What Is Your Equipment's True Cost?
Equipment, machinery and vehicles are essential tools to nearly all contractors and continue to be a significant expense on most of their income statements. Like labor and materials, the costs of purchasing and maintaining construction equipment have also been affected by ongoing supply chain issues and inflation. In fact, in the new 2023 Marcum National Construction Survey, 37% of construction companies say they may delay purchasing equipment because of interest rates.| Construction Business Owner Magazine
