Equipment management can be one of the most integral parts of your construction business. In part one of this two-part podcast, Wayne Newitts and Mark Schwartz dive into the operating costs of your fleet through the entire life-cycle of the equipment.
Podcast highlights:
- 2:20 – Call out to Dr. Vorster at www.cempcentral.com.
- 3:01 – Get into the subject of purchasing heavy equipment and the initial investment.
- 5:10 – Mark talks about the importance of equipment maintenance and how reducing cost is essentially profit.
- 8:00 – Running a “thin” business can create a cascading benefit, but the opposite is also true.
- 12:10 – They talk about Dr. Vorster’s equipment management methodology—understanding the true costs of ownership and operation, and developing a flexible budget.
- 18:44 – Mark gets into the details of operating costs and depreciation.
Document to download: Equipment Management-Getting to that 1%download