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Stay on time and within budget through innovation and digitalisation

what does productivity actually mean

There are two main goals that every construction project needs to achieve to be successful - timely completion and staying within budget. However, this is rarely the case as construction companies globally go beyond the initial established project plan.

Changes to the scope of projects are common. The reasons are countless and the damage could be massive: increased liability, decreased profitability and damaged reputation standing at the forefront. While unexpected project changes will certainly set you back, any other internal hiccups can be equally destructive. Lack of proper communication between your teams and costly administrative errors can ruin a project as easily as a last-minute scope change.

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Is there a way to overcome these challenges?

“The recent changes due to the influence of COVID-19 have shown us more than ever how important productivity in construction is. The labour crunch paired with a stronger focus on Health, Safety and the Environment signifies that the ways of working need to change. 

Having a skilled workforce allows industry players to introduce new technology and innovation, which is the biggest enabler to driving productivity change in Singapore’s construction market.” says Thierry Theus, Services Manager, Hilti Singapore.

 

Internet of Things (IOT)

Digital transformation is shaping industries and changing the way we work across the board and construction is catching up with implementing new technology. One area where this is visible and can bring substantial productivity benefits is asset management. The Internet of Things (IoT) plays a key part in the digitisation of the construction industry. IoT works by capturing data through sensors on tools and equipment, feeding into software, helping run and manage business processes. Technology solutions required for implementing IoT are available at a size and cost that makes them a viable product for many construction businesses.

Having an adequate asset management solution in place can help ensure that all your equipment and tools are logged and accounted for. Combined with technology, it can provide your administrators with a single platform to communicate with each part of the organisation - giving them full visibility and flexibility to keep operations and logistics running smoothly. This will decrease the level of theft on your site, minimise downtime spent looking for tools and will allow you to meet compliance regulations by tracking certificates and maintenance dates. As a result, you won't overspend on already existing assets that aren't being utilised.

Asset Management

Asset management software can help tackle these issues through in-depth data management and actionable insights. You can analyse reports on asset utilisation and keep track of work orders, maintenance and inspection regimes - ensuring that your equipment is always up to date with regulatory requirements.

Effective communication streamlines workflows and makes projects a lot more efficient. With an asset management system, you’ll be able to minimise the impact of administrative errors and lost or stolen equipment, as well as being able to reduce costs and proactively manage projects so they're delivered on time.

ON!Track

For example, Hilti ON!Track software lets you keep track of what tools and equipment you have, where they are and who is using them. It also supports tool maintenance with alerts when tools need calibrating or replacing. Through Bluetooth powered smart tags, you can carry out fast inventory checks or locate nearby equipment. ON!Track further supports with compliance and reminds users ahead of time when training or certifications are due to be updated or renewed. With new features, such as proactive tracking, assets costing and quantity items for commodities and consumables, you can rely on the power of data and automation to efficiently control expenditures and manage project costs.

 

There are many ways to implement digital into current processes, it is not one size fits all: different companies will require different solutions. Luckily, there are a number of products, tools and software available to support all areas of digitalisation. The innovations emerging onto the market today are shaping the construction industry of tomorrow. 

At Hilti our expert teams continuously innovate with new products and software iterations being launched regularly to support the ‘digital revolution’ in construction. Talk to us today to find out how you can implement asset management in your business