Good Construction Equipment Management Software keeps the project ahead of schedule. In this article, we'll look at best practices, including the tools professionals use to effectively manage devices.

What is Construction Equipment Management Software ?

Construction Equipment Management Software includes maintenance and planning of equipment at the construction site. Effective managers do this by increasing productivity by ensuring that equipment is where it is needed, in the right condition, at all times.

In a broader sense, the goal is to ensure that equipment investments remain profitable. This includes continuous work, especially as the equipment requirements of any busy construction company are constantly changing as projects progress and new opportunities arise.

Device management falls under the umbrella of resource management. It is used by contractors along with companies that rent out construction equipment.

The dangers of inefficient construction machinery park management

It's easy to see the importance of fleet management given the pitfalls of mishandling.

WEAK INVESTMENT PIPE

Construction machinery can be very expensive to buy, store, and maintain. If not managed properly, these costs can reduce or even exceed the economic benefits of the fleet.

Here is an example.

For example, let's say your company buys a cement mixer truck. Due to inefficient construction management practices, trucks were never serviced as planned.

This makes them even more inefficient and slows down productivity on the construction site. If it ever fails, the repair costs are much higher than routine maintenance.

Combined, the costs of inefficiencies and extensive repairs can outweigh the economic benefits of the truck.

PROJECT DELAY

Equipment that is not where it should be is one of the most obvious symptoms of inefficient management.

Imagine workers at work spending their time on low-priority tasks while waiting for equipment to arrive so they can continue the project on schedule. This is a huge waste of resources. Equipment does not offer economic value during transportation. On the other hand, the economic value is destroyed when the project stops.

INCOMPLETE FINANCIAL PICTURE

Every investment has an alternative price. Companies should consider whether their capital would be better off investing elsewhere. However, it is very difficult to determine whether the management of the construction machinery park is not efficient.

As you can see, an important part of device yet inventory management is recording and tracking device ownership costs. This helps companies make informed decisions about planning their equipment and making additional investments.

Let’s Trust the Proof of Statistics - Construction Equipment Management Software is a Must!

In fact, one study found that more than half (56%) of small and medium-sized construction companies have adopted construction management software to make the lives of their builders and contractors a little easier.

While construction companies have a variety of ready-to-use solutions, many companies find that there is often a shortage of ready-to-use software. For this reason, more and more companies are choosing to develop bespoke construction submittal software development that meets their needs.

What are the 3-Must Have Features of Construction Equipment Management Software?

If you are considering getting your own bespoke solution, the first step is to start planning what it will look like. Here are 3 must-have features for any construction management software.

1. Supply management and financial management

The first step in most construction projects is an initial bid and your team will likely send several offers at once. Your company may also receive offers from subcontractors on your part. After a while, simply monitoring tender invitations and submitted documents can turn into juggling. Instead, manage all this information with bid management software that will save you time, increase productivity, and generate more detailed reports.

You may wish to track related financial information during the bid submission and approval process. In addition, you tend to track salaries, bills, and project budgets, among other things. Manual tracking increases the possibility of incorrect calculations. Instead, use accounting management software to accurately track expenses based on financial estimates.

2. Customer relationship management

Once the offer is accepted and you have acquired another customer, you will need to monitor that customer's contact information, relevant details about their project, and your communications with them. And even if your team manages to match the needs of your customers, CRM (Customer Relationship Management System) can make them even better.

CRM not only gives your team the tools they need to make it easier to manage records and communications, but it can also automate some of the tasks needed to ensure you meet your customers' needs. From automatically sending reminders to project updates, your CRM can save you time in providing your customers with a better customer experience. In addition, the average return on investment for CRM is $8.71 for every dollar spent on the system (Nucleus Research).

3. Project management and planning management

Once your client's project has started, you must set a deadline for your team and subcontractors to start the project. With so many moving parts, making sure everyone is on the same page can be a challenge. So, it is not surprising that one study identified project tracking as a key trait (73%) that construction companies look for, making project management and planning software perhaps the most desirable feature.

With the help of project management software, companies can promote better collaboration, especially when not all of your team members are on site. By integrating it into planning software, your project manager can subcontract tasks and develop comprehensive project plans that can be easily shared with everyone involved.

Read more at: Conquer the Construction Industry with Construction Equipment Management software