The construction sector is extremely capital intensive, utilizing complex and expensive plant, machinery, and equipment, including a vast array of smaller items and tools for its business operations. Items are quite often distributed across many different locations that are far from each other. During construction projects, necessary items need to be located at the right place at the right time.
In addition, to remain productive and efficient, all items of plant, machinery and equipment require regular and timely maintenance. Any downtime can result in project delay or failure, the imposition of contractual financial penalties and a loss of good reputation.
All core, support, and management processes, including those for equipment investment, preventative maintenance operations, and management of leasing contracts etc. are very suitable for digitalization. Significant daily savings can be achieved, resulting in efficiency improvements and increase of companies’ KPIs