The Real Cost of Equipment

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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.