Glossary Terms

Equipment overhead costs include the direct costs of normal risk insurance and property taxes along with the indirect costs of storage, security, mechanics supervision, inspection, licenses, and [...]

Cost of Facilities Capital (CFC), which is not the same as interest charges, addresses the cost of money invested, whether the machinery is purchased with cash or financed.

In general terms, depreciation is the loss of fair market value of an asset over time, usually as a result of wear and tear.

The Mechanic's Wage is the hourly rate paid for labor including fringe benefits.

Average cost of fuel in $/gallon or electricity in $/kWh.

Fuel costs are included for machines that have dual engines or are truck mounted.

Lubrication includes the costs of oils, grease, coolants and filters. Labor and ancillary equipment involved in servicing is also included.

Primary Engine Power Consumption is calculated using average load factors, equipment horsepower, and the price of fuel per gallon. Actual fuel consumption will depend on variations in load [...]

Ground Engaging Components Cost include repair and/or replacement, either in whole or part, of ground engaging components such as pads, drums, teeth and cutting edges. 

Tire Life is the expected life in hours of a new set of tires, based on severity of application.