Unscramble and Balance your Equipment Account

Jan. 1, 1970

Archived webinar:

Thursday, July 30, 2015

 2:00 PM - 3:00 PM Eastern  

Participants earn one Professional Development Hour.

Register Here

Webinar Overview:

Learn the systems needed to understand what is going on inside the equipment account and the information you need to take appropriate action.

Many companies see their equipment account as something of a mystery. Do you know how to unscramble and balance your equipment account?

In this webinar we will look at how to develop practical tools that improve equipment costing and produce actionable information based on a knowledge of budget variances and the fundamental difference between equipment owning and operating costs.

At the end of the webinar, attendees will:

  •     Understand the importance of balancing cost and budget within a given equipment rate class and of eliminating cross subsidization between classes and categories of equipment.
  •     Know the difference between equipment owning and operating costs and know what action to take when budget expectations are not met in either one or both of these principal equipment cost types.
  •     Be familiar with report formats and graphics that present information in a clear easily understood format that drives appropriate action and produces the required results.

Company Info:

Viewpoint Construction Software is a global provider of innovative construction-specific software solutions and services that offer the AEC and owner communities the tools they need to improve project profitability and visibility, manage risk, and effectively collaborate with project owners and the entire project team. Viewpoint solutions include everything needed from preconstruction to construction and facilities maintenance, and are offered on a variety of platforms including Cloud, Mobile, SaaS and On Premises. Headquartered in Portland, Oregon, USA, and with offices in the UK, Australia and Canada, Viewpoint has become the technology partner of choice, with customers located across the globe in more than 28 countries which include more than 30 percent of the ENR 400, and partnerships with more of the top 50 mechanical and electrical contractors in the United States than any other construction software provider. For more information, please visit http://viewpoint.com/.


Mike Vorster

Mike Vorster is the President of C.E.M.P.Central Inc. and the David H Burrows Professor Emeritus at Virginia Tech where he taught in the Construction Engineering and Management Program for over 20 years.

His teaching and research interests focus on construction equipment, estimating, cost engineering, and contract dispute resolution. He is a consultant to various companies in these areas and is the academic advisor to the Association of Construction Equipment Managers for whom he has presented a number of seminars and short courses focusing on the management of Construction Equipment. Mike is the author of Construction Equipment Economics and leads in the design and presentation of the Construction Equipment Management Program.  

He is a member of the National Academy of Construction and the Virginia Tech Academy of Teaching Excellence. He holds a BS in Civil Engineering and an MBA from the University of Cape Town and a PhD from the University of Stellenbosch. He is the recipient of numerous awards including the State Council of Higher Education for Virginia Outstanding Faculty Award, the Basil Reid Gold Medal for contributions to construction and the ASCE Peurifoy Award for construction research.