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Assuming a conservative figure of USD 2,300 per crane hour, a difference of just one per cent in the total availability (reliability) of a crane will amount to a loss of following revenue to the operator: 3.65 days (1 % of 365 days) x 24 hours x USD 2,300 = USD 201,500 per year.
Below is a chart, courtesy of The Means Report, published byRSMeans, the industryâs leading construction cost estimating resource.Cost of Hydraulic 2Â­Stop ElevatorThe installed cost of these units range from $65,000 to $75,000, depending on the location, and the trendright now is in a down cycle.