Many people rely on industrial equipment to do the work for them and are often slow to replace these machines once they become outdated. But, as any experienced contractor can tell you, there are several signs you need to upgrade your heavy construction equipment. Here is a list of 5 tell-tale signs your equipment requires an upgrade.
Your Business Needs Have Outgrown Your Equipment
As your company expands, so should your construction heavy equipment. Not just in number, your construction heavy machinery should expand in terms of functionality. Each piece of equipment should have the capability to run daily tasks assigned before it. If your machinery is falling behind and doesn’t meet the job needs, it may be time for an upgrade. New equipment can allow your business to run efficiently if this is the case.
You Are Spending Too Much on Repair and Maintenance
If you consistently spend money on repairs or maintenance, consider a replacement. Not only is this costly, but it can also delay your projects. This can affect the cash flow of your business.
Many businesses use the 50% rule. That means if total repairs cost you more than 50% of the replacement cost, you are better off upgrading.
Old equipment is vulnerable to frequent repairs. They also demand a lot of fuel because of their inefficiency. Thus, you need to be cautious of continuously throwing money at a piece of old equipment instead of upgrading it. Most industrial equipment comes with a lifespan, after which parts are likely to begin wearing. This makes repair futile.
New equipment is reliable and requires minimal maintenance. New construction heavy machinery is also more productive, offering the efficiency you need for your projects.
As your industrial equipment ages, its safety to work with it decreases. If heavy machinery risks you or your workers at the site, it is time to consider an upgrade. It is crucial to keep a record of all the equipment you own. These include safety problems, age, and maintenance completed. The information can help you decide when to upgrade your equipment.
How fast is your equipment performing? If the performance is dropping, consider an upgrade. Every construction machinery has a life expectancy. This refers to how long your machine will operate before it burdens your business. If your equipment doesn’t run well and is nearing the end of its life, it is time to make an upgrading decision.
Too Much Wear And Tear
If you notice excessive signs of wear and tear, including corrosion, rust, and deterioration, it is time for an upgrade. Watch out for extreme wear and tear by performing routine preventive care and maintenance on your heavy construction machinery. This can help you detect when certain equipment components have reached a point beyond normal wear and tear.
Deciding to upgrade your construction heavy equipment can be challenging. But if you notice the above signs, it may be time to upgrade your equipment. For more information about upgrading construction heavy equipment, contact Pro Quip for help.