Construction Methods and Equipment Management

Selecting the right equipment for a construction project is crucial when it comes to budget, timelines, and execution. When a construction equipment manager has the information and tools they need to do their job properly, the entire project runs smoothly and equipment is better managed, scheduled, and maintained.

Without proper equipment management, construction companies experience more equipment breakdowns and failures, projects running over budget, stalls of productivity, and decreased profitability.

We’ve put together a list of the top construction equipment management guidelines to help your company implement industry best practices or improve on your existing processes. First, let’s get on the same page about the basics:

What is construction equipment management?

Construction equipment management is the process of directing and controlling construction equipment. Construction equipment managers are in charge of the equipment used by a construction company. They are responsible for purchasing, maintaining, and repairing the equipment, as well as storing, cleaning, and transporting them. They are also responsible for keeping inventory and assigning the right equipment for the job.

Construction equipment managers use a process called equipment asset management to help them monitor and manage their equipment properly.

What is equipment asset management?

Equipment asset management refers to the process of directing and controlling equipment investments on behalf of a company — in this case, a construction company. This process carefully tracks, monitors, and forecasts equipment asset depreciation while also assessing and mitigating risk. Construction equipment managers will be in charge of this asset assessment while determining what equipment investments to make (or avoid) that will grow the company.