Monthly Archives: February 2018

How does Auction Companies work for heavy equipment? What do they charge?

When you do not need the services of your heavy equipment, you got to get rid of them. There is no point in keeping the machines with you and see them getting rusted during different seasons. Now there is a smarter way to get rid of heavy equipment and that is by selling them in auction. So while you put them up for auction, you generally give them the minimum price to start and it takes up from there. People will place their bids on the item and the guy with the highest bid will eventually become the new owner of the machine. It is no big deal to locate a company that is into selling heavy equipment through auction. In fact, you will come across many companies that see this business with huge potential and with larger margins for profit. So finding a company who can help you to do away with your old heavy equipment is no problem.

Get all machines at one place:-

Auction of heavy equipment is more like an exhibition. It is not just your machines that will be slated to get auctioned on a particular day but heavy equipment belonging to many other people will be put on sale on that day. So these companies if they are selling it offline then they advertise about the mega event where they rent a huge place to put up your construction equipment and invite people who belongs from the construction or mining industry. The invitation happens through ways of advertisement, cold calls and online registration. So once people gather at the venue, the auction begins and they bring each equipment at a time. The possibility of a construction equipment not getting sold exists but the larger possibility is that it may get sold off quickly out there than any other forum.

Online auction companies:-

There is also good number of auction companies who deals exclusively on the internet. They make members by asking them to register on their site and then use the site for buying and selling heavy equipment. So a person who is a buyer can also become a seller using the same User ID. He need not change any of his details to sell anything especially when his prior transactions were restricted to only purchases.

Different auction company charges differently:-

The seller has to pay good chunk of money to the auction company to sell his machines. Firstly, some auction companies charge money for registration. It may vary from few hundreds to thousands of dollars. It also covers the listing cost. For offline auction, they do charge for using their services to auction the machine. The amount may be minimal for putting the machine on auction but if it sells of, they may charge from 2% to 10% of the sales price. Sellers take advantage of both the platforms to sell their heavy equipment. Online auction companies charge not only for listing the item but also for enhancements like making the description part look more attractive or to just put a star on the listing which makes it a bit catchy. Any additional feature will cost the seller more and therefore one needs to first understand the costing before going for it.

The significance of software in the construction industry

Every industry is more or less dependent on computer software to perform. They need it for various purposes and to meet their different requirements. You need software to store data pertaining to the business that can be used for future reference. Almost every company in the United States irrespective of how big or small they have to work on some or the other software and the guys who develop these software are paid handsomely. They reserve the right to sell the same software to many companies or sell the complete right to just one company. So when we talk about the construction domain, the significance of software is felt the most. The reason is day in and day out the men in a construction company has to keep a tab of materials that has come in and has been utilized. They need to know the exact number of stuffs they have in their possession and if there is an urgent need to order anything. These details can be verified by installing a computer software that is connected to all the other computers in the company.

It makes life very simple for the guys who need to keep a stock of things and if materials gets over then their job is at stake. So when you have a software in place that keeps a track of the minutest details, it becomes simple for the men to monitor things and place orders in time.

Decision making process gets simpler:-

The growth of the construction business is dependent on taking the right decisions at the right time. Life may give you a second chance but this industry is cruel and a person needs to wait for years to get another chance if he fails to take the right decision now. Computer software plays a significant role when it comes to making the right decision in your business. It can give you a bird’s view of the current position of the company. It will speak about the total number of employees the company has and if there is any need to hire more people in case the company is looking for any expansion or is getting a new project for which it may need more men to work. Now one just can’t start doing a head count of men it has on the day it gets to know of a new project coming in. what they need is a software that has details of every men working in the company and the position that they are in. this will make the decision making process simpler.

Knowing the financial position of the company:-

In a construction business, one must always review the financial standing of the company from time to time as it helps them to understand if they can go for any possible expansion now. You can make use of the software to identify the reserves you have and also the existing resources at your disposal. Once you have those information with you, taking a call becomes lot more easily.

Expansion of construction business should be the goal

For some it may have been a cake walk into the construction business and for others it must have been a tough task. For guys/gals who do not have anybody from their family in the construction sector, it is quite a task for them to set up this business and take it to the next level. For the guys/gals who find it a cake walk, they just get into this business which their family has been running for the last many years. But then there comes the challenge to maintain the business and to expand it. This is definitely not simple for either of them. Here the skill of the person who is running the business is tested time and again. You can expect lot of hardships while you embark the journey of growing your business. There are few things that one must keep into consideration while they plan for the expansion.

Take risk at the right time:-

To run a business a person has to take calculated risk. Only after keeping few very important things into consideration that the risk should be taken. One should also have the capability to foresee the repercussion just in case the action backfires and if they are prepared for it. Do not take the risk if you are not completely prepared for it. It might cost you big time. Understand the market position first and then check if the opportunity that you are getting sounds to be viable. The industry reacts differently at different times. You should be experienced enough to understand the reactions and accordingly should take the call. Taking up of new projects that you are not sure will have many takers should be avoided. They can cause enough problems to you by the time you are into it and will not see any money coming.

Take right call:-

Expansion in the construction sector is all about taking the right call. Your decision matters a lot when it comes to where it will take you in the next few years. A wrong call can have a severe impact on the overall growth and prospect of the business. This is why it is a must to analyze the situation first and not just jump the gun the moment you hear anything exciting. Big construction companies never show their excitement. They rather believe to give a good thought to every exciting opportunity that comes their way. This in turn ensures that they take the right decision and not just get swayed by their excitement.

Keep your goals intact:-

Lay down realistic goals that are achievable and try to achieve them with all your might. If you feel they are achievable then there should be no stopping for you. It is advisable to set small goals first so that you do not get stressed up in the process of achieving them. It makes no sense to punish yourself my setting bigger goals which though are achievable but not right at the moment.