TECHNOLOGY
as one that ’ s maintained , which has a massive effect on job site schedules and profitability , ranging from thousands of dollars to millions .
Underutilization occurs when contractors buy or rent more equipment than they really need , and it ’ s often an unfortunate side effect of suboptimal usage tracking and typical job cycles that only put equipment in use for brief periods every few months . Some estimates indicate that the average contractor ’ s equipment sits unused 70 percent of the time . Fortunately , contractors can easily illuminate both of these
hidden costs and reduce them . Using Tech to Melt the Iceberg Technology is transforming asset ownership and melting the iceberg of equipment costs . Here are three modern ways contractors can maximize the value they see from their fleets :
1 . Manage fleets with telematics The first and most important step of melting the iceberg is to deploy a telematics-driven fleet management solution . This is the only way to gain the usage , performance , and cost analytics needed .
EquipmentShare powerful software allows you to manage your equipment assets
18 October 2016