Although deemed essential, the construction industry is likely to see both short- and long-term impacts due to COVID-19. Various factors such as supply chain disruption, shortage of materials, reduced worker availability, and termination of contracts are expected to impact the industry in the coming months, making it crucial for construction businesses to keep operations lean and efficient. This article highlights how employing a Field Resource Management software can not only help improve operations, but also assist your organization in saving money.
Reduce Fuel Costs
Wasteful behaviors such as excessive idling, speeding and personal vehicle use can end up costing organizations hundreds, if not thousands, of extra dollars a year. A study by the United States Environmental Protection Agency (EPA) found the average fleet vehicle wastes up to 800 gallons of fuel annually by idling alone. A Field Resource Management system can help you catch and correct these poor habits before they cut into your bottom line by alerting supervisors of:
- Excessive idling incidents
- Speed limit violations
- Recommended maintenance dates
- Vehicle location history
Reduce Payroll Fraud Costs
Projects can quickly go over-budget when crews arrive at job sites late, take extended lunch breaks, or leave early. According to a Forbes article, up to 40% of a construction worker’s labor hours are unproductive. Using a Field Resource Management system can help you recoup this wasted time by informing management of:
- Job site arrival and departure times
- Shift violations
- Geo-fence alerts
Reduce Theft Costs
According to the National Insurance Crime Bureau, over $1 billion dollars worth of equipment is stolen annually in the United States. This is often due to thieves specifically seeking out and targeting job sites lacking proper theft prevention. A Field Resource Management system can help you secure your equipment by monitoring unauthorized activity with:
- After-hours activity alerts
- Power disconnect alerts
- Towing alerts
- Breadcrumb activity tracking
As you know, managing a construction project requires a lot of work, but taking advantage of the Field Resource Management tools available can significantly help you manage everyday tasks, stay in touch with your workers, and ultimately, save money!
This is a guest post from FieldLogix. Since 2002, FieldLogix has been one of the more enduring and efficient Field Resource Management companies in the industry. The Industrial Internet of Things (IIoT) company helps organizations improve the monitoring and managing of their mobile and fixed assets.