One of the more common ways construction companies lose money is through equipment loss and theft. According to the American General Contractors, in 2008 the average construction company lost $17,000, of that 85% was employee related. Often when employees stop working for a company they will either unintentionally, or intentially fail to return company equipment. A similar scenario occurs when lending equipment to other companies or individuals. How many time have you lent out a piece of equipment, forgot about it, and never saw the equipment again? Yet another common way construction companies lose equipment is simply by forgetting to collect their equipment at the completion of a project.
The Equipment Manager was designed to allow you to easily know where your equipment is at any given moment. In the event of theft you can easily lookup the equipments picture, make, model, serial number, and estimated current value. According to American General Contractors, simply knowing where your assets are and who has them can reduce your losses by 60%.