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The Hidden Cost in Construction

January 30, 2023

Via: ENR

Many construction and engineering companies are so focused on winning projects that they overlook the importance of managing plant and equipment cost-effectively. With sector margins tight, it’s a dangerous oversight. Chris Knight, Global Industry Director for Construction and Engineering at IFS, unpacks the issues, and considers how an effective enterprise asset management solution can help.

According to Statista, the global construction equipment rental market was worth 118 billion U.S. dollars in 2021, and is forecast to reach 180 billion U.S. dollars by 2027.

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