Inflation Is Still Hurting the Construction Industry According to Recent Data
Recent data published by the Associated General Contractors of America illustrated that through the end of Q4 of 2022, the costs of materials and services utilized in nonresidential construction continued rising at a double-digit rate from a point earlier in the year. As the CEO of the association stated, “Construction prices will continue to increase until prices come down a bit more for key materials and services”. Leaving many in the industry pondering… How can I gain a competitive advantage over my competition to combat these inflated costs?
Advanced Construction Equipment Tracking
The answer to that question lies in implementing an advanced asset-tracking solution to your construction operations. The way CallPass sees it, when you win, your customers win. That is why we continue to provide advancements in our robust tracking solutions to cater to various industries, with the construction industry being a key player.
Through innovative insights and real-time visibility construction companies of all sizes have learned the true value of adding GPS trackers to their construction equipment. Monetizing their assets and allowing them to maximize their ROI (return on investment). A perfect combatant to the heightened cost of doing business in today’s economy places us in, the LANA Asset solution is allowing businesses to secure more business through its array of benefits. Continue reading to learn how you can do so with your construction business!
Provide Cost Savings You Acquire to Your Customers
When you optimize your asset management for your construction operations you will immediately streamline multiple cost-saving outlets for your business to capitalize on and pass on to your customers, helping you acquire more business.
Below are a few of the benefits where your company will see savings:
- Prevent Total Asset Loss From Theft
With real-time alerts and notifications on sudden, unplanned movements on your construction equipment and machinery you will be able to catch potential thieves in their tracks. Hold the peace of mind you deserve with real-time GPS tracking and prevent your business’s bottom line from being hurt by replacing equipment.
- Maximize Employee Time
When your employees are forced to burn valuable time tracking down a particular asset for your team’s use, you are not only wasting time they could be productive, but also taking burning through payroll.
- Prevent Expenditures & Downtime Due Poor Maintenance
Furthermore, another great cost-saving opportunity afforded to those who adopt an advanced asset-tracking solution is the ability to accurately plan for maintenance and avoid unnecessary servicing on your high-value machinery. Through tracking engine hours and idling, know when it is time to service your equipment and avoid paying thousands and pausing your operations when you easily could have.
- Score Insurance Savings For Your Construction Business
For construction companies, working with such high-value equipment and assets means covering them with insurance is often on the table. Did you know that when equipment is paired with a GPS tracking device, insurance companies are commonly offering premium discounts? That’s right! They recognize the value they provide through the items listed above, and more, and want to reward you for investing in protecting from theft or failure.
Don’t Let Your Business Miss Out On Its True Potential
Whether it be your yellow iron, telehandlers, tower lights, or more… CallPass has a tracker that is ready to be paired with our innovative software platform to elevate your construction operations to its true potential.
With top-of-the-line pricing that is competitive with any other provider, our team is ready to speak with you to learn more about how your business and how we can help you help others. Contact the CallPass team today by clicking the button below.
