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2020 has brought unique challenges to the construction industry. We want to believe that the worst is over and the industry is recovering. Protecting against COVID-19 requires proper decisions to maintain safety as well as profitability during a slower economy. If you decided you need some more heavy equipment or trucks, there is a question when to buy equipment and trucks and when to rent them? The decision may influences on putting your business back on track to ensure it runs smoothly.
Comparing pros and cons of both renting and buying, keep in mind your company’s current situation, capabilities and future plans. Here’s a small overview of some important points before deciding when to buy and when to rent heavy equipment.
Financial situation and costs forecast
One of the most obvious factors to consider is your currently financial situation. Also you should project and analyze your costs over several months or years. Buying is a larger one-time financial outlay. However, the cost of renting can rise quickly and finally can end up costing you more.
Project length and job frequency
Project length and the frequency of usage of heavy equipment may be the deciding factor in whether you rent or buy equipment. If it’s a short term job, or you need specialized equipment for a one-off job, then renting may make more sense. However, owning the multi-purpose heavy equipment such as loaders, excavators, trucks, etc. that can be used for various projects is a great asset on any construction company.
Company image
Owing your own heavy equipment can be a plus to potential clients. It shows that you are a stable, trustworthy business. Moreover, you can quickly react to unexpected changes in projects and instantly take on jobs.
Placement and storage
Keep in mind that your own heavy equipment requires special space to store it. Adverse weather conditions could damage it, as well as leaving heavy equipment outside is unreliable.
Heavy equipment maintenance with Snappii
All heavy equipment, especially your own, require regular maintenance. It should be inspected in time to avoid damages, delays and incidents. Snappii offers a way to do it extremely fast and simple. Heavy Equipment Inspection app allows users to quickly collect all necessary data, fill in pre-made mobile forms, generate professional PDF or Excel reports, print and share them via email, text message, cloud storages and other ways, store all the data locally on the device and more. Keep heavy equipment in a good working order and save time and money.
Even if your HVAC system is rather new, and it seems to be running just fine, it needs regular maintenance and inspections. It will allow you to make sure your HVAC system works efficiently, and that you’re getting value for the money you paid for it. Also the safety of your home and your family depends on it.
Inefficient work with construction labor and resources can result in low productivity and financial losses. It is important for contractors and construction managers to clear evaluate the productivity of the equipment and the laborers in different processes. They bid a scope of work and payment based on this evaluation. There are some factors affecting labor productivity losses on a construction project. An accurate management and timely response can help avoid or adapt to them and reduce any losses.
Filling out timesheets is a major challenge among employees, especially working in the field. However, whatever the reason of this process, whether it’s to be specific rules compliant or to better understand the efficiency of workflow, the end result is the same – all employees should get on board, track their time and deal with timesheets. Sometimes a team may need a kick of motivation to inspire them to submit their timesheets in a proper way and on time. Here are some tips that could come in handy.
The main thing all families with elderly members worry about
Managing construction projects is not a small process, frequently dealing with unique challenges. It includes hundreds of actions to be done, timelines to be met and projects to be delivered. There are some practices that ensure efficient management and the entire team moves fluidly.
The importance of proper safety culture and timely response
Paper documentation steps back
The mining industry continues searching for the ways of productivity improvement. Companies should establish new technology practices that will enable them to become more efficient and productive. According to some studies, 70% of mining and oil industry respondents believe the use of mobile technology has prevented or reduced worker incidents and their related costs, and 86% believe that the use of mobile technology reduces paperwork.
A properly working extinguisher could save many lives. To ensure that fire extinguishers are in good working condition, their inspection should be conducted monthly. Businesses can bring external professionals or train their own employees as part of an overall fire safety strategy. It is critical that employees know about the most common issues, identifying during an inspection, and knows how to respond accordingly. Here are 5 mandatory steps of proper fire extinguisher inspection.
Employees are the most valuable resource in any company. Managing them correctly can make or break a bottom line. That’s why an employee attendance tracking is essential in employee management. Managers should carefully monitor vacation time, sick days, personal leave time, days off, etc. This influences the payroll and ensures no discrepancies arise. Poor attendance management can lead to a loss of business productivity and profit as well as a higher turnover rate. This way, well-managed attendance system can increase the overall efficiency of the company. Special mobile app can become the best tool for accurate attendance tracking.
Like most industries, restoration is rapidly evolving. To meet growing customer demand, restoration companies must operate fast and thorough. Availability of proper-functioning and reliable restoration vehicles in such companies are crucial for appropriate and timely service. Therefore, it’s extremely important to effectively manage fleet maintenance and ensure all restoration vehicles are in good condition. Here are some tips to improve restoration fleet maintenance.
