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Funtions of Construction Equipment Management
QUESTION:What are the funtions of construction equipment management?
ANSWER: There're 6 main functions :
1. Acquisition and disposal. It means the manager need to specify their needs, and know how to structure purchase, lease, rental-purchase or rental agreements suited to their financial and tax situation.
2. Compliance and risk management. It means that the assets of the organization must be suit to all regulations and are lcensed, insured and inspected as needed.
3. Transport and logistics.The transport and logistics function moves it to the right place at the right time.
4. Field Maintenance Operations. This function covers all the actions needed to make sure that the equipment on site is available and able to work on a daily basis. It includes fueling and daily inspections, periodic and preventive maintenance, and the replacement of wear parts. The costs involved form part of total operating cost and must be included in the equipment rate.
5. Shop and Yard Operations.It is critical for the success of the company, and many aspects of shop and yard operations can benefit from the efficiency and specialization achieved through outsourcing.
6. Fleet and Asset Management. This function is responsible for strategic decisions regarding fleet composition, fleet average age, capital expenditure, finance, tax and return on investment. It absorbs data from the other functions; interfaces with the company strategic-planning process; and develops the rates, estimates, budgets, benchmarks and standards needed to manage the whole process
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