Construction Equipment Cost per Hour
The Equipment Cost per Hour takes into account all total ownership and operating costs for a given asset and divides it by all actual usage, in hours, of the machine.
Cost of excavators
Cost of excavators
When it comes to purchasing an excavator, there are various cost components to consider. The cost forms associated with excavators include:
Equipment cost estimation
Estimation of the real value of Construction Equipment
To estimate the daily value of equipment and vehicles on a construction project, several factors must be considered, including the types of equipment and vehicles needed, their usage rates, depreciation, maintenance costs, and any additional expenses associated with their operation.
It is important to note that these estimates can vary significantly based on location, project size, and specific requirements.
However:
A general framework for estimating the daily value of equipment and vehicles on a construction project can be provided:
1. Determine the equipment and vehicles needed – Identify the specific types of equipment and vehicles needed for the project, such as excavators, bulldozers, cranes, dump trucks, etc. Consider the quantity and size of each.
2. Research Rental Rates – Look up rental rates or leasing costs for similar equipment and vehicles in your area.
Contact local rental companies or check online platforms to get an idea of daily rental rates for the necessary equipment and vehicles.
3. Calculate usage rates: Estimate the average daily hours of usage for each piece of equipment or vehicle.
Consider factors such as the project schedule, work hours, and equipment utilization efficiency.
This will help determine the number of days each piece of equipment or vehicle will be needed for the project.
4. Depreciation: account for the depreciation of the equipment. Generally, construction equipment and vehicles have a useful life ranging from 5 to 15 years.
Divide the purchase price or current market value of the equipment by its expected useful life to calculate annual depreciation.
Divide the annual depreciation by the number of business days in a year to estimate the daily cost of depreciation.
5. Maintenance and operating costs: Consider the regular maintenance and operating expenses associated with equipment and vehicles.
This includes fuel, lubricants, repairs, insurance, registration, and any other relevant costs.
Divide the annual O&M costs by the number of business days in a year to estimate the daily O&M cost.
6. Additional Expenses – Consider any additional project-specific expenses such as transportation costs, storage fees, or specialized accessories needed for certain equipment.
7. Summarize: Add up the daily rental rate, depreciation cost, maintenance cost, and any additional expenses to estimate the total daily value of the equipment and vehicles in the construction project.
It is important to note that this estimate provides a general guide, and actual costs may vary depending on the specific circumstances of the project and the equipment and vehicles involved.
Consulting with local equipment rental companies and industry professionals can provide more accurate cost information specific to your particular project.
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ARCHITECTS | ENGINEERS | COST FORM FOR EQUIPMENT
Estimate de Daily value for Equipment and vehicles
for a Construction Projects
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Cost Form for Equipment
Under the reforms or new projects that we're trading, we need to quantify the type and amount of vehicles for transfer of Staff, General utility trucks (e.g.| For the supply of potable water for irrigation, domestic transport of materials etc.), So we need to know, with good approximation, the daily cost of this Construction Equipment
This applies also to the Road Machinery, Cranes, Concrete Plant, Motorcycle welders, Current Generators, etc.. ... Whether the expenditure is charged to any direct cost action (e.g.| Road equipment Soil Movement) or overheads
To assign these costs relatively quickly we need to know
-The lifetime of the equipment (use tables for this, or just use the experience)
-Original Value Construction Equipment
-Resale cost of equipment at the end of its useful life (may be zero)
-The Depreciated-Construction Equipment cost (the difference between the actual cost and resale value)
-Annual Interest-current
-Fuel Cost per liter
-The yield of Equipment by a Unit of Measure (UM)
Daily cost-loads the staff concerned at the same (in the case of a vehicle will be his driver in the case of a Concrete Plant Operator will be the expert and some helpers)
With these data in hand, we fill it on the attached sheet and get the daily Construction -Equipment cost
Daily Depreciation = Value to depreciate x 8h x day / lifetime in hours
Daily Interest Cost of Capital = average value x value annual Team x 8 hours of annual use day/2000hours
The daily cost of repairs and parts = 50% of the costs of amortization of every day
Daily fuel cost = 0.15 liters of fuel x HPHS x number of HP x 8h x price of fuel
Daily Cost of Lubricants = 40% the price of oil per day
Daily Cost of Labor = Cost of Manpower (plus social security charges) by the daily percentage of participation of Manpower
Monitoring cost = 10% of labor price per day of Surveillance
Overheads = 12% of the total cost per day
The daily cost of Construction Equipment = Sum of the partial costs
Dear readers, one’s next entry, we will stay in budget stuff and see OVERHEAD-PART 3