Asset Management in Construction

Implementing asset management software in construction businesses can enable project owners and site managers to maximise the usability of assets that are crucial for day-to-day operations across multiple sites, buildings and plants.

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A Buyer’s Guide to Implementing Asset Management Software in Construction

Table of Contents

  1. What Typical Features are Found in Construction Asset Management Software?

  2. Considerations Before Purchasing Construction Asset Management Software

  3. The Benefits of Asset Management in Construction

  4. A Quick Summary of What Asset Management Software Can Offer Your Construction Company

  5. Expert Guides to Construction Asset Management

What Typical Features are Found in Construction Asset Management Software?

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Considerations Before Purchasing Construction Asset Management Software

As part of the research into choosing the right asset management software for your construction business, it can be essential to first identify the company’s goals. By doing so, a site manager or project owner can identify what is needed from the system to deliver the best results.

This not only applies to the company’s current needs but for future requirements too. Most commonly, the right software can be found by simply asking a few questions:

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The Benefits of Asset Management in Construction

²2017 Allianz Insurance report

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A Quick Summary of What Asset Management Software Can Offer Your Construction Company

Asset management software enables businesses to maximise the usability of their assets. And, by implementing it into the construction industry, it can also allow project owners, construction managers, and contractors to enhance assets that are critical for day-to-day operations.

Making up a total of 6% of the UK’s economy and contributing £117bn in 2018¹, the construction industry continues to grow year-on-year. Yet, much of the sector remains un-digitalised in terms of managing assets. But, with a construction asset management system in place, businesses can accurately track and record valuable assets.

Collecting key asset data can help construction companies track assets such as vehicles and tools across multiple sites, build a comprehensive and accessible database, and determine each one’s total cost of ownership.

One main feature of using asset management in construction is the ability to understand an asset’s complete life cycle. This allows an asset to be tracked from its acquisition to its disposal. With the aim to better understand an asset’s operational life and maximise its overall Return on Investment (ROI).

¹Makes up 6% of the UK’s economy and contributed £117 billion in 2018

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Expert Guides to Construction Asset Management

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The Benefits of Managing Construction Equipment with Asset Management

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6 Benefits of Implementing a Cloud Based Construction Asset Management Software

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