Construction equipment is costly to hire or buy, and it makes up a significant part of any construction company’s investment. Without a trusted material handling equipment supplier, it’s virtually impossible to secure a contract or undertake any work. Construction equipment that goes for long without routine checks and regular maintenance often gets damaged in the long run, and this calls for expensive repairs that may affect your company’s bottom-line in a negative way.
Taking more time to plan and implement preventative maintenance on all construction equipment pays off by reducing equipment damage and chances of making expensive repairs or equipment replacement. Well-maintained equipment may also fetch you a better resale price if you’ll need to dispose old equipment to get new state-of-the-art construction equipment. So, why should you conduct regular checks and maintenance procedures on your construction equipment? Here are the top five reasons why you should always do proper construction equipment maintenance.
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Safety
Workplace injuries often attract lawsuits whose workman’s compensation runs into millions of dollars each year. You can’t foresee and control all circumstances at work to prevent injury or property damage. But by conducting proper construction equipment maintenance you can minimize the occurrence of accidents. As such, you should fine-tune your equipment and check for faults on a regular basis to detect any minor damages before they can get out of hand and cause more losses or harm to your equipment operators.
Operational Efficiency
Better machine operational efficiency is the pursuit of all construction contractors and a high level of operational efficiency improves the ROI and bottom-line. Properly maintained equipment is efficient in their work and they better operational efficiency if they’re in good shape. The routine preventative maintenance of construction equipment ensures that they’re in proper working condition and they can deliver their best to the user because they’re at optimum performance. It’s thus imperative to check and fine-tune your equipment to get the most out of them.
Insurance, Accreditation, and Records
Some trade or industrial organizations require a company under these organizations to regularly maintain their equipment in order to get accreditation and retain their membership and benefits. The same also applies to insurance companies, whose payout to policies on such equipment is dependent on the company’s routine maintenance of construction equipment and the filing of relevant routine maintenance documents. Your company may fail to qualify for compensation or get minimum compensation if you don’t maintain the equipment on a regular basis.
Warranty Cover
Like the insurance covers on equipment, the warranties offered at equipment purchase time can cover replacement parts and other equipment damage problems. But like the insurance, the benefits that your company can get when equipment gets damaged depends on whether you’ve been carrying out regular maintenance on your equipment. In essence, you have to maintain your equipment on a regular basis and document the processes of maintenance to get your warranty honored. It’s imperative to read the fine print on your warranty documents and know what’s required.
Resale Value and Avoidance of Breakdown Emergencies
At some point, you may want to dispose your company’s construction equipment to get new state-of-the-art equipment as construction technology advances. You can sell your old equipment and get some finances to fund your new purchase. But to get the best price you have to maintain the old equipment and keep it in good shape to get a good price. Also, emergency breakdowns on equipment may halt your operations and lead to expensive repairs, part replacement, and downtime. As such, it’s ideal to maintain your equipment to detect and repair small problems before they cause major equipment failures and emergencies. To get further help and guidance on construction equipment maintenance Click here.
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