If you’re the owner or manager of a mining or construction company, you’ll know that each project is labour intensive. You have to have your finger on the pulse of each project’s major requirements. Most often, the biggest requirement is that of labour. But your labour force can do nothing if they don’t have the right equipment and tools to handle the various stages of a construction project.
The different stages of a construction project have distinct needs. Many of them have to be handled by vehicles, as your manpower won’t be strong enough and certainly won’t be efficient enough. Luckily with current technology most construction equipment and machinery has varied capabilities so you can use the piece of machinery to do a variety of jobs. This means your project is able to be completed in a timeous and efficient manner, provided everything goes according to plan. But that’s not always the case. When things go awry on a construction project there can be a number of reasons. However, the two areas within your control are your labour force and your equipment. If you are smart about how you manage your employees and acquire your machinery, you can avoid major crises.
Now, choosing construction equipment can be tiresome, especially for new construction companies. Navigating around finding cost-effective buys or renting equipment can be difficult. What’s more, you need to be clever about what you choose to use for your project. Ending up with equipment which is left unused is a colossal waste of funds. This might prove an unforgivable mistake if the project battles to complete because of misused funding.
Here are three basic things to consider before purchasing.
- You need to account for depreciation
Buying new equipment is like buying a new car. The depreciation value of this asset is high and therefore owning the vehicle could prove costly. If the machinery is specialised and you are unable to guarantee it being used on future projects, then it’s not worth purchasing the equipment brand new or if at all.
With specialised equipment you should consider rental options, or you will need to factor in the cost of the new machinery into your quotations and estimates. And as we know, if the quotes are too high the customer’s won’t pay it. If another company comes along without these high costs for equipment, you’ll lose the contract. So you need to use the equipment and machinery you already have or rent the necessary on a month-to-month basis.
- Try to stay on brand with your equipment
There are a number of benefits to choosing one brand of machinery or equipment to handle your project. The after-sales service is one very important factor and the uniformity in the work performed is another.
If your machinery is from the same manufacturer, you can have your equipment repaired or serviced by the manufacturer’s maintenance team. However, it’s far more likely you’ll purchase your equipment from a dealer. They will too be able to provide you with after-sales service to all your machinery and equipment but they also might sell other brands. This could stand in your favour because if you do have to purchase machinery from a different brand to what you normally buy, your dealer will have a service expert who can attend to that brand’s needs too. And if you do go off brand than purchasing from a dealer means you have an educated sales person who can advise you on what will be the better buy. You’ll be guided into making smart choices and purchasing equipment that will work in conjunction with your current machinery. And this assists greatly with uniformity of work.
- Try to make use of standard construction equipment
Standard construction equipment is the best buy because it generally has a long lifespan and it is easily resold or disposed of. Once your construction project is complete, you might want to get rid of your equipment. If your machinery and equipment are specialised, you might find this tricky to get right. Whereas if you’ve spent your money on standardised equipment you could easily get it resold. Also, standard equipment parts are quickly sold off as spare parts. This is an effective way of getting some of your money back.
There are many other things to consider when you’re in the market for construction equipment. You need to look into the dealers you’re buying from, consider their aftermarket service, and their understanding of the marketplace. Your dealer is your support system in the decision-making process. If you’re new to the construction game then make sure to choose those with ample capabilities to guide you through what you need to know.