Construction Equipment Executive Institute

Learn the fundamentals of fleet management from our collection of articles and videos. The best in asset management for the construction equipment professional.

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Construction equipment maintenance should have a business plan independent from the overall fleet’s plan in order to attain total productive maintenance. It should accomplish four goals: Identify the mission and vision, document responsibilities and performance, initiate objectives, and communicate…
Equipment management is a tough business, but we do it right more often than we think. Here are seven success stories to acknowledge what has been achieved. Space limits me to seven stories. You may recognize your business and the work we have done together. If you do, take time to smile. If you do…
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We spend a lot of time discussing what it costs us to own and operate a particular machine. There is no doubt that this is important, but from a company and strategic level, it is not the final word. We absolutely need to know what it costs us to “own and operate” the equipment account as a…

I had a lot of arguments when I earned my living as a hard-riding, fast-shooting construction engineer. The one I remember most was about cost and the need to reduce cost. Of course it is important to reduce and manage cost. No argument there. But you do not improve cost by agonizing over the…

It used to annoy me when people referred to the equipment division as “the shop.” That does not bother me now because equipment management is a serious business. It has a huge impact on the company as a whole, providing the tools needed to produce work on time and on budget. Without an effective…

Measuring and managing utilization is difficult. It is easy to know exactly where the heavy iron is located and to record hours worked. It is a much more complex problem when it comes to the 4-inch pumps, trench rollers, and variable message boards that are moved informally and work…

A work order system must be more than a way to charge time and cost against a machine. It must be an effective way to plan work and improve efficiency.

If yours is not, you need to think again.

A process plan and schedule will take you from maintenance request to completed work as…

It is rate-setting season again. We know about last year, this year is well under way, and we are thinking about the rates we need to change to be successful next year. Do we set conservative rates that will ensure we recover the full cost of owning and operating our fleet; or do we set…

We are too focused on cost when it comes to thinking about equipment replacement. It certainly is important to know what it will cost to own and operate a unit in the year ahead and to make wise replacement decisions when the old unit—the defender—is likely to cost more than the minimum…

Most conversations about overhead turn out to be complicated and emotional. People are confused about how it is defined, how it is calculated, and above all, how it is recovered. Everyone does it differently, and no one is happy.

Gone are the days when renting equipment was a small part of our business. Gone are the days when we did it as an exception and only when absolutely necessary.

Two things have happened to bring rental equipment into the mainstream. First, the rental-equipment industry has grown and…

Recently, someone said to me, “Mike, enough policy and philosophy, what would you do if you were responsible for implementing the material we have spoken about during the past four days. No fancy ideas, just hard realities?”

Policy and philosophy are good, but what are the fundamentals…

You can try to prepare the best meal in the world, but it won’t happen unless you have the ingredients in your pantry. The same is true with information and information systems. The data you have available, its definition, and its collection invariably limit what you can do to provide the…

Depreciation is a word that has so many meanings that it is almost meaningless. We know that it has something to do with the fact that equipment does not last forever and that we need to write down its value as it ages and is consumed in the production of work. We know that depreciation charges…

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