How to Find the Correct Construction Equipment
Following is the list of points which can help you in making the right choice of construction equipment for the project at hand.
Scale and time limit
The construction project may be classified as small or large. Also keeping an eye on the end results the authorities want the project to be completed in a specified time limit. Both these boundaries of size and time are important aspects in the decision making for the construction equipment. A time bound project forces you to procure equipment to speed up operations. Similarly over dependence on manual labor in a time bound project could lead to penalties. So it is advisable to suit your construction equipment to the needs of the project.
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Lessons Learned from Years with Equipment
Most of the equipment manufacturers design the equipment with a specific kind of operation in mind. This design is suitable for a particular operation. The contractor with his experience knows how to utilize the equipment for operations other than the ones it is designed for. He prefers multiple uses for his equipment while saving on the capital costs. Also there are equipment combines like the loader or flexi-equipment where the attachments can be changed. The smart contractor is quick to pick up this type of equipment and get the desired output in his construction project.
Buy or Rent
A decision which involves money is always difficult to make. Buying requires you to raise capital and check the payback against the projects that are in the pipeline. On the other hand renting causes your revenue expenses to go up and the charges on hourly basis have to result in proper utilization of the equipment. Also one can do a simple calculation to work out the rental cost of construction equipment versus the actual purchase cost to take the decision on rent or buy. The finance team would be too happy to work out the moralities of the hiring expenses in the past and give an indication when it makes sense to actually buy the equipment rather than hire it. However if you handle multiple projects which are lined one after the other it would help to go in for buying equipment on loan and distributing the outgo in monthly installments.
Maintenance and spare parts
In a construction project the equipment in use is likely to breakdown causing the construction activity to come to a halt. Also there are many wear parts in the construction machinery which have to be replaced at a certain frequency to keep up the efficiency of the machine. So there is no alternative to a good maintenance team to back up your construction project operations. Keeping fast moving spare inventory and wear parts stock always reduces the down time and efficiency losses.
Model and size of equipment
The choice of the equipment model has to be done very carefully to suit the construction requirements. Selecting heavier machinery for small work will cause efficiency and monetary loss. Similarly a small machine being utilized for a large volume of work will cause delay.
One has to keep in mind these guidelines when going in for the selection of the construction machinery for the project work.