Ways to Make Your Construction Business More Profitable
Do you need to adapt your construction business to add visibility, protection, and efficiencies for your staff, assets, and vehicles? Get your construction site running safely and smoothly with these solutions!
The extent and nature of challenges in the construction sector are broad, but most of them revolve around costs. In the steep market competition, client demands are becoming more exacting, while time-frames and contract margins are getting tighter. With this in mind, construction businesses are tightening their belts around operational efficiency and cost management in order to survive in the industry.
The bigger expenses, normally, revolve around staff and vehicles, as those are more difficult to control (as opposed to materials) and can impact the profitability of a project on a bigger scale. Consequently, for a business to succeed, it becomes crucial to manage costs and drive a leaner, smarter operation.
Finding ways to cut costs is always a big challenge, as unexpected expenses can quickly arise, especially when running a fleet of vehicles. There are many invisible factors that can lead to increased business expenses, which can be avoided if visibility is created. Excessive fuel consumption, untimely vehicle maintenance, underutilized, or misappropriated equipment are all examples of factors that impact overall project costs and schedules when gone undetected.
With the tracking technology, however, you are able to monitor all of your assets and how they are being utilized. Inefficient routing, adverse driving behavior, idling, and after-hours usage are all causes of excessive fuel consumption and, once under control, will help significantly reduce unnecessary fuel waste and other related costs. Engine-connectivity also allows tracking devices to conduct automatic engine checks and send timely maintenance alerts to help prolong the life of your fleet vehicles. This will help avoid unexpected breakages that not only can halt an assignment, but also rake up a considerable repair bill.
How Concox help:
1. Monitor where your equipment is with GPS tracking
2. Track and retrieve assets fast, in case of theft
3. View all staff on one map and stay updated on activities and jobs completed throughout the day on your mobile device or desktop computer
4. Identify how often assets are being used to keep track of inventory and optimize the number of assets or equipment you actually need
5. Avoid unnecessary expenses with better maintenance scheduling
With Concox Fleet Tracker and Asset Tracker solutions, you can digitally manage your inventory, set up POIs, and track your assets in real-time. If you want to add visibility, protection, and efficiencies, whilst ensuring staff safety, learn more at Concox.