The construction industry is a vast sector. There are over three million firms in the industry, and each day they use construction equipment to help build homes, offices, and infrastructure.
Every firm knows that construction equipment is an integral part of every project. First, it helps get the job done faster and more efficiently. But because construction equipment is so expensive. For example, the average cost of an excavator is between $50,000 to $250,000, depending on its size. You certainly need to get the most out of it in every project. However, knowing when to repair or replace it is also essential. Here are some guidelines to help you make the best decision for your business:
Equipment Repair
There are a few things you need to know when repairing your equipment. Of course, the first thing you should always do is inspect it.
Inspect Equipment
You should always inspect your equipment before each project. This will help you identify any potential problems. If you see any damage, repair it before using the equipment. It’s also a good idea to track how often you use each piece of equipment. This will help you determine when it’s time for a repair.
Repairing Your Equipment
If your equipment is damaged, you have a few options. First, if the damage is minor, you can repair it. For example, if the damage is cosmetic, like a scratch or dent, you can sand it down and paint over it.
If the damage is more serious, you can replace the damaged parts. This is why having a rebuild kit always comes in handy. These kits often have all the parts you need to repair your equipment. For example, if the engine in your equipment is damaged, you can use a reliable complete engine rebuild kit to replace it. It’s much cheaper and easier than buying a new engine.
Proactive Maintenance
To get the best out of your equipment, you need to follow one principle: proactive maintenance. This means regularly cleaning and lubricating your equipment. Having a professional inspect it every few months is also a good idea. This will help you identify potential problems early on and prevent them from becoming severe. There are various ways you can ensure you can do proactive maintenance. Here are some of them:
- Read the manual: This might seem obvious, but you’ll be surprised how many people don’t read the manual. The manual will tell you everything you need to know about your equipment. It’ll tell you how to operate it, how to maintain it, and what to do in case of a problem.
- Get a service contract: A service contract is a great way to ensure your equipment is always in top condition. With a service contract, you’ll have a team of professionals who regularly inspect and repair your equipment.
- Do it yourself: If you’re experienced with construction equipment, you can maintain it yourself. This can save you a lot of money in the long run.
Proactive maintenance is the best way to get the most out of your equipment. By regularly inspecting and repairing your equipment, you’ll be able to avoid costly repairs down the line.
Replacing Your Equipment
Even with the best care, there will come a time when you need to replace your equipment. The average lifespan of construction equipment is about 15 years. But this can vary depending on the type of equipment and how often it’s used. For example, if you use your excavator daily, it will likely need to be replaced sooner than if you only use it once a week.
You need to consider a few things when deciding to replace your equipment. First, consider the cost of the repair. If the repair is going to be more than half the cost of a new piece of equipment, it’s probably time to replace it. Second, consider the age of the equipment. If it’s over ten years old, it’s perhaps time for an upgrade. Third, consider how often you use the equipment. If you find that you’re using it less and less, it might be time to replace it with something more efficient. Finally, consider the value of the equipment. It might be time for a replacement if it’s no longer worth its original price.
These are just a few guidelines to help you decide when to repair or replace your construction equipment. Remember, the best way to get the most out of your equipment is to maintain it proactively. By doing this, you’ll avoid costly repairs and replacements down the line.