Construction machines play an important part in the progress and success of a construction project. The right equipment affects the time and effort required to complete the project. Availability and deployment of the right equipment make the job safer and much easier to do. They are the base for the success of the construction projects. Upgrading construction equipment at the right time is essential to take their full advantage. Doing it increases work productivity, reduces the chances of accidents and work-related injuries, increases efficiency, and reduces time to finish the project. Let us look in detail at the benefits the up-gradation of construction machinery entails.
1. Raises Productivity, Decreases Downtime
Old machinery results in more downtime due to frequent breakdowns. It also negatively affects productivity due to outdated technology and slower output. Upgrading construction machines leads to higher productivity and increased output. Some argue that training operators in new machinery also leads to downtime and disruption of work. But the training hours can be clearly calculated and are nothing compared to wastage to time and resources due to breakdown of outdated machinery. Also, the vastly increased output easily covers the downtime generated by training hours.
2. Increased Versatility and Multi-Tasking
New equipment benefits include advanced features and versatility. While the old equipment may do only a certain type of work, new machinery performs a variety of tasks equivalent to a number of old machinery in less time.
3. Timely Completion of Projects
Old machines usually delay the project due to increased breakdowns and slower work output. New and upgraded machinery ensures the project is completed on or before time. Generally, in construction project contracts, there are bonuses for completing the work before time. Successful completion of projects thus allows you to avail these bonuses and make extra profit.
4. Increase in Project Capacity
How important is having modern facilities and equipment? Very important as along with other benefits they allow you to prepare for bigger future projects. Upgraded machinery completes the ongoing projects in a shorter period, thus increasing your outfit’s capacity to take on new projects.
5. Increases Goodwill, Enhances Brand Value Resulting in Increased Business
The timely completion of projects due to upgraded and advanced machinery will increase your organization’s goodwill and enhance the brand value. This in turn will increase your business prospects and building a returning customer base and prospects of getting new clients.
6. Higher Quality of Work
Upgrading construction machines leads to high-quality work. New machines employ advanced technology leading to easier operability and less risk of errors. The new equipment will be durable with better accuracy and fewer instances of breakdown. This reduces considerably the chances of project creep thus resulting in early completion of the project, better quality of work, and lower costs.
7. Cost-effective Option
Though entailing initial investment, using upgraded machinery is a cost-effective option in the long run. Old and outdated machinery requires higher and frequent maintenance. It also consumes large amounts of fuel, which increases the project expenditure. Old machinery also requires more amount of time to finish a particular work. New machinery has reduced maintenance costs and increased productivity. It also has better fuel efficiency which means less expenditure on fuel. Shorter completion times and increased workload capacity lead to getting more contracts and jobs and thus increased revenue. It offsets the initial investment within a short period and increases profit for the organization.
8. Increased Worker Safety
Older machinery has lesser safety features and monitoring instruments compared to new ones. This can lead to malfunctions, breakdowns, and workplace accidents. The medical & insurance costs and work shutdowns due to these incidents substantially increase the expenditure costs of the project. New equipment benefits include better safety features, fail-safe mechanisms, upgrades, and more monitoring equipment. All these prevent and reduce job site accidents and make for a safer workplace. This significantly reduces medical and insurance costs and also increases productivity due to reduced shutdowns.
9. Healthier Work Place
Older construction machinery generates harmful emissions. These include dust, fuel exhaust, soot, Carbon Dioxide, and Carbon Mono-oxide emissions among others. These are bad for health and for the general environment. Upgraded machinery has clean fuel-burning technology and generates fewer emissions and also consumes less fuel. Better health of your personnel means lesser absenteeism and higher productivity. By buying upgraded machinery you are doing your bit for the environment and at the same time keeping your costs low with high productivity.
10. Raises Employee Morale
Human resources are an organization’s greatest asset, greater even than the machines. You need to train personnel to operate these machines. Motivated workers are the basis for building and growing any business. Upgraded construction machines improve employee morale and motivate them to work better. Your workers will not be burdened unnecessarily using old outdated machinery. They will feel valued and empowered working on the latest machinery. Your workers will gain new skills. New machinery will make their work easier. The benefit to the company includes earlier completion of the project due to raised efficiency and higher quality of work.
11. Gaining Competitive Edge
In construction, competition is decided in the equipment garage. Buying upgraded and technologically advanced machinery gives you an edge over the competition. You finish projects early and bid for new contracts. Since new machinery lowers the costs of the project, you can offer your clients the best quotes. Prospective clients may visit your job sites or machine storage facilities and be suitably impressed at the sight of new upgraded equipment. Quality of equipment reassures and convinces them about the quality of your work. You gain new clients and be a step ahead of your competition.
Conclusion
Upgrading your heavy equipment list increases productivity, improves work efficiency, reduces downtime, ensures worker safety, and makes your business more functional. Upgradation of machinery is essential and critical for construction business success. Instead of viewing it as an expense, treat it as an investment and necessary step for growing your business.
