Quality Control Checks
Asset Monitoring
Training Records
Inspections
Enhance visibility, digitize usage manuals, and maximize the use of construction equipment and tools.
SafetyCulture has helped businesses around the world achieve
*Reported in Forrester’s study: The Total Economic Impact™ of SafetyCulture’s Operations Platform
✓ Streamline processes ✓ Improve communication ✓ Minimize risks ✓ Boost productivity
The most prominent risk associated with poor asset management in construction is the derailment of project goals. When an organization is unable to effectively manage and utilize its assets, it can cause a breakdown of equipment. This can lead to safety risks, project delays, added costs for repairs, and legal risks because of possible noncompliance.
Technology plays a pivotal role in supporting construction asset management by providing tools and systems that streamline processes for improved efficiency. Typically, digital platforms are used to enable real-time tracking and monitoring of assets while enabling seamless integration with existing systems.
By incorporating technology into construction assets, companies can optimize asset performance and reduce associated risks, leading to a more successful project outcome.
Construction asset management software is crucial for all stakeholders during a project. However, it is most beneficial for contractors, owners, and architects, as they are responsible for overseeing assets based on how these are used in the construction process.
SafetyCulture is a platform with features that make it easier to conduct scheduled inspections and create actions that revolve around your assets. It can be customized according to your organization’s needs and includes powerful data analytics to monitor trends and other important information involving assets. This makes it easier to gain visibility over the assets used in construction, which typically involves a lot of machinery and equipment that need to be accounted for.
Construction asset management is essentially a comprehensive framework for coordination schedules, resources, and overall operational efficiency. As such, it aligns closely with other aspects of project management by ensuring all necessary equipment and materials are in optimal condition and availability to prevent delays.
Integrating with other existing processes also leads to more synchronized workflows that allow for better budget allocation, procurement, and quality control for optimal results.