American Society of Civil Engineers

Field Studies in Construction Equipment Economics and Productivity

by Govindan Kannan, (Vice President of Business Development, Volvo Group North America, 7900 National Service Rd., Greensboro, NC 27409. E-mail:

Journal of Construction Engineering and Management, Vol. 137, No. 10, October 2011, pp. 823-828, (doi:

     Access full text
     Purchase Subscription
     Permissions for Reuse  

Document type: Journal Paper
Special Issue: Construction Engineering: Opportunity and Vision for Education, Practice, and Research
Section Heading: Construction Engineering Economics
Abstract: Earthmoving and construction equipment have evolved significantly during the past century. During the same time, our ability to study and understand equipment economics and productivity has also gained significant ground. This paper relates some of the recent academic research to industry practices. In doing so, it validates some parts of the research and makes new observations in three areas: repair costs, residual values, and total cost of ownership (TCO) and productivity. It also provides a few pointers for future research.

ASCE Subject Headings:
Construction equipment
Economic factors

Author Keywords:
Equipment economics
Repair costs
Residual values
Total cost of ownership