How to Estimate Equipment Cost In Construction Projects
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- เผยแพร่เมื่อ 25 ก.ค. 2024
- In this video I explain how to calculate the cost of equipment in construction projects, including all associated cost to the equipment used in construction projects such as acquiring cost, operator cost, fuel cost and any miscellaneous cost related to the equipment in the project.
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Dear Sir: Lesson is very useful and thank you so much
Thanks a lot 🙏 and wish you all the best.
Your videos are always very informative.
Thanks
Thank you brother. You always support and really thanks a lot for that ❤️. Hope you are doing well.
Great video, thanks
Thank you 🙏🙂
Sir, thanks a lot for Sharing your experience in such a easy and informative way.
Very Informative video. Keep doing more video like this. 👍
Thank you bro 😊❤️
Hi. Great work.but TVM you have mentioned in 9:25 is vice versa. money shall lose value by time due to discounting present value concept
True 👍 I’ll cover that concept in separate video. And thanks a lot for watching and support ❤️
Thank you very much.✌✌
Thank you brother 🙏, hope you enjoyed the video.
Hello! Can you also make a discussion or tutorials on how to give a cost price when you are a general contractor and get a subcontractor for the project.
Hello and thank you for watching 👍. Sure I can do that for you. Do you have any suggestions on which subcontract package you want me to discuss ??
@@CEPQS I want a fire protection scope of work if you can. But if not anything you want for the benefit of everyone.
Hi Ahmed, thanks for such a useful video. With regards to the items of calculating excavation rate, what happens if you are hiring an excavator and not buying it, what will change in the formula?
Re
Hi, Sir Can I have an Excel sheet related to the above video. Thank You.
Interim payment 1 bill and final bill excel .can u send .one more videos explanation with excel sheet .I can download
Can u send excel sheet prepare payment certificate for project
Yeah sure, mail me on info@costengpro.com 👍
I sent mail to you.pls send as soon as possible.i m waiting for your reply
Excel sent :)
TLDR: Equipment cost estimation in construction projects involves factoring in various annual costs and considering the time value of money for future resale, in order to determine the total cost of equipment and make informed decisions about acquiring and using it.
00:00 💰 Equipment cost estimation includes purchase price and annual cost per year, which can be calculated by dividing the loss of money over the years by the number of years.
01:33 💰 Equipment cost estimation in construction projects includes factoring in operator cost, fuel cost, and service/maintenance costs per year.
03:01 💡 Equipment costs in construction projects include maintenance, insurance, and company overhead, with total annual costs including equipment, operator, fuel, service, and miscellaneous expenses.
04:38 💰 The total cost of equipment in a construction project is determined by the annual cost and the productivity of the machine.
06:02 💡 The excavation rate for the excavator is 1.65 dirhams per cubic meter, not accounting for loading or disposal costs.
07:09 🚜 Excavation subcontractors need to ensure constant work for their equipment, while main contractors should carefully consider the need for equipment before acquiring it.
08:24 💰 Calculate the cost of equipment in construction based on annual cost and usage, and consider the time value of money for future resale.
09:33 🏗 Pay close attention to the time value of money, especially in high inflation countries, but in low inflation countries like where I am, it will not affect calculations much.
Your video is good, but you talk too fast. Try reducing the speed of your teaching for people to understand better.
Thank you for watching and I promise I’ll do my best to make it more clear 😊👍
After 5 years the value of 100000 is less than today .
Correct
But if you plan to have 5% interest on them every year then after five years they will be more than 100000 👍
Future value = present value x (1 + i)^n
Where i is the interest rate and n is the number of years