Construction Equipment Monitoring and its Effect on Project Cost

Construction equipment is one of the major element of the construction process along with labour and material. The cost of equipment in project varies from 10 to 30 % of the total cost of the project. For successful completion of the construction project, equipment management through Proper planning, selection, procurement, Installation, operation, maintenance and equipment replacement policy plays vital role in it. The first step is proper equipment selection, this means selecting the equipment that matches job conditions and gives the lowest total cost. Lowest total cost is a combination of highest production, lowest operating cost and lowest investment cost.