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This lecture focuses on estimating the operating costs associated with equipment in construction, emphasizing the difference between ownership costs and operating costs. It elaborates on various components of operating costs, such as fuel, lubricants, labor wages, and maintenance and repair costs. The chapter also presents practical methods for estimating total equipment costs using established methods.
Chapter 1020 sections
This lecture focuses on estimating the operating costs associated with equipment in construction, emphasizing the difference between ownership costs and operating costs. It elaborates on various components of operating costs, such as fuel, lubricants, labor wages, and maintenance and repair costs. The chapter also presents practical methods for estimating total equipment costs using established methods.
Operating costs are incurred only during equipment usage and are variable based on job conditions.
Consumables, wages, and minor repairs form key components of operating costs, while major repairs are accounted under ownership costs.
Past experience and manufacturer guidelines are crucial for accurately estimating operating costs.
A cost incurred only during the usage of equipment, variable based on job and equipment operation.
Fixed costs that are incurred regardless of whether the equipment is actively being operated.
Costs associated with the upkeep and repair of machinery, which can vary with usage and job conditions.
Items that are used up during equipment operation, such as fuel and lubricants.
Total Questions
2
Estimated Time
4 min
Passing Score
70%
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