5 Ways to Cut Construction Fleet Management Costs

21 May 2020

Construction fleet management costs can make or break a business budget. That’s why it’s essential to ensure you’re getting the most out of your business without spending more than necessary. These are five innovative ways you can cut your construction fleet management costs without sacrificing essential items from your fleet.

  1. Improve Fleet Maintenance

Fleet maintenance cuts costs in ways the average fleet manager may never realize. It does this by optimizing the operation of fleet vehicles, reducing maintenance related accidents and breakdowns, and maximizing the life and usefulness of fleet vehicles. It’s a total win for your organization when it comes to managing and cutting costs.

  1. Eliminate Unnecessary Overhead

Unnecessary overhead is a financial burden no construction fleet can easily tolerate. Most construction fleets operate under tight budgets. The last thing you need is unnecessary equipment clogging up your bottom line and costing you money you can ill-afford to spend. Identify the pieces of equipment that get regular use and those that are only used occasionally. Do the math to determine whether it is in your best interest to eliminate the overhead and maintenance of rarely used equipment and rent them, as-needed, instead.

  1. Reduce Theft

Theft is a bigger problem than most people in the construction industry realize. It is widespread and difficult to contain. Adopt tighter site-safety protocols to help minimize theft and consider other alternatives, such as the following:

  • Improving lighting on job sites.
  • Keeping live security on-site 24/7.
  • Use GPS asset tracking on equipment and tools.

Reducing theft can account for cutting a surprising number of thefts each year, even incidental or accidental thefts.

  1. Promote Better Driver Safety

Reducing tickets, accidents, injuries, and higher insurance costs by promoting driver safety improvements throughout your organization can be instrumental in cutting costs, long-term costs, and saving your construction fleet a ton of money. This needs to be an ongoing priority for your fleet.

  1. Invest in GPS Fleet Tracking Services

One investment in a quality GPS fleet tracking service can help you accomplish all these things and more, by allowing the following:

  • Monitoring and reporting on equipment usage.
  • Reporting instantly when drivers engage in specified negative actions such as speeding, aggressive acceleration, hard braking, excessive idling, etc.
  • Providing live tracking for equipment and assets discouraging theft and facilitating the swift return of equipment when it occurs.
  • Automating the process of scheduling maintenance for fleet vehicles.

These are just a few things you can do to cut your costs and improve profitability for your entire construction fleet in the coming year and beyond.

Questions about LiveViewGPS fleet tracking solutions? We can help! Call us at 1-888-544-0494.

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