Construction Equipment Economics is "The Bible" of fleet management and should be required reading for all owners, senior leadership, and managers of estimating, operations, equipment, and accounting for contractors with equipment fair market value (FMV) exceeding $1M.
Even if you have the old book, version 2 is still a must read organized into five parts:
- Build Your Organization
- Know Your Costs
- Manager Your Fleet Average Age
- Ensure Utilization
- Be Proactive
Michael Kelley, the President of Slivertrek Systems has put together a great series of discussions with Mike Vorster covering every aspect of Construction Equipment Economics v2 including lots of application case studies and additional information.
Yellow Iron, Black Smoke can be found on Audible, Apple, Spotify and several other platforms. Every episode has great information. Those focused directly on the book and Mike Vorster are below:
- Professors, Books, and Yellow Iron (Audible, Apple, Spotify)
- Equipment and People Processes (Audible, Apple, Spotify)
- Costing Insights: Owning and Operating Costs (Audible, Apple, Spotify)
- Profit Centers, Capital, Responsibility, and Accounting (Audible, Apple, Spotify)
- Owning and Operating Costs: Understanding the Curve (Audible, Apple, Spotify)
- Rate Calculations (Audible, Apple, Spotify)
- Budgeting and Cost Management (Audible, Apple, Spotify)
- Fleet Age Management - The Optimum Ownership Period (Audible, Apple, Spotify)
- Thinking Like an Investor - Rebuilds, Replacements, Rentals, and CAPEX (Audible, Apple, Spotify)
- Utilization - Making Sure Your Asset is an Asset (Audible, Apple, Spotify)
- Decision Making - Asking Why 5X and Building Consensus (Audible, Apple, Spotify)
- Reliability: The Granddaddy of All Equipment Metrics (Audible, Apple, Spotify)
- Be Proactive! Solving Equipment Problems Before They Are Problems (Audible, Apple, Spotify)
- Utilization - Case Studies in Strategies and Tactics (Audible, Apple, Spotify)
- Visualization - How to Look at Data (Audible, Apple, Spotify)
- All About Mike Vorster and C.E.M.P. (Audible, Apple, Spotify)
