The Real Cost of Equipment
The real cost of a piece of equipment will not be its price tag.
When we decide to buy a tool, we need to make sure we have enough funds to operate it, too. that's part of the Guiding Principles.
So, let us imagine a £1000 tool. We need more than £1000 to really buy this so that:
- we can have some money in the bank which we can use if we need to repair or replace it
- we can have it serviced annually (for example)
- we can buy safety equipment that needs to go alongside it (goggles, or signage, or extra flashing alarms, or whatever) - according to our risk assessment
- does the kit need special inspection or site installation? Will it increase our insurance costs?
WE also need to think about costs of materials and so on.