Managing Construction Equipment Costs: Getting to That 1%
Download this White Paper to better understand one of the largest fundamental problems many heavy contractors face in managing construction equipment costs: Capturing accurate equipment information from cradle to grave.
If repair, maintenance, ownership costs, and accurate meter readings are diligently recorded for each piece of equipment, a company can actually predict, rather than guess, their equipment lifecycles and optimal returns on investments. Creating historical data on the cost curves for owning and operating heavy equipment allows much more informed decisions about when to invest more in their fleet or when certain machines should be sold. Contractors can avoid the common problem of waiting too long to replace a piece of equipment. Using more informed data and metrics to create equipment benchmarks, they know when a machine will become more expensive to keep than it is worth.