Reducing do-overs and avoiding downtime is easier said than done, especially when a project has suffered work interruptions. Many 2020 projects continue operating with a reduced workforce and money has been tight. One of the inefficiencies that haunt construction projects is construction equipment failures.
Fallout From Construction Equipment Failures
Insurance companies say not recognizing the risks of construction equipment failures is problematic. (Remember, “Plan for the worst; hope for the best?”). Project managers should put mitigation equipment failure measures in place by creating actionable processes before the project begins.
Failure to mitigate equipment failure risks can lead to:
- Equipment/machinery needing to be quickly replaced
- Liability exposures/on-the-job accidents
- Project delays/losses
- Safety/environmental non-compliance due to defective machinery/equipment
Preventive, Predictive, and Reactive Maintenance
Obviously, preventive maintenance is key to maximizing equipment performance. Construction equipment is designed to work hard and long with proper care. Manufacturer-recommend maintenance and parts replacements are basic and preventive.
Predictive maintenance is data-driven: You use historical and performance statistics to best-guess when a piece of machinery or equipment is likely to fail. Then you put a plan in place for that event so your team can make an almost seamless transition and fast response.
Reactive maintenance is another way to keep a project on-time and within budget. Using a checklist, inspect each piece of equipment. If a problem is identified, reactive maintenance manages the problem sooner, rather than later. Corrective repairs take time, but they are easier, smoother, and usually more effective when you’re not under pressure.
Technology Facilitates Communication
Eighty-four percent of construction equipment repair time is spent coordinating and communicating with managers, repair specialists, manufacturers, and team members. The repair itself is much faster.
When you use technology to put a predictive plan in place for equipment failure, you’re going to save time. And you’ll have a better profit margin because of less downtime.
Construction Monitor also offers a technology tool that can lead to increased profit. The information you get from our customized datasorts is knowledgeable and actionable. You simply have to use it. Building permit information can lead to better business – more business.
Call 800-925-6085 or contact Construction Monitor to learn how.