No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
No. 1688, Gaoke East Road, Pudong new district, Shanghai, China.
Cummins will acquire Meritor for $3.7 billion. Meritor is a supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. "The acquisition of Meritor is an important milestone for Cummins," said Tom Linebarger, Cummins's chairman and CEO, in a prepared statement.
As a construction business owner, one of your significant investments is the construction equipment you acquire. Depreciation is a natural and necessary expense when a company purchases these long-term construction assets. Understanding depreciation is crucial for managing your finances effectively and making informed decisions. Additionally, there are …
The acquisition expands Alta's construction equipment footprint to 32 locations in eight states and adds several new original equipment manufacturing (OEM) partners. The family-owned Gibson Machinery offers a full-line of industry-leading heavy equipment product lines and specialty attachments, as well as service, rentals, replacement parts ...
One of the way to secure the equipment is to use the Internet of Things. ... Effective equipment management involves understanding each piece of equipment's lifecycle from acquisition to disposal. This includes factoring in maintenance, repairs, and replacement costs, as well as determining the most cost-effective time to retire or sell ...
Delve into the world of road construction equipment with our comprehensive guide, "Road Construction Equipment: Types, Uses, and Benefits." This article equips you with the knowledge to navigate the diverse machinery used in the construction and maintenance of roads, from earthmovers and pavers to rollers and stabilizers.
The purchase of equipment can be accomplished by using cash to make an outright purchase, financing through a loan, leasing the equipment, or renting the equipment. Each method has a potential downside. The two primary factors to consider when it comes to acquiring equipment comes down to the financial impact and utilization. The
2. How does a construction equipment loan work? A construction equipment loan functions similarly to other loans: you obtain a specific sum to buy the tools you want. In many instances, the tools act as security for the borrowed money. 3. What factors should I consider before applying for a construction equipment loan?
According to Vorester (2005), heavy civil construction equipment costs average approximately 30% of the company assets. Therefore, how companies acquire new equipment, whether equipment acquisition policies exist, and what the importance of an equipment policy is to large, medium, and small heavy construction firms should be questions of interest
The construction market is still going strong, and for business owners, that means renting, leasing or buying additional equipment to match project needs. When making large purchase decisions ...
The side of construction equipment rentals has met a positive growth since 2004, where nearly 50% of construction equipment dealers' are offering heavy equipment rentals as part of their operation. There are two ways most companies acquire their …
Analyze your upcoming construction projects to determine the specific types of heavy equipment needed. From a versatile compact track loader for agility on rough terrain to a heavy-duty dump truck for hauling materials, …
Construction equipment management is the process of directing and controlling construction machinery as well as maintaining and scheduling job site tools. When construction equipment management is done properly, it promotes productivity by ensuring that the right equipment is in the right place and in the right condition at the right time.
When it's time to acquire equipment, the question whether to purchase, rent or lease must be answered in the best way possible for your organization. Capital budgeting, …
Purchasing with cash, financing through a loan, renting and leasing are four most common ways for Construction Equipment Acquiring (CEA). For having the best result in profit for a construction ...
Eager to benefit from a post-pandemic demand for equipment, construction equipment manufacturers have been engaged in an arms race to buy up technology firms to make their machines more efficient, more …
Construction equipment plays a pivotal role in the success of any construction project. It enables the completion of tasks efficiently, speeds up processes, and increases productivity. ... These simple tasks can go a long way in preventing wear and tear, reducing the risk of equipment failure, and enhancing the efficiency of your machinery. ...
If the equipment acquisition involves construction and one device, the support staff will test the device with the clinical staff to ensure it is working properly. The outcome of this testing will drive the go-live date. An effective process. Meticulous attention to detail is vital for an effective equipment acquisition process.
Sutton has served as the editorial lead of Construction Equipment magazine and ConstructionEquipment since 2001. Our mission is to help managers of heavy equipment and trucks to improve their performance in acquiring and managing their fleets. One way we do that is ... and technology; as well as equipment acquisition, disposal, and ...
1. Know the Capacity of Your Construction Equipment. Each heavy piece of equipment is designed with a different purpose and paired with certain attachments or spare parts. When operators use the equipment for jobs that do not fit its functions, repair it with incompatible spare parts, or use the wrong attachments, they can cause damage to it.
The skill lies in balancing the risks associated with the various ways in which you can acquire the right to use the machines in your fleet. ... Vorster is the David H. Burrows Professor Emeritus of Construction Engineering at ia Tech and is the author of "Construction Equipment Economics," a handbook on the management of construction ...
Prinoth plans to purchase 100 percent of the capital stock of Jarraff Industries, a manufacturer of right-of-way maintenance, land-clearing, and tree-care equipment.. The lineup of highly specialized equipment will enhance and complement the existing line of Prinoth products, such as the Hydraulic Mulcher heads, the Raptor line of mulcher carriers and the Panther line …
AEM has offered some guidance on overcoming barriers to AI adoption and its long-term implications for construction. While this type of technology can better empower construction teams to handle critical tasks, …
EQUIPMENT ACQUISITION CHOICES: MAKING THE RIGHT CHOICE IN TODAY'S FINANCIAL ENVIRONMENT ... require detailed study, however, often the best way to start is simply to ask, "Do I have a real need to own the ... and D = governmental agencies.) Source: Construction Equipment Magazine, April 1994. other acquisition methods. In a straight rental, the ...
Construction technology has come a long way, with machines performing better, consuming less fuel, and increasing the number of features. ... Construction equipment management is necessary for any project manager to maintain, operate, and oversee construction equipment and its management. ... Cost Control: Managing equipment acquisition ...
Sutton has served as the editorial lead of Construction Equipment magazine and ConstructionEquipment since 2001. Our mission is to help managers of heavy equipment and trucks to improve their performance in acquiring and managing their fleets. One way we do that is ... and technology; as well as equipment acquisition, disposal, and ...
Here are 5 strategies to help improve equipment management on your construction projects. BOOK A CONSULTATION. ... such as equipment acquisition and disposal, tracking equipment utilization, repair, and maintenance. ... maximizing equipment utilization is a reliable way to improve your equipment management. Try tracking when, where, and how ...
Nors Group has reached an agreement to acquire Great West Equipment for about $150 million. After entering the Canadian market with the acquisition of Strongco in 2020, Nors is expanding in to Western Canada with the purchase of Great West Equipment, a major construction and forestry equipment dealer with operations in the provinces of British …
Explore this guide to acquiring heavy equipment to learn more about the benefits of leasing versus buying equipment, as well as the different paths toward equipment ownership, …
Acquiring Construction Equipment •Many companies and contractors in need of acquiring new or used construction equipment often don't have the financial resources needed to buy the construction equipment outright, unless it is a large corporation or some branch of the government. •This is when the option of renting or leasing construction ...
The side of construction tools leasings has met a positive Development since 2021, Where nearly 60% of building and construction equipment dealerships' are using heavy equipment rentals as part of their operation. There are 2 ways most business acquire their construction tools, renting or renting.
