Following points are necessary
to be considered while purchasing construction equipments :
- As far as possible, standard equipments must be purchased instead of special types of equipments.
- To begin with, the suitability of the equipment for the construction project should be determined.
- The possibility of alternative uses of such standard equipments must also be explored.
- Cost comparison should be made before selecting the standard equipment.
- The decision to procure standard equipment must be made on the basis of sufficient data indicating that the purchase will lead of sufficient saving or increase in the profit margin. That is to say, that the investment would certainly be worthwhile.
- Technical and economic aspects should be carefully studies before taking a final decision of purchasing the equipments.
