Realizing the importance of equipment maintenance is only the first part. The second part is knowing what to do to ensure you're maximizing the life of your equipment. Obviously, there are a variety of construction equipment models, each with its own design and specific parts.
Equipment World magazine covers the construction equipment and heavy-duty construction machinery industries.
Dec 17, 2014· The difference between annual cost and full life cycle or life to date (LTD) cost is one of the most difficult things to grasp when it comes to understanding equipment costs. This is due to the fact that we have been trained to focus on next year's cost and next year's budget, which causes us to take a short-term view of cost. The snag is, you buy a machine for the long term.
INTRODUCTION TO MAINTENANCE AND REPLACEMENT MODELS 1.0 MAINTENANCE "Maintenance is a routine and recurring activity of keeping a particular machine or facility at its normal operating condition so that it can deliver its expected performance or service without causing any loose of time on account of accidental damage or breakdown".
In addition to the obvious replacement cost for a new piece of equipment, there are several other factors to take into consideration when deciding whether to repair or replace a piece of equipment: Ongoing maintenance costs over the remaining life of the equipment; The impact any repair would have on productivity and quality
Apr 01, 2013· Equipment managers must take a long-term view of the repair/rebuild/replace decision in order to optimize the value of equipment assets over their full life cycle. They should not worry too much about short-term fluctuations; wise investments and wise decisions pay off. Not everyone sees it that way, unfortunately, and they often struggle with the curse of the annual budget when they know that ...
Heavy construction equipment are used for various purposes in large projects. Selection of different types of heavy equipment depends on the size of the work and economy of the project. These make construction process easier and faster. Contents:Types of Heavy Construction …
Historically, medical equipment budgets for health care construction projects were determined as a percentage of projected construction cost. The industry now recognizes that two hospitals with the same square footage can offer completely different services, resulting in significant differences in the cost for owner-furnished medical equipment.
Cost estimation for construction projects should also need to consider costs of insurance for various tools, equipments, construction workers etc. General insurance requirements, such as performance bond, payment bond and contractors general liability are normal costs of construction projects.
factors behind the selection of construction equipments The selection of the appropriate construction equipment is an important part of job planning. The contractor has many different options to choose from, which makes the selection even more complicated.
Journal of Safety Research 35 (2004) 255–261 Whole-body vibration and postural stress among operators of construction equipment: A literature review N. Kumar Kittusamy a, *, aSpokane Research Laboratory, National Institute for Occupational Safety and Health, 315 E. Montgomery Ave., Spokane, WA 99207, USA * Corresponding author.
Equipment life-cycle cost analysis (LCCA) is typically used as one component of the equipment fleet management process and allows the fleet manager to make repair,equipment replacement, and retention decisions on the basis of a given piece of equipment's economic life.
The Australian Journal of Construction Economics and Building [Vol 5, No 1] 3 Financial Analysis for Replacement of Construction Equipment in Saudi Arabia Ali A. Shash (Center for Engineering Research, Research Institute, King Fahd University of Petroleum & Minerals,
Construction World provides informative blog posts on current industry trends and news relating to construction management, accounting, software and more.
Construction Planning, Equipment, and Methods By Dr. Ibrahim Assakkaf ENCE 420 – Construction Equipment and Methods Spring 2003 Department of Civil and Environmental Engineering University of Maryland, College Park EQUIPMENT COST CHAPTER 3a. EQUIPMENT COST ENCE 420 ©Assakkaf Slide No. 2 •Costs associated with owning and operating equipment
ADVERTISEMENTS: The below mentioned article provides a close view on the replacement of an asset under double entry system. Under Single Account System, when a new asset is replaced in place of an old one, the old asset is written-off and the new one is capitalised. But under Double Account System, the procedure is quite […]
Concrete Design and Construction Practices today are strength driven. Concrete grades up to M80 are now being used for highrise buildings in India. However, due to escalation in the repair and replacement costs, more attention is now being paid to durability issues.
Construction plant and equipment management research: thematic review Article (PDF Available) in Journal of Engineering Design and Technology 7(2):186-206 · July 2009 with 32,182 Reads
In 1999, the Equipment Section requested a study of its replace/repair criteria. The State Equipment Engineer and Assistant State Equipment Engineer believed that the criteria the Equipment Section used to identify a piece of equipment as a candidate for replacement were overdue for a review.
Oct 20, 2013· Economic life of Construction Equipments: Equipment should be replaced under following circumstances: 1. Depreciation 2. Downtime 3. Inadequacy 4. Normal Deterioration 53. Equipment Replacement Policy: A firm has to face three type of decisions: 1. The replacement of equipment as it wears out 2. The equipment required for expansion 3.
European Journal of Operational Research 63 (1992) 207-221 207 North-Holland A model for equipment replacement due to technological obsolescence * Suresh K. Nair Department of Operations and Information Management, School of Business, U41-IM, University of Connecticut, Storrs, CT 06269-0241, USA Wallace J. Hopp
Construction Equipment Economics is written for everyone involved with the management of heavy mobile equipment.. The tools, techniques and ideas presented will improve fleet management and increase return on investment. It is designed for people who want to develop new ways, and gives the confidence needed to learn innovate and change.
The Equipment Replacement simulation game can be used to explain the different effects of various equipment buy/sell strategies on the economic performance of construction companies. The probabilistic aspect of demand in the construction market is incorporated. The game is implemented using Excel and Visual Basic for Applications. (Author/SK)
Whenever you bring up the subject of equipment maintenance to a group of equipment owners there will always be at least one person in the group who will ask, "How many machines should I have before I start thinking about a maintenance program?" The simple answer is none; you should have a maintenance plan or program before you buy your first piece of equipment.
Created in 1980, the Journal of Equipment Lease Financing publishes leading research across all the major topics of the industry. Each issue of the Journal reaches thousands of industry participants, academics, finance professionals, libraries, and government and financial institutions around the country. The Journal is published three times a year and distributed electronically. Journal ...
Aug 30, 2014· Construction equipments - Introduction and Classification 1. Introduction It is a common fact that we find a wide variety of construction machines on every construction sites, which make the construction jobs easy, safe and quicker.
Equipment Maintenance and Replacement Decision Making Processes Michael W. Gage This project contains recommendations for the decision making processes for support and production equipment maintenance and replacement for a large defense contractor. Recent literature has been reviewed to provide perspective on current trends in the field. A complete
Mar 04, 2009· The task includes calculating lifecycle costs for all vehicles and equipment, including construction equipment. Cost analysis is being applied to conventional fleet vehicles, and Hogan said he aimed to institute the same for construction equipment in preparation for the city's 2009 fiscal year, beginning July 1.