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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We have discussed the advantages of centralizing the fleet and placing all of the organization’s equipment assets under the direct control of a knowledgeable and experienced equipment manager. The concept works, and many companies have significantly improved equipment operations by creating what is…
It’s been a wild ride since June 1977 when the Apple II was released and VisiCalc launched the spreadsheet revolution. Business information, from accounting to job costing and estimating, is no longer produced by hand. Maintenance work orders are automatically generated right on schedule, and data…
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Every equipment organization I’ve ever known has a problem with theft and security of their small equipment. When I say small equipment, I’m talking about small generator sets, tamps and jumping jacks, cut-off saws, small pumps, and dozens of other such items. It’s the group of tools with…

 

 

What is best: buy, borrow, lease or rent? The question comes up often, and there are no right answers, only intelligent choices. Although cost is certainly important, it is not the overriding consideration. Many other factors and risks must be considered.

Let’s develop…

What do you buy when you buy a wheel loader? Do you buy one unit? Or do you buy a certain number of productive wheel loader hours that you put into inventory and keep there as an asset until it is used up in the production of work? The accountants certainly see the new wheel loader as an asset…

The term “Best Practices” has become an overused catch phrase in our construction industry. It’s like the weather; everyone talks about it, but practically no one does anything with it. Managers use the popular Best Practices phrase to sell an idea or a concept. A Best Practices program is…

Balancing an equipment account and taking the right action when things go wrong is extremely complex. It takes a deep understanding of costs and the costing process to pinpoint problems and take appropriate action.

Three things are absolutely essential for effective equipment cost…

We struggle with capital expenditures (capex) and capex budgets every year. It is invariably a long and complex process, and we often feel that things have not gone our way. We believe that we must spend a certain amount to maintain fleet average age and to grow. The president and the board of…

When buying a piece of construction equipment, most managers consider whether they want to purchase extended warranty. Key questions need to be asked—and answered—before making your decision, but unfortunately, it’s not simple.

Let’s review the basics of standard warranty. The standard…

I have, for a number of years, been proposing an economic life or sweet spot calculator based on knowing the equation of the cumulative cost curve. Many managers have successfully used it; others are confused by the concept of cumulative cost and have stayed with their current methodologies.…

The hexagon describing the six basic functions of equipment management has gained quite a following in the industry since it was introduced several years ago. It’s been used to show how management has evolved in recent years, but it can also be used to produce a world-class procedures manual…

Last October, Construction Equipment surveyed its subscribers and published the “Top 3 Challenges Facing Equipment Managers.”  No. 1 was “Not able to replace equipment as needed,” and No.…

Conflict and tension all too often interfere with good relations between operations—those who use equipment to complete construction on time and on budget—and equipment—those who look after equipment and make sure it achieves its minimum lifecycle cost. It is a precarious relationship because…

 

 

I have the opportunity to work with some great companies and learn from the best. So it is natural that I have a little storehouse of knowledge about what the best companies do when it comes to managing their fleets. I share the following in the hope that you can look at your…

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