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EVALUATING INDUSTRIAL EQUIPMENT OPERATING COSTS

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When you purchase new equipment, the price tag is just the first expense your business will incur throughout its total service life. Before you purchase a big-ticket item—even when the equipment is meant to last for years—take the time to consider ancillary costs that will follow the purchase.

Some of these basic cost factors may include:

  • Maintenance and servicing
  • Repairs
  • Annual safety or industry-specific inspections
  • Costs related to unexpected facility downtime
  • Improvements and upgrades

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