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What to consider when buying a piling or drilling rig

Every contractor has to buy new equipment, because the units he owns do not fit anymore, or new projects require more or other foundation machines. Buying a piling or drilling rig means a serious impact on your budget, so lots of comparisons have to be done in order to purchase the right equipment. We have listed some aspects below. 

What’s the purpose of the job?
The most important question here is: what type of machine do you need? What is the main purpose of the rig you would like to add to your fleet? Depending on those variables, a short list of rigs can be made and more research can be done before making the final decision. An exploratory meeting with a sales engineer can be very useful when considering buying new equipment.

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What is your budget?
Although acquiring new foundation equipment means a serious investment, we’d recommend to look further than the lowest price. Is a brand-new machine a must, or do you want to add an overhauled used machine to your fleet? The purchase price of a rig is not the only cost you have to deal with. Bear in mind the quality of the machine and the condition. In case of an overhauled machine, remind to check the number of running hours, where the rig is coming from and what application it was doing, so you can estimate upcoming service costs.   

What service level do you expect?
After you purchased your rig, the expenditure does not stop. After a certain period of time, spare parts need to be replaced and maintenance should be planned. Before you buy foundation equipment, have a look at the price and service level of these aspects and try to forecast the future spends. It’s also relevant to find out the proximity of a service location, the quality of the first line support as well as service and repair.

What do you expect when the rig is delivered?
A new rig means new features and options. Next to a user manual, we’d recommend to have full support on how things work, upon delivery of the rig. Try to include in your contract familiarization time for your operator so he gets the best information out of first hand and he is able to use the equipment to its full potential. 

Of course, there are many other aspects to take into account when buying a new rig. For example, transport regulations, parts availability and payment structure. If you want to share thoughts about this topic, do not hesitate to contact me.


Topics: Piling & Drilling Rigs

Posted by Walter Haberl on Jun 30, 2017 8:59:55 AM


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