The purpose of identifying and selecting an appropriate procurement consideration is to find the best way to obtain the solution and result to satisfy the needs of the end user for obtaining the most advantageous pricing and contractual conditions through a competitive process. Finding the best heavy machinery and parts can often be a challenge with faces difficult site conditions or a limited budget.
Following best consideration practices will help any professional in ensuring that the end user with the heavy machinery and parts which needed and even if face unique obstacles or project conditions, will be provided. Those techniques will help management successfully achieve its goals.
Current and Future Financial Situation
Consider current financial situation to decide if have the capital to buy the heavy machinery and parts that needed, or renting may be better option. Look beyond to current situation and project costs over the several months and years for both purchasing and renting which compares between of two. Buying may be a larger one time a financial burden, but the cost of renting can add up quickly, and over a long period it could end up costing more. Not to mention, when own, it will see a return on investment when sell.