10. Summary and Conclusion

Try these first

1. 1.

   What are the two main types of costs associated with construction equipment?

   Hint

   Think about the costs involved in buying vs. using equipment.

2. 2.

   What does economic life refer to in equipment management?

   Hint

   Consider profitability and cost perspective.

3. 3.

   What is the primary purpose of equipment management in construction?

   • To reduce labor costs
   • To ensure efficient operations
   • To select materials

   Hint

   Think about the role of proper machinery in project success.

4. 4.

   True or False: Not all machines have an economic life that maximizes profit.

   • True
   • False

   Hint

   Consider the relationship between costs and machine usage.

5. 5.

   A construction project requires a bulldozer with a productivity requirement of 100 tons per hour. If the selected bulldozer achieves only 90 tons per hour, calculate the potential cost impact over a 100-hour project.

   Hint

   Consider how productivity directly affects project timelines and costs.

6. 6.

   Estimate the ownership cost of a new crane costing $200,000 with a useful life of 10 years using straight-line depreciation. Discuss potential factors influencing your estimates.

   Hint

   Think about ongoing costs beyond just initial purchase price.