May 15, 2022

Smart Growth: Leveraging Telematics to Grow Intelligently

Tech Talk

2022 is shaping up to be a year of tremendous growth: growth in construction starts, growth in equipment costs and growth in the labor force.

"I think that 2022 is going to be very busy for (construction industry professionals)," said Anirban Basu, CEO of Sage Policy Group and chief economist for Associated Builders and Contractors, in an interview with the Engineering News-Record. "Think very long and hard before you enter into contractual obligations. Make sure you build enough margin and contingency."

The American Rental Association is also forecasting a 10.2% increase in revenue for 2022, reflecting a projected increase in construction projects spurred on by infrastructure spending and economic recovery from the COVID-19 pandemic. Are you ready for more bidding opportunities, more jobsites, more equipment and personnel to manage? With T3 technology from EquipmentShare, you can do more than keep up – you can grow intelligently.

Controlling costs

Managing equipment needs on the jobsite can be a challenge. When you can accurately match your equipment needs with project requirements, you save money now and create more competitive bids for future projects. With T3 telematics from EquipmentShare, you’ll have an unparalleled view of your rental fleet on a single, easy-to-use dashboard. 

For example, you can use actual data from your own jobsites to identify cost saving opportunities in real time. T3 will show you exactly which equipment is underutilized or isn’t being used at all. With just a few taps on your mobile device, you can return that equipment or deploy it to another jobsite. You have all the information you need to make the smart decision.

“We have the T3 telematics on our entire solar pile driver rental fleet,” said James Bartley, owner of Solar Pile Driver Rents, “We love it!”

T3 also helps you keep your equipment working smoothly and avoid costly downtime. The system alerts you to urgent equipment issues as well as regular maintenance needs. Schedule fuel delivery and routine maintenance calls and forget about running out of fuel or preventable breakdowns. When equipment requires service, you can schedule service calls and redeploy your rental fleet right from your dashboard.

Equipment Tracking & Protection

What do you do when equipment goes missing from the jobsite? Equipment theft is becoming more common, idling employees and creating a paperwork nightmare. With T3, your fleet is trackable and traceable. Now you can create a geofence for your equipment and receive notifications when something isn’t where it should be. You’ll know when someone “borrows” your equipment and takes it across town or across the country and pinpoint it on a map. Thanks to EquipmentShare, more than $400,000 worth of stolen equipment was recovered using T3’s GPS tracking feature in the fourth quarter of 2021 alone.

See how T3 helped a customer recover a Bobcat Dingo and save $12,000

Working hard to maintain a safety-first jobsite? T3-enabled vehicle cameras and jobsite cameras give you a first-person view of incidents, reinforcing jobsite safety rules and helping you avoid unwarranted liability claims. Set your rules and policies from within the app, and receive notifications when operators are in violation. Some insurance companies even lower premiums when vehicles are equipped with dashcams, saving you money.  Best of all, the system is easy-to-use and integrates seamlessly with the rest of T3.

“I’ve never had a problem with it,” said Michael J. Dailey, Customer Account Manager for Sunstate Equipment Co. “In fact, it protected me when someone hit my company vehicle.”

Personnel Management

The United States Bureau of Labor Statistics projects a 7% growth rate in the construction labor market between 2020 and 2030. With more people on more jobsites, getting the right information about your team is crucial to keeping costs down. T3 helps you intelligently manage your workforce by providing a single solution for employee scheduling and time cards. You’ll know who was working on what and connect the dots between hours worked and specific project goals.

“In the past, our mechanics would log their hours on paper and estimate how long they worked on each piece of equipment,” said Ronnie Pitts of Lindamood Demolition. “EquipmentShare’s Time Cards solution is very simple to use and ten times more efficient than any other product out there. Our entire service team got up and running on it in no time.”

When you partner with EquipmentShare, you're getting more than reliable equipment. You're getting T3 – an interconnected system that allows you to optimize equipment usage, reduce downtime, optimize your operations and schedule service calls from a single interface. You're getting a dedicated support team that helps you maximize productivity and make smarter decisions. Most importantly, you're getting an advantage over your competitors that will help you bid better, build better and be better.

To rent one of our tech-powered rentals, click here.

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