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...
Asset turnover is more than just a figure on a balance sheet; it’s a key that helps unlock the secrets of the profitability and productivity of a business. In this article, our goal is to demystify this financial metric by addressing six common questions that often...
