Mastering Equipment Costs - Part II : Equipment Operating Expense (EOE)

Per Diem Podcast

Jump in the front seat as the host Keaton Turner takes you on a daily ride through his life as if you were sitting right there in the action with him. The Per Diem Podcast is a daily dialogue of the good, the bad, and the ugly of building a business.

Mastering Equipment Costs - Part II : Equipment Operating Expense (EOE)

S2 E83 • Aug 7, 2025 • 40 mins

Keaton Turner explores mastering equipment costs, sharing insights from his experience. He tackles challenges like Equipment Operating Expenses (EOE) variability, idling implications, and calculating EOE by asset ID. Keaton discusses environmental fees, the importance of cost preparation for project bidding, and dispels equipment cost myths. He also provides a real-life example of equipment longevity and emphasizes the role of machine costs in business success. The episode concludes with a teaser for what's next.

Key Points

Mastering equipment costs is an ongoing challenge due to fluctuating prices and varying operating conditions.
Accurately estimating equipment operating expenses requires tracking historical data and understanding job-specific wear and tear.
Fundamentals like knowing the cost to run each piece of equipment are crucial before considering broader business strategies.

Speakers

Keaton Turner

Host • 100%

Chapters

0:40	Introduction to mastering equipment costs
1:45	Welcoming new listeners
2:08	Learning from experience in equipment costing
3:03	Challenges in equipment costs and EOE
7:55	Variability in EOE
9:10	Idling equipment costs
12:33	Calculating EOE methods
17:49	Logging costs by asset ID
19:37	Environmental fees challenge
28:25	Preparing costs for project bidding
34:06	Understanding costs over strategy
35:48	Equipment cost benchmarks and misconceptions
38:21	Real-life equipment longevity example
39:04	Importance of machine costs for business success
39:35	Conclusion and next episode teaser

Transcript

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