Say you’ve kicked the tires (or tracks) on a few new vacuum trucks or mini-excavators and think you are ready to buy. Three equipment management experts share some of their best practices when acquiring equipment.1. Examine the financial impact of all your equipment acquisition optionsMike Vorster believes there has been a lot of innovation in the way equipment is acquired, whether it is owned, leased or rented. Equipment managers need to evaluate all their options.
“The way you access your machines is dependent on the risks you are prepared to take,” says Vorster, the David H. Burrows Professor Emeritus at Virginia Tech where he
