A crucial element in accomplishing the aforementioned goal is the effective management and implementation of construction equipment. The fundamental goal of the equipment management process is to determine the best piece of equipment for a given job. Although this is not necessarily a complex notion, there are many factors to consider in making this determination. Most importantly, the equipment must pay for itself. In other words, the cost to own and operate the equipment must be less than what the equipment owner charges for its use.
Today there exist many different types of equipment that can accomplish the same job.
Thus, the equipment manager must typically consider more than one option. Therefore, it is important for contractors, construction managers, project managers, and any person directly responsible for equipment management to be familiar with the methods leading to selection of the appropriate equipment for a given job. Not only is it important for equipment managers to be familiar with this subject, it is also important for project owners, contract administrators, and others responsible for representing the project owner. By being familiar with equipment cost formulation, the owner s representative can more easily identify an inappropriate charge on a contract action. What this report sets forth to provide is a clear and concise handbook for the equipment management process.