What is Construction Asset Management Software?
Construction asset management software is a specialized tool designed to help construction companies track, manage, and maintain their assets efficiently. This software typically includes features such as inventory management, maintenance scheduling, equipment tracking, and work order management. The platform helps companies improve asset utilization, reduce downtime, and increase productivity. Additionally, construction asset management software can provide valuable insights into asset performance and help predict maintenance needs, ultimately leading to cost savings and improved operational efficiency.
Benefits
There are many benefits to using construction asset management software, including:
Centralized asset management – All asset-related information is stored in a centralized location accessible to all team members. This eliminates the need for manual tracking and minimizes errors.
Real-time data tracking – The software allows for real-time tracking of assets, providing accurate insights into their utilization, maintenance status, and overall performance.
Reduced downtime – By monitoring assets’ performance and predicting maintenance needs, companies can proactively address potential issues before they cause significant downtime. This can lead to increased productivity and cost savings.
Improved compliance – Construction asset management software can help companies stay compliant with industry regulations and safety standards by tracking maintenance schedules and ensuring equipment is up to date.
Enhanced inventory management – The platform helps companies track their inventory levels in real time, minimizing the risk of stockouts. This ensures that the necessary tools and materials are always available for projects, preventing delays and cost overruns.
Increased efficiency – Construction asset management software helps improve overall operational efficiency by streamlining asset management processes in real time. It reduces the time spent on manual tasks such as data entry and paperwork, allowing teams to focus on more critical tasks.
Key Features
Most construction asset management software has various features to help companies efficiently manage their assets. Some features to look at include:
Asset tracking
Inventory management
Maintenance scheduling
Work order management
Reporting and analytics
Choosing the Best Construction Asset Management Software
When looking for the best construction asset management software, consider your business needs and look for a platform that offers features that align with those needs.
The table below provides a comparison based on free versions, pricing, and mobile app accessibility, providing the necessary information to make informed decisions.
Construction Asset Management Software | Free Version | Paid Plan | Mobile App |
SafetyCulture | Yes | $24/user/month* | Yes |
Align EAM | None | Custom pricing | Yes |
AgileAssets | None | Available upon request | Yes |
Contractor Foreman | None | $49/month* | Yes |
Buildertrend | None | $199/month | Yes |
CMiC | None | Available upon request | Yes |
Reftab | Yes | $31.25/month* | Yes |
Tenna | None | Available upon request | Yes |
* billed annually