Category Archives: construction equipment

Make use of right platforms to rent your heavy equipment

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When you are dealing with highly priced items, it is very important that you follow the right platforms to deal with them or else it may lead to various sorts of complications in the future. It may also lead to losing the heavy equipment forever. In order to avoid any confusions or hindrances, it is crucial that you follow the right platforms and you will find things going your way. Construction equipment is quite expensive. You buy a machine for thousands of dollars and put it to use for few years. After which you feel the need to upgrade your arsenal and have to do away with the old machine. However, if you are not a filthy rich guy, it will definitely pinch you hard to just let go the old metal. If possible you may want to retain the machine but if you do not see any use of it, then there is absolutely no point in keeping the junk with you.

In such a situation it is prudent that you let-out the machine to another user and collect monthly rent from him. In this way, you still possess the equipment and also have put it to use and simultaneously getting good money as rent. Now, when you talk about renting the machine, it is quite imperative that you follow few parameters that will let you rent the equipment without any risk of losing it. Following few essential parameters means that you rent the machine through proper channels and by following right set of rules.

First and foremost you should be checking the right channel through you can search takers who would be willing to take your machine on rent. You can depend on newspaper classifieds or websites that exclusively deals with heavy equipment. Most of the websites that deals with purchase and sale of heavy equipment also works in the sphere of renting them. You have to classify one such website that is pretty famous within the masses. By posting the heavy equipment in that website will increase its viewership. People from across the country will get access to check the ad and anybody is interested will get in touch with you. You can then decide if you want to ship it to a different city or want to give to someone who is from your city.

You may charge the shipping cost from the taker but that has to be informed to him in advance. One more thing that is more important that discussing the shipping cost is the rent amount and the period for which they are seeking to rent the machine. Also, you got to state them very clearly the duration at which they need to service the machine. If the machine will be used extensively then servicing the machine should be more frequent. Make sure that you prepare a proper rent agreement with the taker and mention all the valid points that you guys have agreed to in the agreement. Once the agreement is signed, you can ship the machine to the taker.

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Referring to excerpts of experts can be really helpful

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It is unlikely for an individual to know the depth of everything as he can master himself in one sphere if not more and therefore for things that he do not know, he needs to depend on others. It is quite obvious that we can’t perfect everything in our life span and when it comes to the construction domain, it becomes all the more difficult for a person to know all about this industry. It may take him years of his involvement in this industry and still he may find something new to learn in the following day. This can only suggest how wide this industry is and how much absorbed you have to be to become an expert in this kind of business.

It is not that this industry lacks experts. You will certainly come across people who possess good knowledge about the construction domain but they may not know much about the heavy equipment sector. They may be able to answer few generic questions about machines (some may even answer more than generic) but if you try to get into details, they may not be sure of their answers or opinions. A strategist in a construction company may not be able to speak a lot about the engineering part of the business and the operator will not have any idea how to handle the financial transactions. In such a scenario if one gets stuck at a point and needs some help, they have to approach the expert of that field.

Ask a person whom you can trust:-

It is crucial to have a mentor in this industry who can guide you in different stages of your career. It is not necessary that the mentor has to be an expert of his domain but he got to be someone whom you can trust. A person who will not misguide you ever and is also known for speaking things that make sense. If you know such a person, you can put your worries on his shoulders (not literally though) and pursue his guidance.

An experienced person can be real handy:-

If you get jammed with some issue and do not know how to get out of it, it is advisable that you speak to someone who has been in the line of business for many years. They have witnessed a lot of scenarios in their life and have defeated many troublesome situations. It becomes prudent to approach such an experienced person and knowing what you can do to get out of the trouble. In case, you get caught in some legal issues, there you take the advice of an expert attorney.

Become a member of the heavy equipment community:-

You can join a heavy equipment community and can read the post of expert writers, members who have been writing for years on subjects of your interest. If you need any help in particular, you can post your query and wait for someone to answer on it. These sites really work for people who are new to the construction domain and are looking for some help or expert opinions.

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Rent a Track Loader and earn decent rental income

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In a construction job, there are various types of heavy equipment used and many heavy equipment are more or less similar as far as their work is concerned. This means that one type of heavy equipment is compatible to do work of other heavy machineries as well. Though they have certain limitations but can certainly be used in the absence of the primary machine. One such heavy equipment is a Track Loader which is competent in excavating land and loading the debris automatically on the truck.

Though people prefer using an excavator for digging deep in the ground but something that does not require digging that deep can be done with a track loader. At the same time, since excavators are more in demand, they are also highly priced machines. You can find a track loader to be anytime cheaper as compared to an excavator. However, a track loader is more often rented than any other machine. The reason could be that it is available within the budget of a mid-sized construction company.

By renting a track loader, you can earn good rental income. So in case you have a loader that is not in use and you have decided to sell it, you should perhaps give it a second thought. Selling the machine will give you a good chunk of money but that will be the end of the story but if you let it out for months or year or so, you continue to get the rental income and also by regular servicing of the machine, you can lengthen its life and therefore keep its selling price intact.

Getting a taker for the loader is also quite simple. With the help of internet, you can post the machine on an online portal and write in details about its description. Try to post as many pictures as you can so that people by getting a look of the machine can assume it to be a good one. Quite truly, the machine has to look good to catch one’s attention. Therefore, if the loader is dirty and looks filthy, get it washed and painted. If there are any dents, get that removed and replace any parts that have ceased to work. All this needs to be done before you put the pictures on the listing. A detailed description is important for people to know what they are getting into. Normally, takers wish to contact the owner of the machine before striking the deal. So you can write all that is true and wait for the takers to call you.

While you list the Track Loader, please specify the rental amount in clear terms. There should not be any sort of confusion pertaining to that. If you are ready for negotiation, you can entertain the taker or else strictly mention that you are not willing to negotiate the price. Ideally, you should keep a window for negotiation and not be so rigid with the price.

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Do not misrepresent your listing on online portal

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Doing business is not the same as it was few decades ago. Then people had to put their stuffs in big stores for buyers to come and buy. It is no longer the same now. Today, we have websites that deals with buying and selling of every possible item that one can think of. You can even sell your dozer on one such website and still expect a good price from it. Selling of heavy equipment on such websites has become the trend now. There are plenty of people who are listing their heavy equipment on sites like eBay, Craigslist, Amazon etc. Each of these portals has their own way of listing items. They have formed certain rules that they want their members to follow and one such rule that is being followed quite stringently is to not misrepresent the listing on the website.

We will be discussing in length as to why almost all the online portals that deals with buying and selling of heavy equipments follows this rule so stringently.

Misrepresenting is equal to cheating the buyer:-

When you are misrepresenting your listing, it clearly indicates that you are not true with your listing and you keep the intention of cheating the buyer. Else you will not mention anything that is by any manner sounds to be untrue. Viewers while they checking out your listing, they keep some level of trust on the online portal as well. For instance, if you are checking out a crawler on Craigslist, back in your mind you have the belief that whatever is listed on Craigslist is genuine and the seller will not misrepresent the item there. So you go as per the description stated on the listing and if you like the product, you go for the sale. Now if Craigslist does not give much importance to the description part, sellers will get the freedom to write anything on the description and that will for sure lead to the debacle of the website. Buyers will undoubtedly feel cheated and will look for some other option.

Sellers will also lose their credibility:-

It is not just the portal that will lose its credibility but also the seller will affect his reliability. Buyers will find it hard to trust any seller. This is not in any manner a healthy sign for the online business. Sellers will be able to make few sales by misrepresenting the item but once the buyer finds out that he is cheated, he will definitely leave a poor feedback for the seller. This negative feedback will go completely against the seller and there is also a possibility that he will be expelled from listing any further items on the website. The website will not want people to list heavy equipment who falsify the description part and stern action can be taken against such members.

The online websites have given many of us a great opportunity to sell construction machines without any hassles. We should respect this opportunity and ensure that we list the machines giving most accurate description that we can.

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Heavy Equipment Insurance

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When our lives are full of uncertainties and we have a lot of responsibilities to take care of, it is advisable that you take adequate insurance coverage so that the responsibilities that you have are well managed in your absence. Insurance in the need of the day. We will probably not find a single person without a life or a general insurance which includes vehicle insurance, home insurance or medical insurance. You never know when you will need one and therefore it is instrumental that you that you one in place. Nowadays we also have insurance that protects you against risks that is attached to your company or your business. It has become almost mandatory for companies to insure themselves against such risks. Talking about the construction industry, one of the most important components that this industry has and is always prone to risk is heavy equipment.

Heavy equipment are required to work under intense conditions and at times they work for hours without taking adequate breaks. This form of machine is quite tough but it also has its saturation point and if someone tries to break its saturation point, the machine will react. This means that the construction equipment will break down. Other than this, there are other risks that are attached to heavy equipment which are beyond human control. Your machine can get damaged due to some external calamity, fire or explosion. There are risks of it getting stolen as it has a huge demand in the market where stolen goods are bought and sold. You definitely need an insurance company that will cover your equipment with all the possible risks that you can think of.

There are many insurance companies available in the US that deals with protecting heavy equipment. They also deal with other insurance products and therefore you can check with the insurance company from whom you have covered your life or your business if they can provide insurance for heavy equipment. Some of the insurance companies that provide insurance to heavy equipment are Liberty Mutual, Occidental Fire & Casualty, and American Southern Insurance etc. You can get in touch with your financial advisor who will help you to select the best plan. You can also check the details with the insurance agent of the respective company to know the annual premium and the maximum coverage the company can offer on the machine.

It is understood that the heavy equipment are vulnerable to risks like theft and it is also not possible for every construction company to protect it from getting stolen. So the next alternative is to insure them. However, one also needs to check the claim settlement process of the insurance company. Some insurance companies become a big pain when it comes to claim settlement. It is therefore quite imperative that you check the claim settlement history of the insurance company before you go for it. You can find that out by visiting their website where you will see the number of claims they have settled in a year.

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Why should we do preventive maintenance for heavy construction machinery

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In order to increase the life of any mechanical substance it is highly crucial that it is serviced, checked and maintained at regular intervals. The mechanical instrument is perhaps being used all throughout the day and if any such instrument works for hours at a stretch then the chances of it breaking down increases manifolds. This is the reason why the owner of the stuff should take uttermost care to service it at regular intervals and ensure that if it shows any signs of wreckage that should be addressed then and there. Heavy construction machinery falls under the category where it works almost all throughout the day. Heavy equipment are quite expensive and the owner of the machine can’t afford to just leave it unattended and uncared. On top of that, you can’t work for a day without the help of heavy equipment. They constitute an integral part in the growth and success of your business and therefore their ill-health can’t be and should not be ignored.

Can’t buy another one easily:-

Due to the high price of heavy equipment you can’t afford to buy a new one whenever you see a need for it. No one wants to sell their used heavy equipment for cheap and if that is the case then one can easily imagine the price of brand new heavy equipment. For that matter if your machine goes out of order and you need to keep up with your work pace you have to get another one its place or repair the existing one. Getting another one is not a wise idea and getting repaired means you have to wait for days to get it back fixed. This means that your work is now in jeopardy. This is one of the prime reason why you should always ensure that the construction machines are serviced and maintained regularly so that it does not develop any glitch at the time when you need it the most.

Hiring a mechanic can prove to be expensive:-

Heavy equipment mechanics are equally expensive as they understand the complex stuff that they are dealing with and when you deal with a complex thing you charge more for that. So if there appears to be any technical glitch that may have surfaced due to improper maintenance, you have to call a mechanic. Now this guys will fix his rate depending how complex the problem is and how long will it take for him to get it fixed. Moreover it will not be a day’s affair. He might just take the machine with him and will give it after a couple of days or may be even more. The same is applicable if you give it to an authorized dealer who fixes heavy equipment.

Servicing and maintaining heavy equipment is not a thorny thing to do. It is all about remembering the last time when you serviced the machine and also recognizing from the signals the machine throws if it develops any problems.

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Second hand machines are better alternative to newer heavy equipment

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If you have a start-up business and are aware that you will always have the need of funds to function, then it makes little sense to buy new heavy equipment which will cost thousands of dollars. On the other hand, you should focus on buying used heavy equipment which has the potential to function if not like a brand new machine but no less than that. Second hand machines are always a safer bet for young construction companies. They need not spend a fortune in procuring machines that will perhaps be a bit faster than a second hand machine.

We will speak about few advantages of buying second hand heavy equipment over a brand new one.

Functions may be user friendly to the operator:-

One of the major disadvantage of new heavy equipment is that the functions involved in the machine are completely new and the operator may take few days’ time to learn the stuff and set its hand on it. For the first few days he will experience a bit of uneasiness on the new machine. This can happen with a highly experienced operator as well. He will be bound to make few mistakes while operating the equipment. They feel at home to work on machines that they have already worked on in the past.

The functions of the second hand machine will be quite familiar to an experienced guy and he will not take much time to begin the work. Simultaneously, if the machine breaks down, he may have some idea on the probable issue and might give some advice to get it back and running but if he is working on a new machine and is having a hard time to operate it; you got to call the technician of the company to fix a problem.

Second hand machines are pretty economical:-

Money plays a vital role in the construction business. A contractor will be happy to invest his money in machines that cost less to him and are highly productive. He will not want to compare it with newly manufactured heavy equipment with advanced technology attached with it. It hardly matters to him as far as he is able to make sizable profit and run his business after paying all his debts to the stakeholders. In a situation like this, the contractor will certainly want to invest his money in buying used machines as that will help him to save a lot which can be utilized for other operational expenses.

Procuring second hand heavy equipment is no tough job:-

Buying second hand machines have become relatively simpler than what it was a few years ago. Now one need not depend on newspaper classifieds to know about the person selling used machines. All he needs to do is type the kind of machine he wants on the internet and he will find a number of sellers who are willing to let go their machines at a reasonable amount. Establish contact with them and make the deal.

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For beginners – Don’t buy heavy equipment. Rent them

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Beginners joining any profession have to be really careful on the expenses they are making on their business. They might have extremely no control on their expenses as they may not understand how to block the flow of expense. They have to take care of a lot of recurring and non-recurring expenses and while they do so, they may completely lose track of the money left in their bank account. One fine day, they may find their bank account showing very less balance and may foresee lot of expenses to clear. They may find themselves to be in a very tight position and therefore it is important that they refrain from doing any expenses that is not much needed for the smooth running of the business.

To be more precise, if you are in the construction business, you got to be more cautious than ever. For timely completion of projects, you got to possess heavy equipment that are very expensive and if you do that then you tend to spend a good portion of your money for procuring the machine. This may leave you with very little money to meet other business obligations. Hence, it is advisable that if you are a beginner in the construction industry, do not spend your money in buying heavy equipment. On the contrary, you can take them on rent. That will turn out to be a good deal for you where you do not have to spend a bounty and things will be very much in your control.

Identify the heavy equipment you may need for your project:-

It is very crucial to know what type of heavy equipment is required for your business. As long as you do not know that, moving ahead will be difficult. Take guidance from people in the industry if you have any or join some blogs where you can put your questions about heavy equipment to them and you might get real good replies which will prove to be very helpful to you. Once you have identified the heavy equipment, the next goal will be to check the rental price of the machine. Not every owner of the equipment will rent it at the same price. The rental price of the machine may vary keeping into consideration the quality of the machine, the period for which it has been used. In other words, if the machine is not much older then you may have to pay more rent. However, if it is an old piece then you supposedly have to pay less for it.

Go to online portals to check the machine:-

Owners list the heavy equipment on websites that deals with selling and renting of construction machineries. Going to such websites will be really helpful to you as you will get to see a lot of options at different prices. You can then select the one that you seek to have and speak with the owner. If possible you can negotiate the price and try to bring it lower. You will end up getting a good deal at a considerably lesser price.

 

Heavy equipment mechanics are paid well in foreign nations

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The demand for skilled labor exists in every country around the globe. Industries are in search of people who know their work well and can complete the task given to them with complete sincerity. If we can inculcate this in our lives, we will never go out of demand. Industries faces bad phases but they all come and go. Bad phases do not stay for long and definitely not forever. Therefore, one needs to understand what they want to become in life and accordingly master the stuff they want to do. It is only when they are master at it that they will be recognized by others and also they can expect volume of money flowing in. Other than that, they can also expect a good career. It is very crucial to give a good start to your career and once you have given that start, you will not find short of takers who will be willing to absorb you in their companies.

Construction business is a quite a thriving one these days. Industry experts believe that the year 2017 has great prospects for this industry and it will grow by all means. This also means that the businesses that are attached to the construction industry will also have its day in the sun. They will equally thrive along with this industry and so do the people who are connected with it. There is a lot of opportunity for heavy equipment mechanics in the US and also worldwide. Competent mechanics are in huge demand in the overseas market and are also paid in good sum. All they have to do is contact the company directly and talk to them about the requirements and also the remuneration that will be given to them. After you are done with the preliminary talks you can take some time and decide if you want to take the jump.

People should be mobile:-

For heavy equipment mechanics who are looking for a great career in the industry can go overseas. However, prior to this, they first need to be sure if they really want to go abroad. For a person who is quite attached to his family and friends, it will be very difficult for him to work in a foreign land. He will just not be able to adjust himself there. People who do not have problem being mobile and can easily get adjusted with people of different culture can think to move to a foreign land. They will not have much problem to adjust themselves there and can easily make some local friends. So before you start looking for opportunities abroad, give a thought to the fact that will you be able to survive in a place that you have never visited before.

Mechanics should be experienced:-

Since the foreign construction companies are in search of skilled workmen, heavy equipment mechanic should be experienced and should know his work well. Just by hearing the sound of the issue, one must realize the real cause of the problem and if you feel that you are that experienced then you can certainly give a shot in an overseas construction company.

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Buying heavy equipment directly from the company or from the dealer

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When you think of buying heavy equipment you need to know which equipment will meet your business needs. Not all heavy equipment is competent to do all kind of construction work and therefore you require the one that is indeed going to be helpful to take care of your business needs. Now once you know what kind of equipment you require, the next important thing for you to know is which model you should be going for and from where you can get the best deal. Every new model has some additional feature and it becomes imperative for you to understand which model to go for. Buying the latest model will be helpful but also be ready to pay the price for it which will undoubtedly be very high. It is also not necessary for you to go for the latest model as you can get your work completed by buying an older version which will be comparatively less expensive.

Once you know which model you should be going for, the next crucial analysis will be to determine if you should be buying it directly from a company or get it from a dealer. Each one of them has their own advantages and limitations. So you got to be wise enough to understand the pros and cons and then take the call to buy the machine from either of them.

Not sure which model to buy:-

Suppose you fall in the category of buyers who is not sure which model he should be going for. Then you can take the help of the company by letting them know a bit about your project and your requirements. On the basis of your needs, they will suggest the model for you. Alternatively, you also need to disclose your budget to them. The amount you can spend to buy the machine plays a big role in the selection of the model. Just in case, you are falling short of finance, they can also arrange loan on the equipment. So make sure you have a good credit report before you apply for loan as you will not want it to get rejected.

Dealer can offer you good discounts:-

If you plan to buy heavy equipment from a dealer you can check if they can offer you with some discounts or are they running any offers that can eventually reduce the loan amount. Dealers take the call on offering discounts on the number of orders he has received from you. This means if you place a big order, there are higher chances that you will end up with good discounts on your purchases. At times, they offer you more discounts than what the company can give. It is primarily done to encourage people to buy equipment from dealers as companies can’t reach small towns.

Place an order online:-

If you are sure about the equipment you want to buy, you can then place your order online on the company’s website. You won’t be asked to pay online and can pay them after meeting them in person and personally checking the equipment.

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