Heavy equipment is usually one of the largest investments construction companies make, and naturally, they want to get the most out of it. However, as time marches on and equipment deteriorates, construction company owners and managers will inevitably face the...
It’s tempting for project managers and decision-makers to rely on old construction equipment without investing in its long-term health. Putting off major purchases or avoiding preventive maintenance often seems like the best way to cut corners on a project with a thin...
Determining the right time to replace construction equipment can be challenging, as there are various factors that come into play. Those factors can include age and performance, short-term and long-term costs, as well as the benefits of getting a new machine. However,...
From a business perspective, most types of assets a construction company owns, including its vehicles, heavy machinery, tools, and equipment, will stop making and start losing money at some point, thus ending an asset’s useful life. That can occur for any number of...
The construction industry workforce is aging. However, this is not a new discovery—it’s an issue that has plagued the industry for years now. And while construction companies are trying to attract new talent, that might not be enough. In order to meet the demand,...
As technology progresses, every piece of equipment will become obsolete at some point, meaning that all equipment is subject to the long-term risk of obsolescence. However, perfectly functioning equipment can often become obsolete prematurely for varied reasons, such...
