Bulldozers, cranes, earth moving equipments, well drilling equipments and other instruments used in construction, mining and forestry activities are commonly rented and leased in the Industry. The Department of Industries coming under the category of The Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing Industry are:-
- Bulldozer rental or leasing withoutoperator
- Construction formrental
- Construction machinery and equipment rental or leasing withoutoperator
- Crane rental or leasing withoutoperator
- Earth moving equipment rental or leasing withoutoperator
- Forestry machinery and equipment rental orleasing
- Heavy construction equipment rental without operator
- Logging equipment rental or leasing withoutoperator
- Mining machinery and equipment rental orleasing
- Oil field machinery and equipment rental orleasing
- Oil well drilling machinery and equipment rental orleasing
- Welding equipment rental orleasing
- Well drilling machinery and equipment rental orleasing
I always say, writing an SOP is somewhere between art and science. So far you may be clueless on where to start and how to progress on an SOP? This will not be the case after you diligently go through this SOP ToolBox. We have summarised all our secrets here to get you started and to deliver a stunning SOP to your management.
1. Standard Operating Procedures (SOP) Manual for Accounts Department
2. Standard Operating Procedures (SOP) Manual for Finance Department
3. Standard Operating Procedures (SOP) Manual for Customer Service
4. Standard Operating Procedures (SOP) Manual for CRM Department
5. Standard Operating Procedures (SOP) Manual for Credit Department
6. Standard Operating Procedures (SOP) Manual for Treasury Department
7. Standard Operating Procedures (SOP) Manual for Human Resources (HR) Department
8. Standard Operating Procedures (SOP) Manual for Training Department
9. Standard Operating Procedures (SOP) Manual for Learning & Development Department
10. Standard Operating Procedures (SOP) Manual for Administration Department
11. Standard Operating Procedures (SOP) Manual for Front Office
12. Standard Operating Procedures (SOP) Manual for House Keeping
13. Standard Operating Procedures (SOP) Manual for Safety Department
14. Standard Operating Procedures (SOP) Manual for Security Department
15. Standard Operating Procedures (SOP) Manual for Facilities Management Department
16. Standard Operating Procedures (SOP) Manual for Vigilance Department
17. Standard Operating Procedures (SOP) Manual for Legal Department
18. Standard Operating Procedures (SOP) Manual for Information Technology (IT) Department
19. Standard Operating Procedures (SOP) Manual for Sales & Marketing Department
20. Standard Operating Procedures (SOP) Manual for Design & Engineering
21. Standard Operating Procedures (SOP) Manual for Procurement Department
22. Standard Operating Procedures (SOP) Manual for Production
23. Standard Operating Procedures (SOP) Manual for SRM Department
24. Standard Operating Procedures (SOP) Manual for Supply Chain Department
25. Standard Operating Procedures (SOP) Manual for Warehouse
26. Standard Operating Procedures (SOP) Manual for New Product Development Department
27. Standard Operating Procedures (SOP) Manual for Research and Development
28. Standard Operating Procedures (SOP) Manual for Quality Department
29. Standard Operating Procedures (SOP) Manual for Calibration Department
30. Standard Operating Procedures (SOP) Manual for Maintenance Department
Industries, construction firms and other notable players in the sector are slowly moving towards renting and leasing equipments over buying them. This is due to the realization of the numerous advantages it provides to them in terms of cost, quality of work and efficiency. Thanks to the sector, clients who rent or lease can now use the latest and up to date technologies without actually purchasing them. Renting them or leasing them on a need basis has significantly reduced the cost. A lot of money is also saved on the maintenance efforts. No skilled labor needs to be employed to handle the maintenance operations. No team needs to be present to monitor the life and repair cycles of the machineries. Unwanted transport and logistic costs are minimized as no effort or finance has to be spent in moving the vehicles from one location to another. Leasing or renting can be done directly from any place close by to the site. These factors discussed so far not only cut the costs to the company, but also help them to broaden their horizon of horizon, thinking, innovations and market. The options are wider as the capital to be spent is not invested on machinery. They can be spent on different causes and hence cut the opportunity costs. Rental costs can be cut and deducted under business spending. This may enable direct cost deductions.
Above all, there is no machinery or heavy moving vehicle whose value does not depreciate with time. Thus investing on such options will not lead to any return in the mere future. The only possible cases where buying is a more sensible option than renting or leasing is when the machinery invested on is a type of machine which will be used on a daily basis.
Machineries and Equipments available for rental and leasing in The Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing Industry are:-
- Backhoe Loaders
- Tower Cranes
- TransitMixers
- AggregateCrushers
- Concrete Pumps
- BatchingPlant
- Hydra Cranes
- MobileCranes
- Bulk Material HandlingEquipment
- Bulldozers
- Tippers
- Excavators
- Scrappers
- SteerLoaders
- WheelLoaders
- PaverFinisher
- Concrete Breaker
- SlewCranes
- Telescopic Handlers
- Forklifts
- VibratoryRollers
- BoringEquipment
- Dumpers
- ArticulatedHaulers
- Hammer TrackDrillers
- JawCrushers
- Shovels
- MotorScrappers
- DumpTrucks
- WheelDozers
International Standards for The Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing Industry are:-
- SEC
https://www.sec.gov/Archives/edgar/data/935066/000119312504050784/dex1056.ht - CFI
https://corporatefinanceinstitute.com/resources/knowledge/other/equipment-lease-agr eement/ - OECD
http://www.oecd.org/sdd/prices-ppp/40435321.pdf
International Associations for The Construction, Mining and Forestry Machinery and Equipment Rental and Leasing Industry are:-
- ELFA
https://www.elfaonline.org/ - Equipment Leasing and Finance Foundation
https://www.leasefoundation.org/ - NVLA
https://www.nvla.org/
World’s Leading Companies in The Construction, Mining and Forestry Machinery and Equipment Rental and Leasing Industry are:-
- H&E Equipment Services, Inc (Baton Rouge, USA)
https://www.he-equipment.com/ - Cramo (Vantaa, Finland)
https://www.cramo.com/ - Ramirent Finland Oy (Helsinki, Finland)
https://www.ramirent.com/ - Maxim Crane Works (Pennsylvania, USA)
https://www.cranerental.com/ - Kiloutou (Villeneuve D’ASCQ , France)
https://www.kiloutou.fr/
Magazines and Journals for The Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing Industry are:-
- https://www.khl.com/magazines/international-rental-news/news/rental-equipment-news
- https://www.focusonequipmentrentals.com/index.cfm?pge=main&prod_id=1&glb_id=1&contest_id=1
- https://www.rermag.com/
SOP Manual for Construction, Mining and Forestry Machinery and Equipment Rental and Leasing
Research By : Aadithya