Originally Aired - Wednesday, March 15 • 9:30 AM - 10:15 AM
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Location: West Hall 206
Title: The State of the Construction Equipment Economy
Description:
Session Code: BP10 What are the biggest challenges facing equipment owners today? Equipment World Chief Editor Jordanne Waldschmidt will be joined by EquipmentWatch Head of Strategic Accounts Brian Dewey and Senior Product Manager James Hamilton to discuss the results of the second annual State of the Construction Equipment Economy report and how macro trends in the construction industry impact equipment buying and selling decisions. Equipment as a percent of project cost is rising. Construction projects are becoming more equipment-intensive, a trend that will surely continue driven by the impact of the infrastructure bill. Yet many contractors struggle to align equipment goals with pre-construction and operational goals. Leadership within contractor businesses will continue to demand a more holistic data driven approach, ensuring that hard won projects do not leak cost and margin. And equipment managers are holding onto equipment for longer, unsurprising given the inventory issues around new models. You'll leave this session better able to navigate key decisions around owning and operating construction assets based on this research. EquipmentWatch also works hard to address these concerns at a more specific level via our customer application and other product offerings, including helping customers understand optimal disposition timing, accurately accounting for the cost of equipment, and providing trusted unbiased, third-party fleet valuations.
Type: CONEXPO-CON/AGG
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