Cost calculation is a crucial part of the construction planning process, and we want to be sure that the cost will remain on track even after occurred delays or any unpredicted cases (such as COVID 19). ALICE Cost Calculation help users to keep eye on their critical resources, such as expensive equipment and materials, and make a data-driven decision on time.
In this article, you will find a detailed description of Equipment & Crane Cost Calculation during the Manage phase.
Equipment will incur costs based on the quantity used and cost at the time of scheduling. For example, given the following schedule, where the user reschedules at hour 4:
If each task uses a single piece of equipment or crane, the utilization chart looks like this:
The equipment works 5 hours total prior to reschedule and 4 hours after reschedule. So the total direct cost is (5 x old equipment cost) + (4 x new equipment cost) = Total Equipment Cost
Idle time cost calculation is also incurred based on whether it occurred before or after reschedule. In this case, 1 hour of idle time occurs before to reschedule, so the idle time cost is (1 x old equipment cost).