Join us for an immersive Vista training course focused on Mike Vorster's method of equipment management.
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Building a world-class equipment organization inside of a construction company is a complicated and difficult job. Mike Vorster, in his ground-breaking book Construction Equipment Economics, laid out the core principles of equipment economics. For 15 years, Mike and Michael have taught these principles and helped equipment departments of construction companies around the world make use of them. Now, Mike and Michael have created a framework for the implementation of these principles. In this book, you will be guided through the ten primary steps that will allow you to join the ranks of the best construction managers anywhere.
Learning Outcomes
5 Months
Organize Yourself & Your Fleet
The relationships betweenteams focused on building the work and teams focused on providing the requiredequipment are complex and must be managed within a defined and well understoodorganization structure. Construction equipment fleets are large and complex entitiesthat include everything from a small quickie saw to a 400-horsepower dozer. Not every unit in the fleet can or should bemanaged in the same way and it is absolutely essential to organize the fleetinto distinct groups so that each can be given the skill care and attention itdeserves.
Collect and Verify Location Status Data & Utilization Above All
Collecting and verifying data is a team sport – everyone uses data, everyone must contribute to collecting it. Everyone must believe it.
We want our machines to work, produce completed construction and generate contract revenue. Utilization measures our success. Utilization measures your ability to recover the fixed costs of ownership.
Reliability Before Availability & Manage Age
You maintain machines because you want to stop them from breaking down. Since reliability measures how often the machines break down, it is the the simplest and most direct measure of how successful you’ve been. Few things in a business has the long-term implications as the expenditure of capital, often shortened to the term “CAPEX.” And few things in require as much ongoing CAPEX spending as a fleet of construction equipment
Understand Owning and Operating Costs & Understand O&O Costs
The owning andoperating cost of equipment is made up of many different cost types, each ofwhich carries its own risks and uncertainties and each of which behavesdifferently over the life of the machine. Estimating O&O costs is a difficult high-risk operation. As with all estimates, accuracy and confidence come from the quality of the individual estimates you make and not from the way you perform the calculation.
Recover Costs, Charge Jobs Fairly & Produce Your Budget
The equipment cost recovery system must charge jobs fairly for the equipment that is available on site and used to build the work. The purpose of creating a budget is to forecast the future such that you can measure against it, such that you can change future behavior.That’s it. It’s simply a tool of helping a business ensure that the incoming money and the outgoing money meet expectations.
Equipment Bootcamp Registration
Session 1- June 25th-26th
2 days remote
Session 2- July 23rd-24th
2 days remote
Session 3- August 20-21st
2 days remote
Session 4- October 1st-2nd
2 days remote
Session 5- Part 1 - October 28th-29th
Located in Battle Ground, Washington
2 days in person
Session 5- Part 2- October 30th
Located in Battle Ground, Washington
1 day in person- Equipment Symposium
beginning
June 25th
Register Now
The Equipment Symposium registration is included in your bootcamp purchase. If you would like to send members of your team to the Equipment Symposium exclusively, you can register them here.
The Equipment Bootcamp Commitment
The Bootcamp consists of five sessions held monthly over five months, with a maximum of three attendees per company per session (alternating attendees allowed). Participants should expect 5-10 hours of weekly work on assigned tasks and self-determined goals.
The cost is $9,500 for the first 3 attendees, then $1,000 per additional attendee.
The package includes consulting time, meals when in person, and a set of comprehensive Equipment Reports.
You'll be working with a network of peers facing similar challenges, learning from each other, contributing to sessions, and sharing information confidently. A minimum of three companies or six individuals is required to start the Bootcamp cohort.