The cost of crane repair is more than just parts and labor – it also involves downtime, but as with other industrial machinery, the answer depends on a variety of factors.
There’s the age of the equipment to be repaired. In general, fixing older cranes typically costs more. That’s because when older hoists and cranes eventually become obsolete, reverse engineering is required to replace out-of-stock parts, adding considerably to the cost of crane repair.
In contrast, the repair of a newer crane typically costs less, especially when the crane is covered by a warranty.
Also, after a certain length of operation, some repairs are unavoidable. Many breakdowns, however, can be avoided with preventive maintenance. Regular maintenance is crucial to safe and prolonged crane operation. When regular inspections and maintenance are neglected, equipment problems build to become expensive issues that pose a risk to safety and company budgets.