Four ways to effectively manage construction equipment

By Neeral Shah 2023-08-04T06:00:00

When times are tough and there is pressure to cut costs, that is when opportunities to streamline operations start to show themselves, says Neeral Shah of Yardlink

The construction industry recently recorded the highest number of insolvencies across all sectors. This shows that, while many firms are starting to bounce back from the impact of the pandemic, others are still struggling. And it’s easy to understand why.

The current macroeconomic headwinds have caused the cost of materials to surge, pushing up the price of project delivery. Borrowing costs continue to rise, making bridging loans unattainable. Not only that, but many contractors are still locked into pricing agreements with clients that pre-date the pandemic, causing profit margins to suffer.

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