From the category archives: Equipment

Equipment

Three Channels for Selling Used Machinery

  When offloading used machinery and heavy equipment, sellers want two things: to sell quickly and to get the best price possible. Finding the right potential buyers, uploading and updating listings, selecting the right marketing and advertising channels, setting up meetings, and working out the logistics of the transactions can add up to a lot of money spent and hours wasted. 

Construction Fleets Poised to Expand

  Teletrac Navman’s new Telematics Benchmark Report found more than half of global construction firms will be expanding their fleet size during the next year as a result of increased demand for services and the need to replace older machines. More than 80 percent of organizations already are using telematics or plan to do so in the next year, citing equipment tracking as the most common use, followed by tracking speed and hours driven. More than half of respondents using telematics have seen reduced fuel costs up to 40 percent, and almost one-third have had fewer accidents. 

Why It’s Construction’s Time for E-commerce

While the business-to-business wave of e-commerce technology might not be generating as much buzz as the platforms people are most familiar with (Uber, Amazon, etc.), it can deliver serious benefits for equipment and materials procurement in the construction industry. 

According to estimates by market research firm Forrester, business- to-business e-commerce will reach $1.2 trillion and account for 13.1 percent of all business-to-business sales in the United States by 2021. At the end of 2017, Forrester expects e-commerce to reach $889 billion and represent 11 percent of total business-to-business sales in the United States.

Achieve a Well-oiled Machine With Modern Materials Management

Construction projects are often compared to manufacturing assembly line operations—insomuch that they are nothing alike. The typical construction project has so many moving pieces being assembled in unique ways and in varied locations, making no two projects exactly the same.

Avoiding the Big Spend: Tracking and Caring for Rental Equipment

Sometimes, renting equipment makes perfect sense. In this still-tight credit environment, some lenders aren't willing to finance a large piece of equipment, or an outright purchase might not add up financially if the equipment is only needed for a short duration. For contractors on a budget, rental companies usually have the latest models in their inventories, a luxury that is out of reach for many smaller firms. Plus, renting equipment is convenient, with the duty of maintenance, set up and transportation being someone else's problem. 

Nevertheless, there are still ways contractors can end up paying more than they planned for that rented backhoe or core driller. The good news is that there are strategies to prevent that extra spend. 

 

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