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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I got into a lot of trouble as a young field engineer by telling my boss that cost overruns were not a problem. I told him that the real problem lay in the way we built our work and that cost overruns were a symptom of the fact that something was not going well. My job was to find and fix the cause…
How do you reconcile actual costs with what is actually charged to the construction project? Relationships between construction operations and the equipment-management team are often strained. Operations see the equipment they use as a means to an end—as a way to build the job safely, on budget,…
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I have been in the business of writing these articles, presenting courses, and developing the art and science of equipment management for a long time. Nothing has had as much impact on day-to-day equipment operations as the work I have…

Our goal is to manage our equipment fleet so that we eliminate unplanned downtime. The primary reason to operate your own shop is to control the quality and timeliness of the various services, so you can better control your downtime. It’s usually not to save money, although in your own shop you…

The mood in a recent meeting discussing the impact that the implementation of air-quality regulations would have on the market value of used Tier-4 equipment was pretty glum. The feeling was that the new generation of complex and more expensive machines would not be as keenly sought after in…

We all know that breakdowns cost a lot more than the parts and labor needed to fix the machine and return it to work. We know that there are consequential costs—or, as we will call them in this article, impact costs—associated with breakdowns and that these often dominate thinking when it comes…

I learned a lot about availability and utilization during my railroad construction days when I had the pleasure of working with a very big, very old and incredibly complicated tie tamper. You have not lived until you have worked with a machine like that. It took the full-time attendance of an…

Years ago, my boss had a favorite saying: “What’s everybody’s business is nobody’s business.” It was a way of reminding us that accountability is very important. If you don’t have clearly assigned responsibilities, no one feels the pressure to take the reins and manage the task. I don’t have to…

If a picture is worth a thousand words, then a good data graphic is worth a million numbers. They help cut through stacks and stacks of data and highlight the critical trends. Edward Tufte is the master when it comes to designing elegant…

I have been looking over some recent articles and have come to the conclusion that they were too serious. It is time to have fun. Here are some bumper stickers you can use to dispel some of the myths and misconceptions about equipment, equipment management, and equipment costs.

You do not…

Most of us will agree that the hourly cost of a machine is strongly influenced by how much we use it and how long we keep it. Use it little or keep it for a short time, and cost per hour will be high because owning costs are high; keep it for a very long time, and cost per hour will be high…

Capital expenditure budgets are at an interesting crossroads. Some companies are expanding operations and want to know how much, where and how to invest in their fleets and position themselves for the future. Others see the glass as half empty and are wondering how to minimize expenditure,…

Every equipment manager I know has some kind of financial report that tells him or her about their fleet costs. These reports typically include owning cost items such as depreciation, interest, insurance, property taxes, and some overhead and administrative costs associated with managing the…

It is third and goal on the 5-yard line with two minutes to go, and you are four points behind. You say to your coach, “Give me the ball, Coach. I can get the job done.” Do you have the confidence to make the play and win the game?

Seldom in our business do you come across someone who…

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