Rebuilding equipment can give you a like-new lifespan with a lower price tag. Some pros and cons to rebuilt machines include: Benefits of rebuilding equipment. Can take the longest time; May not be able to upgrade.
Generally if the cost of the repair is 50% or less of the cost for replacement, and the equipment life-cycle expiration is 50% or lower of its expected life-cycle, the equipment will be repaired.
Should I repair or replace my equipment?
If your equipment has just one or two broken components, repair is an excellent option. It is a fast and affordable fix that can get your equipment back on a project quickly.
How do you know when to repair or replace equipment?
The decision to repair or replace equipment should be based on minimizing the total cost of the equipment to the business over its remaining lifetime. There are a number of factors to take into consideration when deciding whether to repair or replace equipment, which we've broken down below.
When maintaining your fleet, consider when to rebuild or replace old equipment. Older machines are likely to need more maintenance, and repairs may become more expensive. Therefore, it's usually more profitable to rebuild or replace the part.
Is it worth it to replace old equipment?
When deciding whether to replace your equipment, consider your projects. It may be worth it if you regularly bid on contracting work. Be aware that tier 4 engines can affect your operating costs, as they require ultra-low sulfur oil to operate, which can increase expenses.
What factors should be considered when repairing equipment?
Factors to be considered are: a. Cost b. Fault or Breakdown frequency If the cost of repair is more than half of the equipment. Then it is not advisable to repair and may be replaced by a new one. If breakdown frequency is greater and the equipment affects working of other equipment or user badly A very useful guide.