What do you do when you have idle equipment collecting dust? Well, you either let it eat away at your profits or find ways to put it to work. Many construction businesses have turned to renting out their idle equipment to save costs and make a profit. If you’ve been...
With so many resources and activities involved in construction projects, it’s not surprising that some equipment just ends up sitting idle. However, if left unchecked, idle equipment can adversely impact your project timelines and costs. That’s why this article will...
Key Takeaways Underutilized equipment incurs maintenance and storage costs without bringing in revenue. Underutilized assets depreciate without contributing to revenue. The capital tied up in underutilized assets could be invested in newer technologies. Every...
Key Takeaways Idle equipment runs up additional costs and decreases productivity on the construction site. Due to often being neglected when it comes to maintenance, idle equipment can malfunction and lead to injuries. Inefficiencies caused by idle equipment can...
Not every tool and equipment business has an equipment maintenance plan in place – but they should! Whether you’re a large business or small, this plan is essentially a to-do list for keeping your equipment in good condition and ready for use. This drives...
Key Takeaways Creating a solid plan for the end of year inventory count is crucial. Categorizing inventory into consumables, materials, tools, and equipment can make inventory counting more efficient. Investing in construction inventory management software saves time...
