What do you mean by equipment acquisition?

March 9, 2023

What do you mean by equipment acquisition?

Equipment acquisition is an indispensable facet of the construction industry, owing to its ability to empower construction companies to procure the necessary tools and machinery that help execute the successful completion of their project needs.

The construction industry entails several complex and specialized tasks. Hence, having the right equipment can significantly influence efficiency, productivity, and safety on the job site.

used machinery

Importance of Equipment in the Construction Industry

When you delve deeper into the intricacies of equipment acquisition in the construction industry, you will find several factors can influence your choice. It is a challenge for every business to make the right choice of equipment. Businesses, irrespective of their size face this challenge. Hence, here are factors that companies need to consider to make the apt selection.

Increases Productivity

Having the right equipment can increase productivity levels by enabling workers to complete their tasks expeditiously and judiciously with greater precision, ultimately reducing project timelines.

The right type of equipment reduces the chances of accidents

Using equipment specifically designed for specified tasks can minimize the risk of accidents and injuries, enhancing safety for workers engaged in construction activities.

Help save operating cost

Another aspect of equipment acquisition that merits attention is cost savings. Investing in high-quality equipment can provide long-term cost savings by minimizing maintenance and repair expenses and reducing downtime attributable to equipment failure.

Provides competitive edge

Construction companies that possess the latest and most advanced equipment may enjoy a competitive advantage over their peers, enabling them to undertake more complex and challenging projects.

Compliance with safety and environmental Regulations

It is imperative to underscore that many construction projects necessitate specific equipment to comply with safety and environmental regulations. Therefore, a failure to acquire the necessary equipment could result in costly fines and penalties.

The right approach towards Equipment Acquisition

Most construction-related equipment comes with an expensive price tag. Hence, it is imperative to ensure that you have the right kind of equipment for your business. It also boils down to further consideration of the choices, whether purchasing an item new from the manufacturers in cash or leasing it would be the best choice. In the construction industry, various types of equipment are used. It facilitates regular site work. These include heavy machinery carrying out specific job work at project sites.

The term used equipment refers to heavy machinery, including earth-moving and construction equipment. The term “used” also includes parts for these machines that can be resold or traded in the secondary market.

The used equipment market is a significant source of revenue for heavy machinery manufacturers who buys back the equipment from their customers in exchange for the sale of new and upgraded models of particular equipment.

Let us look at some of the most commonly used equipment used in the construction industry.

Motor Graders

The motor grader is effective for digging large areas, levelling and grading soil, compacting soil, excavating earth and sand, and filling in the hole. A used motor grader is used to dig large areas and level ground.

Wheel loaders

Used wheel loaders are used for loading material onto trucks or other vehicles. The wheel loader can be used to move materials in a warehouse, mine, or quarry. The used wheel loaders in Dubai are called a bulldozer. It is a piece of equipment operated by one person at a time.

Generator

A generator is an effective machine used to produce electricity or power. Generators provide the power needed for industrial purposes, such as pumping water out of mines or powering manufacturing plants.

If you look out for a used generator for sale in UAE, you will find them in great demand as they play a pivotal role in industrial and construction sites.

Excavator

Excavators are used to work on large construction sites by lifting materials out of the water, filling wide gaps between buildings, clearing land, etc. The most common uses of the used excavator are as follows:

Land excavation for building sites and construction works.
Excavation and reclamation of waterways for dams and reservoirs.
Removal of rubble from mining sites using large machines with jaws moving in opposite directions (e.g., the front jaw moves forward while the rear jaw moves backward).

Used construction equipment as machinery can be a great asset for the growing construction industry in UAE. The second-hand market in this sector is booming as small construction companies, including individual contractors with limited budgets, cater to this segment.

The advantage of used heavy machinery is that they are available on demand, unlike newer models where delivery from the manufacturer’s plant takes time after purchase. If one is lucky, the much lower price and good condition can be a boon for buyers. Second-hand equipment gives excellent productivity and resale value at the end of its useful life cycle.

Conclusion

In conclusion, we can say that equipment acquisition is an indispensable component of the construction industry. However, the final decision on whether you should buy, rent, or lease equipment should depend on specific needs like the extent of the project, individual preferences, and budget. Evaluating the cash flow rates, the estimated utilization cost and other associated expenses like resale value, depreciation, maintenance, and transportation should be taken into consideration. Therefore, companies that invest in the right equipment can elevate their efficiency, productivity, safety, and competitiveness to new heights. You must also seek assistance from a trusted dealer to get the right advice.