PC360 Komatsu excavator

Determining operating costs for more accurate bids

            Industry estimates put owning expenses at 25 to 30 percent of the total machine owning and operating picture. These costs, which include finance, interest, depreciation and tax, tend to be fairly straightforward. The remaining balance – 70 to 75 percent – includes labor, fuel, parts, repairs, operator expenses and other related items that make up the operating component, which is more variable and comprehensive.             Calculating operating costs is the more difficult of the two because so many factorsRead More

Lower equipment operating costs:
Simple ideas for reducing fuel-related expenses

Contractors know that today’s marketplace is more competitive than ever and any edge can make a difference. With ever-fluctuating fuel prices, one chief concern is how to bid a project, knowing that the job may not start for months. Do you bid at current prices and hope they stay stable, or do you plan for potential price increases? Either way, there are methods to offset the rising costs of running equipment. Some may be things you’re already doing, others areRead More