Planning And Cost Accounting Of Construction Equipments

Authors: Ms.Sharvari Raju Gawde, Prof. N.R.Patil

Abstract: Construction projects require efficient planning and cost control to achieve timely completion and economic feasibility. This study focuses on the planning and cost accounting of construction equipment used in large-scale projects, with a detailed case study of the Koyna Hydro Electric Project (Stage IV extension). The research emphasizes the importance of selecting appropriate plant and equipment based on project requirements, site conditions, and economic considerations. The study examines the balance between mechanization and manual labor, highlighting that proper equipment selection significantly influences productivity, cost efficiency, and project duration. It also analyzes ownership and operating costs of equipment, including factors such as depreciation, fuel consumption, maintenance, and utilization rates. A comparison between estimated hourly usage rates and actual costs incurred is carried out to identify variations and improve future decision-making. The findings indicate that effective equipment planning, optimal utilization, and accurate cost accounting can reduce overall project costs and enhance operational efficiency. The study concludes that systematic management of construction equipment plays a vital role in achieving quality work, timely completion, and cost optimization in modern construction projects.