4.1. Advantages of Standard Equipment

Try these first

1. 1.

   What does standard equipment refer to?

   Hint

   Think about what equipment is widely available.

2. 2.

   Name one advantage of using standard equipment.

   Hint

   How quickly can you get it?

3. 3.

   What is a primary benefit of using standard equipment in construction?

   • High initial cost
   • Readily available
   • Complicated maintenance

   Hint

   Think about how often you see it around.

4. 4.

   True or False: Standard equipment tends to have higher resale value than special equipment.

   • True
   • False

   Hint

   What do we know about the market for standard items?

5. 5.

   Evaluate a scenario where a contractor chose to rent special equipment for a one-time project instead of purchasing standard equipment. Discuss the advantages and disadvantages in terms of cost and availability.

   Hint

   Consider the overall costs over time.

6. 6.

   A construction company has to choose between a standard excavator that costs $50,000 and a special excavator tailored for a specific project that costs$80,000. Discuss how they could analyze their decision.

   Hint

   Think about what's more cost-effective long-term.