen tools lead to project delays, budget overruns, and costly tool replacements. However, there are quite a few innovative and...
In the construction industry, competition is stiff, no doubt about it. Therefore, doing anything you can to better understand your own company’s performance as well as that of the competitors is a must. This is where key performance metrics like asset turnover and...
