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3 cards from this section. Quick, good the night before a test.
Define special equipment in the context of construction.
Think about machines made for unique tasks.
What is the significance of economic analysis before procuring special equipment?
Consider the financial risks involved.
What is special equipment?
What types of machines fit unique project needs?
True or False: Special equipment is readily available for all construction projects.
Think about the order process of such machinery.
A contractor purchased a specialized concrete pump for a single high-rise building project that took two years to complete. After the project, this pump's resale value significantly dropped because it could not be applied to many other projects. Discuss the financial impacts this has on the contractor.
Focus on project timelines and resale opportunities.
Consider a scenario where a contractor is considering buying a specialized earth-moving machine. After conducting a market analysis, they find no upcoming projects that would utilize the machine. What should they do instead?
Reflect on cost versus need for redeployment.
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