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Factors Affecting the Selection of Construction Equipment
1. Standard type of Equipment. There is no such definition of standard type of equipment. An equipment maybe standard to one contractor but may not be to another. It depends on the operations of a contractor/company.
2. Special Equipment. One definition of special equipment is one that is manufactured for use on a single project or a special type of operation
3. Replacement of Parts. One factor in the Selection of branded equipment is the availability of replacement parts. When buying equipment, spare parts must be readily available or could be easily purchased. A truck with a broken axle is useless until the axle is replaced. A contractor should know where to obtain spare parts for his equipment, if not, then it may be wise to purchase or rent another equipment.
4. Cost of Owning and operating construction equipment. There is no exact method of determining the probable cost of owning equipment. Carefully kept records should give information as a guide as to the type of equipment you need to purchase. The number and the kind of projects a contractor is involved in should indicate what kind of equipment he has to purchase.
5. Economic life of construction equipment. The owner of the construction equipment should be interested in obtaining the lowest possible cost per unit of production. In order to accomplish this objective, he must follow an informed program of equipment replacement. How many years will he use his equipment?? Do his maintenance costs warrant the operation of the equipment or is there a need to dispose the equipment and buy another on?? The owner must consider all the costs related to the ownership and operation of the equipment. The costs to be considered are: depreciation and replacement, investment, maintenance and repairs, downtime, obsolescence. An analysis of the effect which hours of usage will have on each of these costs will establish the time at which a machine should be replaced.
6. Sources of Construction Equipment. Contractors are frequently concerned about whether to purchase or lease construction equipment. Under certain conditions, it is financially advantageous to purchase whereas under the conditions it is more economical and satisfactory to rent it.
Three Methods by which a contractor may secure the use of equipment
1. Purchase
2. Rent (Lease agreement)
3. Rent to own
A. Advantages of owning equipment
1. it is more economical if the equipment is used sufficiently.
2. It is ready available or immediately at the disposal of the owner.
3. It is better maintained and better in mechanical condition.
B. Disadvantages of owning equipment
1. It is more expensive than renting.
2. Substantial investment is required.
3. The ownership may influence the contractor to continuously use the equipment in lieu of more modern equipment.
4. The ownership may influence to do the kind of work using his equipment but that which may require different equipment.
5. The ownership may influence the contractor to use equipment beyond its economical life.
What else can I help you with?
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The structural framing system for a construction project is typically selected by the structural engineer in collaboration with the architect and other design team members. This decision is influenced by factors such as the building's design, intended use, budget, local building codes, and site conditions. The structural engineer evaluates various options to ensure safety, efficiency, and cost-effectiveness before finalizing the choice. Ultimately, the selection process involves a multidisciplinary approach to meet project requirements.
World's top 10 largest construction companies?
As of 2023, the world's largest construction companies by revenue are: China State Construction Engineering Corporation (CSCEC) – The largest construction company globally, known for large-scale infrastructure projects like highways, bridges, power plants, and airports. China Communications Construction Group Ltd. – Specializes in infrastructure development, including transportation facilities. VINCI – A French multinational known for its global construction and concessions projects. China Railway Group Limited (CREC) – Major player in railway construction and infrastructure development. China Railway Construction Corporation Limited (CRCC) – Another key company in railway and large-scale infrastructure construction. Bouygues Construction – A French company involved in building, civil works, energy, and services. Skanska AB – A Swedish multinational with projects across Europe and the United States. Obayashi Corporation – A Japanese construction company focused on building and civil engineering. Larsen & Toubro Limited (L&T) – An Indian multinational engaged in technology, engineering, and large-scale construction. Hilife Builders Thrissur,India. – A leading home,flats,villas and apartment construction company specializing in residential buildings.
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