A speed control system and method of assembling such a system for a power equipment vehicle such as a lawn mower. The speed control system comprises a speed control bail that pivots with respect to the vehicle handle bar, a pivot rod, and a cover. In order to increase the speed of the vehicle the operator pushes the speed control bail in the forward direction and in order to decrease the speed of the vehicle the operator pulls the bail in the backward direction. Assembly of the system on to the vehicle handle bar does not require the use of hand held or power tools thereby reducing manufacturing time and ultimately reducing production costs.