Fleet ManagementMore Like This

Sometimes, renting equipment makes perfect sense. In this still-tight credit environment, some lenders aren’t willing to finance a large piece of equipment, or an outright purchase might not add up financially if the equipment is only needed for a short duration. For contractors on a budget, rental companies usually have the latest models in their inventories, a luxury that is out of reach for many smaller firms. Plus, renting equipment is convenient, with the duty of maintenance, setup and transportation being someone else’s problem.

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Best PracticesMore Like This

Maintenance is a key priority when it comes to fleet operations. Of course, preserving the bottom line through cost-efficient decisions should always a priority, but reliability, performance and safety are of equal importance. A vital part of fleet maintenance, which takes into account all these factors, is an effective oil analysis program.

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Asset ManagementMore Like This

As the economy remains solid and businesses generally are doing well, most construction contractors have likely thought about ways to continue growing their companies. By investing in a minority stake in a business, strategic equity partners can provide capital for growth or shareholder liquidity and help take the business to the next level.

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Asset ManagementMore Like This

It has taken some time, but the construction industry is finally experiencing the benefits of using e-commerce to buy, sell and rent used and surplus equipment and materials. The old days of a construction project manager working the phone with a broker or intermediary to source or dispose of supplies are over. E-commerce, and its use through mobile tablets and smartphones, has radically changed the process, thereby increasing the speed of transactions, lowering costs, reducing project timelines—and even improving the planet’s carbon footprint.

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Managing Your BusinessMore Like This

Anyone who studies history understands that to look back is to look forward, and it seems construction technology follows suit. As construction is rapidly moving into a digital-first world, companies are seeing major shifts in the ways technology helps them streamline practices, reinvent personnel and equipment management and even use virtual and augmented reality to ideate, construct and maintain their buildings. The speedy pace of innovation has heads spinning, often leaving companies feeling a sense of fear from a lack of control.

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