In an industry that depends on heavy machinery and specialized tools, it is crucial for construction business owners to have access to cutting-edge equipment for competitive advantage. However, getting the right equipment is not always within a company's budget. This is where equipment leasing and equipment financing comes in. Choosing between equipment leasing and equipment financing is a decision construction companies of all sizes make. There are a lot of considerations involved; most are specific to the equipment needed.
One of the most important considerations is the repayment schedule offered by your lender when deciding to finance a piece of equipment or inquiring about a working capital loan. Weighing the options for repaying your loan is an easy way to gain control of your business' cash flow and flexibility in your finances is critical to running your business efficiently. As financing isn't a one-size-fits-all solution there are benefits and drawbacks to every equipment finance structure or working capital loan.
The vast majority (78 percent) of U.S. businesses of all sizes – from small entrepreneurs to Fortune 100 companies – in all industries – from construction to healthcare – lease or finance their equipment. Here are some reasons why: Finance 100 percent: Arrange 100 percent financing of your equipment, software and service with 0 percent down payment. (OAC) Keep up-to-date: Keep up-to-date with technology by acquiring more and better equipment than you could without financing.
Aerial lifts are vehicle-mounted devices that are used to assist workers in performing tasks at elevated levels. Either you've noticed them when a utility company is working on a power line, or perhaps a company office is having their windows cleaned. These are convenient means of elevation compared to ladders, thanks to their mobility and flexibility in function. But before you can use your aerial lift to assist you with your jobs and tasks, there is the matter of getting your aerial lift to its destination.
Jeff Martin Auctioneers is pleased to announce we will be back in 2019 on the winter auction scene in Kissimmee, Fla. Our auctions will be held February 11 to 14, 2019. Due to the overwhelming response, we have added an additional day to our Premier Auction Event. With early commitments from more than 300 consignors, this auction is expected to contain more than 6,000 new and used items. Drawing buyers from all 50 states and 46 foreign countries, the international advertising campaign is already under way.
2018 has proven to be another healthy year for the construction industry as a whole. With multiple indicators pointing towards continued positive growth, it may seem as if there are few challenges ahead for the industry. There is, however, one elephant in the room. The shortage of skilled labor continues to rear its ugly head. While indeed a significant obstacle affecting the majority of contractors there are traditional and creative solutions to mitigating this problem.
When a 260-ft.-long span of a heavily traveled highway bridge collapsed in Genoa, Italy on Aug. 14, speculative causes of the collapse immediately were flung around like flying debris. The shoot-from-the-hip reaction used to be called “instant analysis” and helped foster public cynicism about the media. Prof. Eduardo Kausel was one informed observer not impressed with the quick judgments made about the Genoa tragedy.
Boston's MIT students and researchers are doing their thing. The academic brain-trust at the Massachusetts university has contributed to society's progress in impressive ways and, perhaps, less august ways — the oxymoronic all-terrain wheelchair comes to mind. Now an MIT architecture class has come up with a design for a wood building. That's it? A building constructed of wood? That's a little underwhelming.
Choosing the right boot for your job can be tricky, especially with so many makes and models out there. However, having the right footwear so that you feel comfortable and protected while at work can certainly make your workday easier. Although there are many parts that go into making the perfect work boot for each profession that requires one, ultimately choosing what fits your needs best is not complicated at all.
We all want to believe in perfect energy solutions. Clean, cheap and limitless energy for everyone. Nirvana, in a word. It isn't here yet, though fracking has produced some great leaps forward in energy production. Repurposing carbon dioxide now has people excited. It probably is best not to hope for too much too soon. Those old enough to remember the year 1989 might recall the “cold fusion” excitement of that year when two researchers at the University of Utah announced they had produced a nuclear reaction at room temperature.
Unmanned Aerial Vehicles (UAVs) or drones are one of the most promising and multifaceted technologies to come along in recent years. Innovation and the implementation of new technologies have always been hallmarks of the construction industry. With a seemingly endless list of uses both in the field and in construction planning and managing drones are game changers. Drones have found a home in numerous industries as diverse as agriculture, energy, public safety, media, infrastructure and of course construction.