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Construction, Equipment Management

How to Increase Construction Equipment’s Lifespan

By Dr. Alex Wong
July 14, 2022 • 3 min read
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How to Increase Construction Equipment’s Lifespan
Home 5 Industries 5 Construction 5 How to Increase Construction Equipment’s Lifespan ( Page 8 )
Functioning equipment is critical to the smooth operations of any construction site. Without it the job simply can’t get done. From hard hats to cranes, each piece of equipment is essential to safe and speedy operations. However, the busy and hazardous nature of construction sites can make tracking and maintaining equipment a challenge. Far too often pieces of equipment become lost or broken leading to downtime and inefficiency. Equipment tracking offers a solution to this by giving you the tools you need to manage your equipment wherever it is. As a result, construction businesses can extend the lifespan of their equipment and enjoy greater productivity.
How To Use Equipment Checkout Software


What Is Equipment Tracking?

Equipment tracking is a way of keeping a record of everything a business owns and how it is behaving, allowing users to access the location of their equipment in real time. From a centralised online dashboard, users can view the status of each piece of equipment, its usage and assignment schedules. This makes managing maintenance and repairs a breeze.

Equipment tracking works by attaching physical asset tags or barcodes to physical assets. This enables the equipment to be tracked as each time the barcode or tag is scanned, the location of the asset is automatically updated in the online asset register. The type of tag you choose depends on the application but they all achieve the same outcome: letting you know where your asset is and how it’s behaving. With the addition of asset tracking software you can store all the relevant information about your assets, such as location, contact information, owner, and maintenance history, in a centralised online system.


How Equipment Tracking Can Increase Assets’ Lifespan

There are so many risks associated with the challenging environment of a construction site, equipment tracking makes managing equipment one less thing to worry about.


1. Maintenance reminders

When valuable pieces of equipment are out of action this can have a direct impact on the productivity of your workforce, costing you time and money. Maintenance reminders can help to improve the longevity of assets by reducing the need for replacements and lowering the risk of depreciation. Using our equipment tracking software you can create an online asset profile and add relevant information to it, such as who the assets are assigned to, issues for maintenance and even user manuals.

As a result, you receive handy notifications when an asset requires servicing or maintenance as well as the cost and utilisation of your equipment assets. With itemit you can build preventative maintenance strategies by setting monthly, bi-monthly, quarterly or annual maintenance schedules or use your own schedules. This results in fewer unexpected problems and the foresight to make them fit around varying schedules.


2. Lifecycle management

Construction equipment goes through extensive wear and tear in a short space of time due to the nature of construction sites. This can significantly reduce the expected lifespan of equipment. But with good lifecycle management, this can be alleviated. Equipment tracking keeps track of your assets through every stage of their lives: from procurement and maintenance to depreciation and disposal.

Keeping an up-to-date record of your assets means maintenance happens when it needs to, without the risk of further depreciation. With effective use of the equipment tracking businesses can gauge when an asset will reach its optimal peak performance and analyse how long it will remain useful. This allows business to make better procurement decisions, maximise the efficiency of equipment, and reduce needless spending costs and maintenance. This data-driven approach to asset management ensures construction businesses get the most out of their assets and can use them for as long as possible.


3. Increased equipment uptime

By managing and tracking your assets from a centralised dashboard, you can see a timeline of your assets at a glance. This ensures your assets are in good working order, optimising the efficiency of your operations and increasing equipment uptime. Seeing where equipment is being used and specifying appropriate roles allows you and your team to ensure that the equipment is being used in the right way. This means your equipment is less likely to suffer from misuse or unauthorised usage, helping to protect the equipment from unnecessary wear and tear. Equipment tracking allows users to take better care of their assets, this inevitably leads to better utilisation and prolongs their lifespan.

itemit’s Equipment Tracking

itemit offers complete construction asset and equipment asset tracking solutions, allowing construction businesses with multiple locations to keep track of which equipment is on each site. With up-to-date online profiles of your assets your business can prevent asset downtime and minimise the risk of emergency repair costs. This can drastically extend the lifespan of your equipment and maximise the return on investment. As a result, your business is able to perform more effectively and efficiently.

To find out more about itemit’s equipment loan software and how it will help you, you can contact our team at team@itemit.com that’s always happy to answer your queries. You can also fill in the form below to start your 14-day free trial.

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Dr. Alex Wong

Article by

Dr. Alex Wong

Dr. Alex Wong is the CEO & Co-Founder of RedBite Solutions, a spin-out from the University of Cambridge and creators of itemit. For more than 2 decades, Alex’s innovations have disrupted industries and reimagined traditional solutions, delivering breakthrough results. A pioneer of the RFID EPC Network and IoT, Alex has shaped modern tracking technologies. RedBite powers the world’s largest RFID deployment across 60+ countries and launched itemit, a leading barcode, QR code, GPS & RFID SaaS tracking platform. Dr. Wong holds a PhD in Engineering from Cambridge and remains an embedded researcher, leading EU & Innovate UK projects to bridge research with real-world applications.

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