Factors to Consider When Buying Heavy Machinery

Wheel loader for sale

Construction is one of the biggest industries in the United States of America. Construction companies are responsible for the building and upkeep of all infrastructure, which American society relies heavily upon. In order to do their job efficiently, these companies must determine where to rent or buy their heavy equipment from. Important factors to consider before deciding on where to buy equipment such as lifts and attachments are cost, safety, and product support. While there are many choices when deciding where to rent or buy construction equipment, here are some important elements to consider.

Tips for Choosing a Heavy Equipment Dealership

    1. Consider the cost.

    First of all, you can either rent or buy the equipment. If you are coming from a smaller construction company that doesn’t have constant work, renting equipment may make sense. Estimating the number of projects your company will have over the next few years is also important to consider. If your current projects will draw a lot of attention and, potentially, a lot of future customers, it would make financial sense to buy equipment. Determining what type of machines your future work may require is also important. If you are planning on building tall buildings or fixing electric lines located high above, investing in lifts would be a financially sound decision. The construction industry is only going to grow from now on. A study done by the Dodge Data and Analytics Group in 2016 predicted a 6% growth, which would ultimately put the value of the industry at $712 billion. This continual growth may lead to an increased number of employees and products needed to complete jobs. The final important monetary factor to consider is that the top 50 construction companies dominate the market by producing 90% of the total revenue. If you are not looking to grow your company to this large of an extent, it may be reasonable to rent the equipment.

    2. Put your foot down when it comes to safety.

    Machinery causes approximately 35% of on-the-job injuries each year, with 14% of work related deaths also due to equipment issues. It is of the utmost importance to keep your workers safe, for moral and financial reasons. You do not want a worker going up on one of your lifts to do their job and have it come crashing down, likely injuring or killing multiple employees. Many construction projects take place at night, due to the decrease in traffic, so fewer individuals are inconvenienced by detours. This only creates an even more unsafe environment. It is important to have sufficient lighting and supports for the lifts and other machinery, as well as spare parts should machines break down. Make sure to pick a dealership that can provide not only safety information but also heavy equipment parts and maintenance services.

    3. Understanding the product service.

    The company you buy construction machinery from should have full comprehension of current OSHA guidelines. These rules are meant to help employees understand how to work each piece of machinery correctly, and how to keep themselves safe. If your company does not have knowledge of up-to-date OSHA guidelines, you should look elsewhere. For example, OSHA states that a clearance of at least 10 feet must be maintained by workers when using heavy equipment machinery. This is just a simple rule to keep people safe while allowing the machinery to do their job fully. If your company uses lifts for work and allows others to stand below them, there is a greater risk for more individuals to be injured in case of a equipment failure. It is common sense to find a company that can answer all your questions about every product they sell.

Locating a company that is able to give you a good deal, while also informing you of all safety risks is important when deciding where to rent or buy equipment from. Understanding your specific needs is important when deciding what equipment to rent or buy. Your machinery dealership should be able to help you make good financial decisions when purchasing machinery, and update you on OSHA regulations and safety guidelines.

Leave a Reply