Repair or Replace: Are Your Assets Really Worth It?

www.EQUE2.CO.UK EQUE2 REPAIR OR REPLACE ARE YOUR ASSETS REALLY WORTH IT? How effective construction asset management can help you make essential decisions that can have an impact on the wellbeing and success of your entire operation When the amount of new work falls, so does repair and maintenance – figures released by the Office of National Statistics in January 2014 showed new work in the previous November fell by £240m and repair and maintenance by £155m. 240m IS THAT A VICIOUS CIRCLE? Clients are asking for less work, so you decide you can't afford to replace an asset, such as a piece of machinery. But not having that asset affects your operations - which may make clients less likely to use you again... Construction contractors invest two to three times more in intangible assets such as design and organisational innovation than in tools and machinery. FACT REPAIR SO HOW CAN GOOD CONSTRUCTION ASSET MANAGEMENT HELP? Because it can help you calculate whether it's economically more viable to: REPLACE TAKE NO ACTION CONSTRUCTION ASSET MANAGEMENT CAN HELP YOU ANSWER THESE FIVE IMPORTANT QUESTIONS AND DISCOVER THE ECONOMIC LIFE OF AN ASSET: How old is this How much did it Is it fit for How long doT What's the equipment or cost me? purpose? think it will last? economic system? impact if it breaks down now? HOW CAN A GOOD SOFTWARE SYSTEM HELP YOU WORK OUT THE PROS AND CONS EASILY? There's a lot of maths in calculating repair costs over the life of an asset. You can estimate repair cost as a 1 percentage of the purchase price You can add up repair costs and put them against hours the machine has been used A construction asset management software system can take the strain - tracking all the data and helping you make important decisions. EQUE2 EQUE 2 7 CHARACTERISTICS OF HIGHLY EFFICIENT CONSTRUCTION COMPANIES 7 CHA OF HIGH CONSTRI Make sure your compan Characteristics to BUCCE construction. Make ture your Domparny displayn these craracteristics to Eucceed in the hew are of construction. www.O.5OUK Discover how to make your company more efficient to keep your assets well managed: 7 CHARACTERISTICS OF HIGHLY EFFICIENT CONSTRUCTION COMPANIES DOWNLOAD NOW 155m