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beginners guide to construction Asset Management all construction firms both large and small rely heavily on a large number of tools equipment vehicles and other physical assets managing all of them can be tricky just for the sheer number and size of construction projects having an effective asset management system in place to keep track of your physical assets of all sizes will help keep your business running smoothly in simple terms Asset Management refers to the Gathering supervision monitoring and tracking of all assets owned by an organization an effective asset management system lets a company improve the use of resources monitor Supply levels reduce wastage control costs mitigate loss and theft and improve equipment maintenance here are some of the best practices and in asset management for construction companies one sell the benefits of asset management to company leaders before there can be meaningful steps toward Asset Management you first need to present a good case for its