Assessment of Hire Rate Analysis of Heavy Equipment in Nepal
Keywords:
Hire Rate, Heavy Equipment, Construction, DOR, DOTMAbstract
The purpose of the study was to analyze the hire rate of heavy equipment used in road construction of Nepal and work out appropriate and standard hire rate. Information about heavy equipment market was identified through a structured questionnaire that was asked to machine owners, Heavy Equipment Entrepreneur’s Association of Nepal (HEAN) members and authorized dealers of machines; group discussion with related personnel; and reports and publications of HEAN, Department of Road (DOR) and Department of Transport Management (DOTM). The data analysis was done by using a trend projection for estimation of operating cost. Hire rates of Excavator/ Komatsu PC210, Excavator/ JCB JS205, Excavator/ KomatsuPC130, Grader/ KomatsuGD511, Track Dozer/ KomatsuD39Ex, Backhoe Loader/ JCB 3DX, Loader/ JCB 432ZX and Vibrating Roller/ JCB VM1158 were det ermined on the basis of owning and operating cost method. Hire rates of eight different machines were determined which was found to be nearly 20 percentage higher than hire rate of DOR equipment; this is because DOR did not add profit for operation. Calculated scientific hire rate was recommended to HEAN to practice in market that will make their investment safe and generate more profit all the time. Record keeping of data related to maintenance cost, machine utilization, and revenue generated from hire were found to be very poor with machine owner. So it is proposed to practice standard format which has been developed to suit our condition for better record keeping.
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