There are four main factors of production that can affect a construction project; they are land, labour, capital costs and an entrepreneur. Land is defined as ‘land comprises all naturally occurring resources whose supply is inherently fixed’.
At best the estimate is only a close approximation of the cost. Kept records for equipment previously used should give information which may be used as a guide for the particular equipment it was used under the same conditions. Factors that affect the cost of owning and operating construction equipment include:
Factors Affecting the Selection of Construction Equipment. 1. Standard type of Equipment. There is no such definition of standard type of equipment.
Mar 01, 2010· Blaine Pressley, senior segment manager for Construction Equipment North America, says a very general estimate for the lifecycle on this machine would be 12,000 to …
Factors Affecting Construction Cost Estimation. There are many factors which affect the construction cost estimate and have significant impact on project cost and they are as following: 1. Similar Construction Projects. For the construction estimate, the best reference will be similar construction projects.
Mar 03, 2017· Factors Affecting Selection of Construction Equipment. with you hamesha - 1800 209 6006 ... Here is a list of factors that affect the selection of CE and should always be kept in mind... 1. Economic factors: Economic considerations such as the cost of owning the equipment and operation and fuel costs are some of the most important factors that ...
Pricing Construction Equipment. Equipment Categories 1. Hand Tools: accounted for as an add-on at end of estimate 2. Equipment used for variety of work tasks (e.g. ... costs for the equipment is determined separately from the Depreciation and Repair & Maintenance costs for the tires.
The accurate determination of equipment ownership and operating costs is one of the most difficult and important jobs an equipment manager performs. There are a multitude of factors that go into equipment costs, ranging from the initial purchase price and sales tax to overhaul costs and hours.
FACTORS BEHIND THE SELECTION OF CONSTRUCTION EQUIPMENTS. The selection of the appropriate construction equipment is an important part of job planning. The contractor has many different options to choose from, which makes the selection even more complicated.
Seven rich countries. Cost competitiveness relative to the United States has declined particularly sharply .... " There are also signs of slowed produc tivity in Canada relative to Japan. Between 1986 and 1990, the productivity of construction labour in Japan increased by 6.6% a year, while Canadian construction productivity rose by only 1.6% .
Poor labour productivity is one of the main reasons for costs overruns and projects falling behind schedule. To help you identify and prevent poor productivity in your work force, listed below are some of the most recognized factors affecting labour productivity in the construction industry in a recent study by Intergraph.. 1.
COST OF OWNING AND OPERATING CONSTRUCTION EQUIPMENT 1. Factors affecting the cost include: • Cost of equipment delivered to the owner. • The severity of the conditions under which it is used. • The care with which it is maintained and repaired. • The number of hours used.
A STUDY ON THE FACTORS AFFECTING THE ECONOMICAL LIFE OF HEAVY CONSTRUCTION EQUIPMENT Hongqin Fan and Zhigang Jin Department of Building and Real Estate, The Hong Kong Polytechnic University, Kowloon, Hong Kong ... equipment M&R cost distribution over their age is shown
construction put in place, defined as new residential and nonresidential construction but generally excluding maintenance and repair construction, was $317.2 billion for the Soviet Union, $200.1 billion for Japan, $71.3 billion for the Federal Republic of Germany, and $43 billion for the United Kingdom.
construction industry worldwide and this study is carried out to identify the factors affecting the construction labour productivity for floor finishing works with materials granite, marble and tile.This paper reports the results of a questionnaire survey of project managers, site engineers, supervisors
A STUDY ON THE FACTORS AFFECTING THE ECONOMICAL LIFE OF HEAVY CONSTRUCTION EQUIPMENT Hongqin Fan and Zhigang Jin Department of Building and Real Estate, The Hong Kong Polytechnic University, Kowloon, Hong Kong
Sep 28, 2010· The equipment rate means many things to many people. People within the organization use it to estimate costs and measure performance, but they forget that the rate is nothing more than an interim estimate for the actual full lifecycle equipment cost the organization expects to experience if everything proceeds as planned.
The time that the contractor is expected to finish the job greatly affects the house construction cost estimates. An unpredicted delay in project duration raises the construction costs due to increase in indirect costs. Conclusion. These are some of the factors that affect the overall cost estimate.
The initial construction cost for a electric rower line is known to be a function of the cross-sectional area A (in cm 2) and the length L (in kilometers). Let C 1 be the unit cost of construction (in dollars per cm 3). Then, the initial construction cost P (in dollars) is given by P = C 1 AL(10 5)
Factors Affecting Construction Labor Productivity 6 6. Factors Affecting Labor Productivity There are many factors that affect the productivity of labor in construction. These are generally set forth in publications or manuals made available through associations like the Mechanical Contractors Association of America (MCAA) and other organizations.
loader is a versatile piece of equipment designed to excavate at or above wheel or track level. - Many factors affect loader production: operator skill, extent of prior loosening of the material, slope of the operating area, height of the material, climate, and haul-unit positioning. Loader Trick of Trade #1: CUBIC-YARD ESTIMATES Step 1.
KEY FACTORS AFFECTING LABOR PRODUCTIVITY IN THE CONSTRUCTION INDUSTRY . By . Casey Jo Kuykendall . December 2007 . Chair: R. Raymond Issa . Cochair: Ian Flood . Major: Building Construction . Labor productivity is one of the least studied areas within the construction industry. Productivity improvements achieve high cost savings with minimal ...
3.1 Introduction. The unit cost of logging or road construction is essentially derived by dividing cost by production. In its simplest case, if you rented a tractor with operator for $60 per hour - including all fuel and other costs - and you excavated 100 cubic meters per hour, your unit cost for excavation would be $0.60 per cubic meter.
Rate analysis of Civil Works or Building Works is the determination of cost of each construction work per unit quantity. This cost includes the cost of materials, labours, machinery, contractors profit and other miscellaneous petty expenses required for the particular work to be complete in unit quantity.
Mar 20, 2011· Construction cost estimating usually proceeds in one of two ways, either the client provides the designer with a maximum budget figure, the limit for construction costs , or there is a preliminary period of study (under the schematic design phase) in which possible schemes are developed and their respective costs estimated. Some factors can ...
the cost of construction is a major factor in all projects. The major factors that impact construction costs are materials,labo requipment,, overhead, and proﬁt.The cost equipment for cof ivil engineering construction projects can range from25 to 40% o fthe total project cost.
• Mark-up for Company overhead costs on the equipment are applied to the equipment rate if the purpose is to quote a rental rate. • If the equipment rate is to determine the cost of using the equipment on a project then the mark-up is not added to the equipment rate. In this case mark-up is added to the bid at the end of the estimate.
factors affect construction machinery price. FACTORS AFFECTING CONSTRUCTION COST ESTIMATE. There are many factors which affect the construction cost estimate and have significant impact on project cost and they are as following: 1) Similar Construction Projects: For the construction estimate, the best reference will be similar construction ...
Nov 03, 2011· A contractor can never afford to own all types and sizes of equipment. A contractor does not have to pay for the construction equipment but it must pay for itself by earning for the contractor more money than it costs. Factors Affecting the Selection of Construction Equipment 1. Standard type of Equipment.
This study sought to determine the factors affecting roads Construction Projects Completion in Nairobi City County. The study specific objectives was to evaluate how project manager’s competency, project funds, project equipment and Information Technology influence efficient road construction projects Completion in Nairobi City County. The target
One of the major site factors that may increase cost of construction is the bad weather for example continues precipitation and short construction season. Fig.1: Bad weather condition during construction generates difficulty and damage part of construction project or and equipment and hence increase construction cost
Start studying Construction Estimating. Learn vocabulary, terms, and more with flashcards, games, and other study tools. ... Describe factors affecting the accuracy of detail cost estimating. 1. Construction Materials 2. ... What are some of the costs that must be included in equipment operating costs?