ICCIFP Tool Tracking Survey 2

ICCIFP Tool Tracking Survey

ShareMyToolbox partnered with the Construction Financial Manager’s Association (CFMA) and the Institute of Certified Construction Industry Financial Professionals (ICCIFP) to compile a survey on tool tracking processes.  The survey documented tool accounting practices & tracking methods of the respondents from 7000 organization members.

The survey results include:

  • Estimated tool replacement rates
  • How often tools are expensed versus capitalized
  • Costing methods
  • Average cost allocations
  • Average value of tools by crew leader

Tool tracking articles related to this survey on industry best practices are provided complementary by Viewpoint Construction Software in conjunction with the ICCIFP and ShareMyToolbox, LLC.

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“The largest survey of tool tracking practices in the construction industry.”ICCIFP Chairman

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