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Construction Equipment Rental
QUESTION:what are the construction equipments leased and rented? and how is the market for leasing construction equipmets?
ANSWER: The principal types of equipment leased and rented by firms included bulldozers, cranes, and earth moving equipment. Earth moving equipment includes a wide range of machinery such as tractors, trenchers, scrapers, graders, and crawlers. Miscellaneous pieces of construction machinery such as tunneling equipment, well drills, loaders, cutters, compactors, excavators, oversized trucks, and portable mixers rounded out the industry's offerings. While some companies owned and leased many types of equipment for various heavy construction activities, other firms specialized in renting equipment for a specific line of work.
The two basic divisions of the market for which leasing companies provided equipment were public and private. Private heavy construction activities included commercial and industrial projects that were completed with the intent of generating a profit for the owner of the project.
Public heavy construction activities for which equipment was rented or leased were completed with public dollars, and not necessarily with the intent of generating a profit. Examples of such projects include schools, highways, water works, public utility plants, dams, railroads, canals, prisons, hazardous waste site clean-ups, and landfills.
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