Construction equipment have evolved as per changing requirements in the industry. Earlier for one job many equipment were required but now one equipment can do multiple jobs. Appropriate use of equipment contributes to completion of project on time, work speed, quality, and most importantly economy. It is not always possible for the contractor undergoing construction works to own each and every type of construction equipment required for the project due to complexity of project, shortage of skilled or efficient manpower, project involving handling of large quantity of earth materials, coping up with the time schedules, etc. However, one can purchase or hire the equipment as per suitability. If the equipment has to be used frequently and for a long duration of time then it proves to be economical to purchase the equipment. On the contrary, if the equipment has to be used occasionally and for a short duration of time, it proves to be economical to get it hired.