Equipment Management

Equipment Management is an area of construction management where money can unknowingly be lost. Specialized equipment may be purchased to perform particular work on a particular job but accurately "charging" a job or determining a "fair rate" for operating the equipment on that job is tricky. Do you make money on your equipment? Break even? Lose money? It may be just a guessing game with little "real" data to make or support your rate decisions and equipment management fees.

ComputerEase's Equipment Management module provides you with a gold-mine of information about your equipment. By tracking equipment information effectively, you can determine the real cost of ownership and operation for each piece in your fleet or tool cabinet. Charging accurate rates allows you to earn money on your equipment rather than losing money.

ComputerEase also provides the capability to set up preventative maintenance schedules and to track service histories. Equipment management tools help you take the proper care of equipment investments and let you easily spot pieces that are becoming, too, costly to own and maintain.

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[Read Transcript]

"Actually bill those costs to your jobs"

Toni Clever
Special Projects
Grote Enterprises

A lot of contractors may not rent to a third party. Uhm, in this one case, they actually did rent stuff out to other contractors and other different companies and different entities but I think what's even more powerful is you can go ahead and take your equipment in the logistics division and you can go ahead and use that rental module and actually bill those rental costs to your jobs, which allows you to capture and keep track of all of your equipment, what you're renting and putting that into the job. So I believe that, a lot of times, you'll hear about the equipment rental module and the contractors think. Well, I don't need that. I don't rent equipment. That's not my business. But, actually, it is. I mean, if you're tracking what the cost is to make sure that you can cover and earn money on your jobs to replace that equipment when it becomes obsolete or needs repairs done to it, that gives you a more accurate job costing and I think it's real powerful if people look at it that way.