Construction companies rely heavily on physical assets to run their field operations. As such, their ability to manage all their assets efficiently, accurately and on a real-time basis is vital. Furthermore, automating the material requisition and ordering process will help control material costs and optimize equipment spend. Rigorous asset management processes – enabled by the right tools – can make a material difference in the profitability of projects and the overall health of the business.

The Solution

With CMiC Asset Management, you can control material costs, accelerate the procurement process, optimize inventory management, generate accurate job costing and client billing, and boost operational performance. This is particularly important for self-performing contractors – divisions within a GC, heavy/civil contractors and specialty contractors.

Equipment P&L reporting helps firms make better renting, repairing and buying decisions, while accommodating flexible billing rates can help turn the yard into a profit center instead of just being a cost center. More importantly, CMiC’s Single Database Platform™ offers complete process integration, from purchase orders for acquisition of capital assets (e.g., equipment and inventory) and ordering consumable items for day-to-day operations, to enabling complete financial transparency, from purchasing to AP and GL management.

The Bottom Line

Your asset management process is a key part of your business and needs a robust software solution. CMiC Asset Management can help your construction firm manage assets more accurately, comply with safety standards, raise employee accountability and improve efficiency. CMiC enables companies to track, monitor and report the usage of their assets and the return on their portfolio. 

Talk to one of our experts today to learn how you can optimize your construction asset portfolio. 

Automate purchase orders and requisition managementControl material costs
Track compliance controlShrink the procurement cycle
Automate General Ledger updatingDecrease unnecessary equipment maintenance costs
Take advantage of perpetual inventory maintenanceMaximize return on investment of capital assets by always keeping equipment operational
Receive proactive equipment maintenance alertsDetermine future material needs to reduce ordering costs
Manage depreciationAutomatically post fixed asset charges to the General Ledger
Track your fleet in real timeMake equipment available exactly when and where it’s needed
Accommodate flexible billing ratesEnable user defined invoicing: turn the yard into a profit center
Plan all resourcesProactively plan asset requirements for projects
"CMiC has the tools to help us manage our day-to-day business seamlessly. With their annual pricing structure, it’s easy to do business with CMiC."
—  Justin Watts, Controller at Bailey Construction


Your business has the potential to grow faster and for longer—but your teams need to keep up. Invest in the software to help them do just that. The CMiC platform is purpose-built for the construction industry, ensuring that your users, and the unique workflows that they manage, are not just supported, but also enhanced by the right capabilities. Speak with an expert to learn how CMiC can help you grow faster while boosting your profits.
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