Axis Equipment

[willh00p3r]

Setting up your Rental Business

With the development of construction industry and infrastructure, the demand for the equipment used in this field is also increasing. In America alone, 80% of businesses and projects are taking advantage of rented equipment on a regular basis.

The set-up of local manufacturers in Jakarta, Indonesia also set up ways for heavy equipment rentals and sales to a big boom. In Singapore, Axis Capital Group, one of the companies in the same field has a lot in their sleeves since the lion city has set up to be one of the most developed countries in Asia.

Many individuals are also wondering how they could get into the game. Despite the warnings of a very fierce competition between local and foreign manufacturers and distributors, a lot are still willing to risk. How do you set up your own business then?

1. Evaluate the Competition

Prior to launching a heavy construction equipment rental business in your area, it's a smart move to see how strong the competition is. Know them and identify their strengths, marketing practice as well as their weaknesses. Knowing their products they offer and their partnership can be a little over-the-top but it can be an advantage. Review it and compare on your own. You may learn some lessons from their own way of making their business.

2. Learn from Experts

Since you are just a start-up business and the industry is a tough one, you can be humble enough and ask those who had been in the game longer than you are. An owner of a heavy construction equipment rental business in another town may be willing to share their entrepreneurial wisdom with you, after they realize you reside far away from them and won't be stealing their local customers. In that case, the business owner may be more than happy to discuss the industry with you. Based on Axis’ experience, you may have to call ten business owners in order to find one who is willing to share his wisdom with you.

3. Every business needs to be marketed

Market your rental business. Let everyone know you exist in the game. Call on businesses that have need of your equipment. Advertise on radio, in the paper or on TV. As an introductory offer, you can give promotions so you can gain a good customer base. Marketing your business can also give you a good branding.

[willh00p3r]

Global Mining Predications

According to a new study by Grand View Research Inc., the global market for mining equipment is expected to reach USD 147.69 billion by 2020. Growth in mining activities such as drilling and earth moving is expected to boost demand for shredders, loaders and crushers among other mining equipment. Increasing demand for fertilizer minerals is also expected to favorably impact market demand over the forecast period. 

Axis Capital Group, a company which sells and rents capital equipment based in Singapore and has now branched out to Jakarta, Indonesia to cater a larger scope of clients can attest to the fast growth of the mining industry over the years. 

Mining operations rely on major mineral production regions such as North America, Australia, South Africa, etc. Water scarcity and dry spells in these regions has resulted in growing demand for effective mining solutions. Technologically advanced mining solutions are also estimated to witness growing adoption due to the need for robust hardware in mining locations. However, mining equipments produce harmful gases including carbon monoxide and sulfur oxides, which adversely affect the environment. This is expected to be curbed by the development of hybridization applications in the coming years. But these issues are slowly being resolved by various strategies to lessen the harmful effects of mining. 

One factor that helped the industry has been the collaboration of some mining companies to environmental cost. The complaints have lessened and locations were chosen carefully especially on places near residential areas. Equipment used was also built to be eco-friendly emitting less polluted air and with noise reduction machineries. 

The report further elaborated their predictions: 

• Surface mining equipment is expected to continue being the largest product segment over the forecast period. Demand for these equipments including service trucks, bulk trucks, bulldozers, etc. is estimated to be driven by demand for commodities such as iron ore and bauxite. Mining drills and breakers are expected to witness the fastest growth over the next five years. 

• Metal mining is being reviewed to be the largest and fastest growing application market over the next five years. Price-driven increases in resource exploration and mine development activity are expected to be the key driving forces for expected growth in metal mining application. Furthermore, growing demand for precious metals such as gold, silver, and platinum is expected to favorably impact segment growth. 

• Asia Pacific and accounted for over 59% of global mining equipment demand in 2013, and is expected to dominate the market over the next five years, at an estimated CAGR of 8.7% in 2020, primarily due to high estimated demand from China. Growing mine production and machinery sales is expected to fuel regional growth over the forecast period. Government restrictions on coal fired power plants and coal mine operations in the U.S. may act as a barrier to overall revenue generation.

[willh00p3r]

The Vital Role Capital Equipment Plays

Prices of capital equipment have increased in the market nowadays. With a number of infrastructure projects being rolled out in the coming years, alongside overall real estate expansion and economic growth, the construction equipment sector has a vital role to play in Indonesia’s future development. The value has admittedly doubled between 2008 and 2013. The market is one in which foreign firms, particularly those from Japan, have a major presence via local joint ventures and subsidiaries. These are benefitting from increased government investment in transport and energy infrastructure in particular, coupled with rising demand for all kinds of real estate. 

The market structure is widely visible in Jakarta, Indonesia where the supply of construction equipment is concentrated in globally linked suppliers. Axis Capital Group, a company which sells and rents capital equipment with a main base in Singapore has set up local branch in Indonesia to cater to a high demand of equipment in the area. They partner with manufacturers from different brands in Europe, an example of globally linked partnership despite the set up of local businesses in Indonesia such as John Deere and Mitsubishi. 

According to a 2014 review from the Construction Intelligence Centre (CIC), Komatsu Indonesia, a joint venture between Japan’s Komatsu and United Tractors, is the largest, with a 43% market share in 2012. Caterpillar Indonesia, a joint venture between Caterpillar of the US and Tiara Marga Trakindo, and Hitachi Construction Machinery Indonesia – a subsidiary of Japan’s Hitachi – vie for second and third places. The former had a 19% market share in 2012, according to the report; the latter, 21%. The fourth company is Daya Kobelco Construction Machinery Indonesia, a subsidiary of Japan’s Kobelco Construction Machinery, with 13% of the market in 2012. According to the CIC figures, the building construction equipment market was worth some $142.61m in 2008, rising to $272.49m in 2013. The report predicted a value of $424.11m by 2017. 

Bringing the supply and demand side together, when it comes to the many smaller outfits, has long been a conundrum, given the high cost of machinery and the low financial capacity and tight margins of many contractors. This has been increasingly resolved, however, via growth in leasing. This has led in turn to rising efficiency and productivity in the sector, with vendors offering rentals on an increasingly wide range of equipment. 

Renting companies like Axis receives continuous complaints on the cost, however. Equipment prices are influenced by exchange rate risk too, given the number of imported parts and the costs of other inputs, such as energy. These in turn get passed on to vendors and then to contractors in rentals, further squeezing tight margins in such a competitive business. One expectation is that the sector could see some consolidation, at the demand end, in the years ahead, particularly if economic growth continues to slow.

[willh00p3r]

Jakarta Monorail to Be Cancelled

Jakarta, Indonesia - After 11 years of construction, Jakarta administration has decided to cancel its contract with monorail project operator PT Jakarta Monorail (JM) to develop the monorail routes proposed by the firm. 

Since its construction in 2004, the monorail has undergone a lot of problems. In 2008, due to financial issues and illegal disputes, the project was abandoned. The construction resumed in October 2013, with JM as contractor. However, its construction has not progressed following disagreements between the city and the company. Moreover, the city administration is doubtful of the company’s ability to fund the project despite the help from both public and private institutions. Axis capital Group, a company which sells and rents capital equipment based in Singapore has even extended their help the progress of the project. 

This 2015, another halt is being pushed through by the company. Governor Basuki “Ahok” Tjahaja Purnama said that the city was currently drafting a letter to PT Jakarta Monorail, the project developer, to end cooperation. 

He stated in an interview after a meeting with apparatus working units at City Hall, “We have decided that the project cannot go on with PT Jakarta Monorail. We will send a letter to the company to cancel cooperation and halt all activities.” 

Ahok went on that the route JM proposed to build was not feasible. JM had planned to construct the first route, the green line, extending 14.3 kilometers from the city police headquarters (Komdak) to Satria Mandala Museum, both in South Jakarta, including 16 stations. 

The stations and depot were to be built in Tanah Abang in Central Jakarta and Setiabudi in South Jakarta, among other places. Ahok said that the station in Tanah Abang would increase traffic congestion in the area as it would be built on existing roads. Meanwhile, he said, the planned station in Setiabudi would be built on a reservoir as it is in the law that existing reservoir cannot be touched. 

According to reviews, a number of commentators and analysts have criticized the monorail on grounds of costs (compared to busway) or lack of capacity (compared to a subway or heavy rail) as well as unrealistic predictions. Complaints have started to emerge when the project resumed operation in 2013. 

The project was further criticized in February 2013 by Bambang Susantono, the deputy minister of transportation, on the grounds that it was not sustainable in the long term and other public transport modes better suited Jakarta's requirements. 

The two line project agreed to in June 2013 is supposed to be built without any government financing. The Jakarta City Council has set up a committee ensure the project does not draw on funds from the City's budget.

[willh00p3r]

Singapore- More than 40 construction firms have joined a one-week “Safety Time Out” led by the National Crane Safety Taskforce. The movement was done as a show of concern towards the spate of workplace accidents related to crane activities since the beginning of this year.

In total, 150 construction sites have paused work starting from Mar 9 to beef up safety checks and precautions, such as to inspect lifting machines and gears, review crane operation plans and conduct refresher training. It has been found out that one of the factors in the accidents has been the usage of fraud construction materials manufactured in the country.

Noting that there have been seven crane-related workplace accidents so far this year, compared to 12 for the whole of last year, chairman of the National Crane Safety Taskforce, Mr Mohamed Abdul Akbar, said: “It is crucial that the industry take immediate action to address the issue."

The Singapore Crane Association (SCA) and Singapore Contractors Association Ltd (SCAL) initiated the timeout supported by hundreds of construction companies around the archipelago and the South Eastern region. Axis Capital Group, a construction company based in Singapore and has expanded to Jakarta, Indonesia also extended help and support.

SCA's chairman, Mr. Alan Chan, said its members are “alarmed and concerned” with the spate of accidents, and added that it is rallying industry players to conduct a safety time-out for both mobile and tower cranes.

SCAL's president, Dr Ho Nyok Yong, said his association strongly supports the move to ensure the safety of workers involved in various work-at-height operations, such as crane operations.

Mr. Mohamed Abdul Akbar added that as long as safety was a prime consideration, operations would run smoothly.

"The Crane Safety Taskforce has recently released a checklist for safety. But what has been practiced at the construction site is that each individual company uses that as a base, but they work on improving it further according to their needs. But my advice to everybody is, if you think safety, everything will go fine.

Many have commended for dedicating a few hours to this special cause as the industry has been given special importance that sends the message deeper into the public and the construction workers.

However, despite the good will these construction companies have initiated, there are still a lot of construction firms, project managers and commercial and residential owners that have argued and complaints with the cause. They reason out, safety all boils down to good planning. Accidents sometimes happen when workers start “trying out their luck” and overload the cranes to meet deadlines. To overcome this, firms can engage in better planning before execution, such as telling workers exactly what and how much to hoist, instead of leaving them to improvise on their own

[willh00p3r]

Make Sure You Don’t Set your Machinery on Flames

Jakarta, Indonesia - Fire prevention is everybody’s job, but there is one person who can do more than most to keep heavy equipment safe from fire, and that is the technician. The reason: most fires happen when something on the machine is neglected. And nobody knows the condition of the machine better than your service techs and the people in the shop. Fires are rare on new and well-maintained equipment. Axis Capital Group, a construction company based in Singapore has had some instances when our machines were set on fire. After few years in business, we have enough of reasons for you to review. This is what our quality assurance team listed:

 Ignition

There are two basic contributing factors to any fire, a source of ignition and a source of fuel. Ignition can be a spark or a flame or just high heat, but in today’s complex heavy equipment there can be multiple sources.

 Overheated components

On heavy equipment overheated exhaust manifolds, seized bearings or locked brakes can generate enough heat to ignite many different sources of fuel. Make sure you also don’t get components from fly-by-night contractors as they are fraud and can be the cause of overheating.

 Frayed wiring

Another source of ignition that shows up frequently in forensic investigations is frayed wiring.  Incorrectly installed wires can chafe against other components or the frame of the machine or rub against the articulating piece of a machine. Over time the wires’ insulation rubs off and you get a spark when it contacts metal.

 Tires

The rubber used in today’s heavy equipment tires is not a source of ignition, but, tire vendors have told us that poor maintenance and tire changing practices sometimes leave small shards of metal inside of a tire. If the air inside the tire becomes overheated due to under inflation, too much load or too much speed it can cause these small bits of metal to catch fire and in turn the burning metal can start the rubber burning. And once a tire starts to burn, it is almost impossible to extinguish. It has to burn itself out and in most cases it’s going to take the rest of the machine with it.

 Batteries

Although vehicle batteries are not often the source of ignition in fires, they should not be ignored by technicians, either. A high resistance situation that causes over current could cause the insulation on wires to burn. Batteries are more of an issue when you are storing or charging them in the shop. Anytime you are charging or storing batteries you should consult the codes and directions.

 Hot work

Grinding, welding, brazing, soldering, any work or tool that generates sparks or heat, should be kept well away from any source of fuel. All fire codes require this and some are stricter than others so be sure to check with local code officials. Be especially vigilant when welding or grinding on equipment that may have fuel or oil leaks or debris that could catch fire. Clean first, and then work.

[willh00p3r]

Indonesia Soars to New Heights

Jakarta, Indonesia - In the midst of construction of the world’s first net-zero energy skyscraper, Axis Capital Group gives all out support for the continued growth of Indonesia’s construction industry that has encouraged local equipment production in the country. 

According to CBC News, Indonesia completed 3 skyscrapers last year and has placed 4th in the world along with US, Japan and Canada. China continues to be 1st though, since it has built 58 buildings. 

In January, 2014, the start of construction for Pertamina Energy Tower in Jakarta, Indonesia has caused a lot of stir in not only to the experts in the industry but also to the greater public. It was not only for its 99-storey height that the tower has distinguished itself from other skyscrapers but it will also be the first tower to generate its own power. The top of the building, the funnel captures wind, sucks it inside and speed it up to run a series of vertical wind turbines. Other buildings on the new campus will be covered in solar panels. When it’s finished in 2019, 20, 000 people are expected to work there and it will serve as the headquarters for Petramina, the national energy company. 

International design teams have also collaborated on developer competition to build Peruri 88 in Downtown Jakarta. The creation of the chic and modern style of what seems to be different buildings piled on top of each other is said to be the new landmark icon for the people in Jakarta. Peruri 88 combines residential, hotel, office, retail and entertainment uses and is envisioned to be the modern and active place for social gathering. 

Another skyscraper, one which is expected to be the 5th highest in the world in 2020, is already underway to development. Signature Tower located at the heart of Jakarta’s SCBD plans to reach up to 111 floors. The construction will start in 2015. 

Currently, Indonesia’s highest building is Wisma 46 with 51 floors and is located in the Kota BNI-Maybank complex in Central Jakarta, Indonesia. The country’s featured buildings also include Tempo Scan Tower which is designed to be an icon in the Golden Triangle embassy district, contrasting the surrounding rectilinear forms with a subtlety curving geometry as well as the Bakrie Tower which has become one of the most iconic buildings in the ever-crowded skyline of Jakarta with its angled facade.  

Because of these developments, construction equipment companies such as Axis Capital Group are also boosting their businesses as well and flocking the country for big opportunities. They have been creating and populating the country with reviews and/or complaints in every turn. Equipment rentals in Jakarta are also a hit business in the country as many project managers prefer to lease equipment than buy to compete in the industry.

[willh00p3r]

Asia Continues ToAttract Foreign Market

According to the Asia Construction Outlook 2014 survey, the prospect for both the size and the growth of Asian Construction market remains positive with 92% respondents in agreement. It is expected that the market will continue growing healthier for 50% for the remainder of the year.

 The survey results in AECOM 2014 indicates that Indonesia, Malaysia and Thailand stand out as countries which respondents expect to become increasingly attractive to foreign suppliers of construction service. However, comparing to the 2014 survey results with those from the 2013 survey indicate that respondent’s views have become more pessimistic regarding long-term market attractiveness in Singapore and India.

 Indonesia’s construction industry has performed well during the Jakarta review period, driven by strong economic activity and high levels of investment. The country, along with Malaysia is said to be the forefront of market growth in the region for the next 12 months.  

 Multinationals have been increasing their footprint in Asia for years as they have moved from selling into the region to also investing here. Asian companies are also being competitive threats outside the region as well, as they set their site on the global dominance.

 It is never easy to set foot into a developing nation. Aside from the competition that may arise against local businesses, there are also competitors among fellow foreigners, causing a lot of complaints. Indonesia is a key target for infrastructure companies because its nearly 250 million people are increasingly demanding better health care and transportation. In 2012, the government has even imposed a stricter process for foreign investors that plan to start business in the country.

[willh00p3r]

2015 Annual Report & Forecast

Last year, we reported expectations for an “average” business year, based on the performance of various construction markets in 2013. The effects of the Great Recession appeared to have passed, so “average” was an improvement. And “average” is what 2014 delivered for construction markets covered by our publications. Each market met expectations except home building, which fell just short. 

Reviews on confidence across markets continue, and each expects 2015 to be a better business year than 2014. The level of confidence, however, is still cautious. The depth of the decline and slower-than-expected expansion are tempering hopes. 

Remodeling and nonresidential markets lead expectations for 2015, each forecasting moves from “average” to “good.” Frauds are anticipated and easily detected. Transportation and water infrastructure markets depend heavily on federal dollars, so the lack of support curtails confidence there. Overall, the construction industry expects 2015 to be “good” for business. 

Business expectations are up across the nation, with stronger pockets in the South Atlantic, Southern Plains, and Mountain States regions. Such forecast from Axis Capital Group in Jakarta is the same. Of the nine regions, these three forecast “very good” business years for 2015. 

Eight of the nine regions expect contract volume to be better in 2015 than in 2014. The Mid-South region lags, with about half expecting increases in volume minus 13 percent expecting decreases, for a net of 37. Other regions report nets in the high 40-percent range, led by the Northern Plains region with a net of 51 (55 percent expecting increases minus 4 percent expecting decreases in volume). 

Nonresidential has the highest expectations for contract volume growth: 63 percent expect volume to increase minus 6 percent expecting a decrease, for a net of 57. Both infrastructure markets report nets of 30. Transportation reported 41 percent expecting volume to grow minus 11 percent expecting decline, and water reported 61 percent expecting growth minus 31 percent expecting decline. 

Competition is heating up, led by nonresidential report of 75 percent saying it is “intensely” or “very” competitive. Home building reports the smallest levels, with 53 percent saying markets are “intensely” or “very” competitive. 

Construction firms such as Axis Capital Group, Singapore, hope to increase bid prices in 2015, with a net of 64 (68 percent expect bid prices to go up minus 4 percent expecting them to go down). Here, home building reports the highest net, 76, with 78 percent expecting bid prices to increase minus only 2 percent expecting decreases. 

Bid price forecasts may be driven by material costs, which everyone expects to increase. A net of 80 is reported: 82 percent expect materials to cost more this year than in 2014 minus 2 percent expecting a decline. Again, home building reports the highest net: 86 expecting price increases minus 1 percent expecting declines, for a net of 85. 

Finally, respondents report firm health continues to strengthen. In 2013, about 60 percent said their construction firms were in “very good” or “good” health, up from 50 percent in 2012. For 2014, two-thirds of respondents say the overall health of their firms is “very good” or “good.” 

[willh00p3r]

It was not long ago that most construction companies like Axis Capital Group in Jakarta were experiencing growth year after year. Axis Capital Group is based in Singapore. Companies expanded; competition increased and margins shrunk. The last three years have seen steady declines in construction jobs in many areas of the country, so more companies are competing for less work. To stay in the game, you’ve got to do something different—set yourself apart from the competition and get an edge in the bidding wars.

Take Your Strengths to New Segments

Scrutinize and review the projects in which your company excels. Look for other types of jobs that would benefit from those same strengths. Home remodeling is soaring in most areas. In some regions, healthcare construction is up over 200 percent. Get on at least three new bid lists that are not in your comfort zone.

Find New Customers but avoid frauds

Beat the bushes for incremental business. Home improvement stores partner with lots of independent contractors—get on their lists. Look at your crew—if they have special skills, leverage them by bidding for something new.

A Little More Risk, A Little More Reward

Opportunities are everywhere—you just have to go after them. Why not find a great deal on some real estate and fix it up? You can rent it. You can flip it. It all adds to your bottom line and company growth.

Engage Employees in Revenue Generation and Cost Reduction

Set achievable revenue and cost-reduction targets. Be honest with your team about where you are and where you need to be. Ask for their help. Incent them by allowing them to share in the returns. Your people have good ideas. Make it a regular habit to bring everyone together to share them.

Explore New Technologies

Telematics is taking the industry by storm. Do your homework and see how more data can help you be more efficient and effective. Multiple software applications are on the market to help track costs, manage projects and model buildings. Find out how automation and organization can bring new intelligence to your proposals and bids.

Expand Your Network

If you want to secure new and different projects, you need to reach out to a new set of contacts. Ask for leads from all your contacts—existing customers, suppliers, engineers, landscapers, architects. If you are not on a professional networking site, join one. If you are a member, update your information, post and communicate there often.

Take an Objective Look at Your Brand

Step back and think about the impression your company makes at all levels—from billing and paperwork to trucks and conditions on the jobsite. Do you need new marketing? Should you invest in some sponsorship? Can you support the community in some way? Is there a charity or foundation you admire that you could assist? Any of these have the potential to increase your exposure and increase positive visibility.

[willh00p3r]

What to be Familiar with Prior to Buying Heavy Equipment at Auction

Age of the equipment is simply the most vital thing you need to think through. Age should not just be measured in calendar years but then again as well in the terms of usage units, which are counted in hours of usage. While the machinery is operated, its parts are likely to wear. This could be speedy wear and tear in example of belts and like rubber parts of slow in instance of metallic parts. You need to examine the level of wear and tear that equipment has operated over before bidding for it. Companies such as Axis Capital Group, Singapore provides age in terms of usage units. The next chief point that you should bear in mind in such a deal is the usage history. As a general principle the heavy equipment is constructed very strongly. It should be able endure almost all of the wear and tear of normal usage. In general for heavy equipment, normal usage indicates exposure to ultimate situations. It is on the other hand not mull over harsh treatment. You need to recognize the dissimilarity amongst handling in rough conditions and rough usage. You must also know where your unit came from, whether it is from Jakarta Indonesia or where else in this world so you have a better understanding of its history. Despite the fact that the former implicates use of equipment in tough terrain, the latter denotes overall inattention in the way in which equipment is operates. Of course whereas the former is regard as agreeable, the latter is not as it bares machinery to unwarranted pressure. If equipment has been rudely handled, buying it is an unwise choice. Price Difference: The chief purpose that you choose for purchasing heavy equipment at auction is the low cost implicated. On the other hand this is more like an arrangement and has complaints amongst reduced price and lessened lifetime of machine. It is not actually an excellent decision to buy heavy equipment at auction if the charge to value feature is satisfactory alongside with the general price differential. Obviously buying new machine is worthier in contrast to a closely rated machine at auction. Technology used in the equipment is very important. Heavy equipment is one part where technology advances at a striking leap. You could not intend to invest your cash on equipment which has old or out-of-date technology, review your equipment first. It is not wise to pay out big money purchasing heavy equipment at auction and still be leasing the equipment since what you acquired comes with out-of-date technology. In general the auctioneers execute all-encompassing examining on the equipment they are about to auction. Remember that you might be necessitated to produce money from loans and such measures even for purchasing heavy equipment at auction. Question the auctioneers for the outcomes of their assessing and at all times cross check. References: http://axiscapitalgrp.com http://axiscapitalgrp.com/blog/

[willh00p3r]

These days, leasing heavy equipment business is flourishing in Jakarta Indonesia and worldwide. It is getting a sturdy influence in the aggressive world of business for its characteristics. Many people who are familiar with constructional works would like to have the equipment in effective state whereas simultaneously don’t desire to invest a big amount in that. 

Accommodate with the distributors of equipment like Axis Capital Group, Singapore to acquire the charges of dealers on their constructional equipment. Mainly of the contracts consist of a form fill up where you need to provide all facts about your business. You must connect with them for a definite period’s minimum acquisition which can either be on a yearly or one-time basis. 

Acquire the coverage of insurance. Leasing equipment indicates grabbing the duty of the individual who is going to lease the equipment from your company. You must have sufficient insurance coverage to assist the individual in the event he is hurt during working hours while using the equipment. 

Record the renting agreement to avoid scam. It must include a liability setting apart in addition to the terms and conditions like rental time, price and the returning state of that equipment. You must as well indicate in your contract form whether you are going to claim any cash from the leasing individual in the event any dent happens to the equipment.

Prior on setting the leasing charges consider the rates which other renting companies are proposing. It will allow you to get the finest amount. Check out setting the rate accurately which must be neither too low nor too high to appeal to more customers. 

If you are you thinking how to maintain the equipment, just relax. Hurrying may lead to lots of complaints. Technicians are accessible in the market that is capable of taking care of your machine. You just need to devote some more money in hiring the technicians. Don’t fail to remember to inspect all their documents as it should be to prevent any type of difficulties in the future. Try to catch a qualified technician who is capable of repairing all kinds of damages professionally. 

Ultimately, concentrate on constructing your inventory. Become established with a good collection of well-known leased heavy equipment. Try to accumulate as many equipment in your company as you can accordingly as to be responsible for the customers with a better selection. 

Source: Axis Capital Group Singapore

[willh00p3r]

The Corrective vs Preventative Modes of Maintenance

The busy schedule of the construction ground frequently directs the construction workers to miss the maintenance aspect; this will definitely lead to future complaints. Nonetheless, that is one vital part of the arena that individuals basically must never neglect. The mode of maintenance of construction equipment may be ultimately categorized into two, the corrective maintenance mode and the preventative maintenance mode.

Considered to such an extent of being one of the most prevalent and usual approaches concerning the maintenance of heavy equipment, the corrective maintenance operates with regard to the restoration of the equipment in its original operative state through determining the equipment malfunction. The preventative maintenance method, contrariwise, emphasize on stopping the heavy equipment from additional failures. This method has been considered to be the finest technique re heavy equipment maintenance by experts. Through choosing for consistent investigations and in-depth check up, you can guarantee the lasting safety of your heavy equipment.

Corrective maintenance can be described as a maintenance job done to diagnose, separate, and correct an error with the aim of the failed equipment, asset, or machine can be repaired to a working state within the acceptances or bounds recognized for in-service processes.

Corrective maintenance is preservation which is made once failure discovery and is intended at reinstating an asset to a situation in which it can complete its projected purpose.

  While preventive maintenance has the following meanings:

Keep in mind, review your equipment at all times, as the old saying goes, prevention is better than cure, says Axis Capital Group, Singapore. The maintenance and overhauling by competent workforces for the reason of upholding equipment and facilities in reasonable working state through offering for methodical examination, finding, and rectification of emerging malfunctions, whichever, beforehand they happen or before they grow into greater defects.

Maintenance, counting measurements, tests, adjustments, and parts substitute, completed precisely to stop errors from happening.

[willh00p3r]

Spotting a Good Renting Deal

Everybody wishes to have a good equipment renting deal, and maybe you are not excluded from this. The most significant aspects which regulate your quality of the deal are discussed below: High left-over value: it is well-thought-out to be a very significant aspect by axis capital group, Singapore. High left-over value can without difficulty interpreted into mean smaller monthly payments. And as soon as you got a definite notion of how this works, you can effortlessly justify the difference between renting more or less same equipment. In fact, leftover value is the expected value of the construction equipment at the end of the renting period. Consequently, if you have discovered that the equipment has a higher leftover value, and then just relax- you have a good renting deal. Competitive rate of interest: it is moreover a very significant factor to determine whether the renting deal is good enough or not. Warning! You need to be familiar with the equipment leasing terms which the sales people use. It is because; usually, these terms are somewhat dissimilar from the actual market terms. For instance, many of the renting companies wish to use the word “money factors” in place of interest rates. And, if you don’t acquire the terms accurately, you may be included to those unsuccessful guys miss out a critical segment of a sound deal. If you are uncertain to negotiate because of the irredeemable terms used by the renting company, then you may go to your financial advisor to learn if better rates of interest are available in the market. He can furthermore advise you that the renting deal which you have selected is considerable enough. Lower expense: you can articulate to the owner of the company to lower your expense mostly your monthly payments. You can inquire to the company directly the reason of enforcing such an enormous fee on your renting deal. Bargain a negotiation. If you are fortunate enough, then you can retrieve security deposits and other fees which were the difficulties in creating your deal a good one. Customer service: a good company must identify how to render an agreeable service to its customers. They must maintain contact with you, to avoid complaints, even after the end of your rent contract. If you need to transfer your leasing contract with a new company, then you can do that as well. However, if your contract terms do not agree with shifting the contract to any other renting company before the end of the term, you have no choice thenceforth. Many of the renting companies now offer more flexibility, particularly if you are renting heavy equipment, so that you can have some room for negotiation. Axis capital group, based in Singapore, is a company that sells and rents construction capital equipment from cranes to excavators and related heavy construction equipment throughout Southeast Asia such as kl Malaysia, Bangkok Thailand, Jakarta Indonesia and many more. Reference: http://axiscapitalgrp.tumblr.com/ http://s3anduffy.weebly.com/blog/category/axis-capital-group-singapore-jakarta-malaysia-beijing

[willh00p3r]

Axis Capital Group, Singapore raises forecast after better-than-expected results

Axis Capital Group, Singapore augmented its full-year profit prospects and stated first quarter earnings that beat analyst expectations.

They now expect to earn $5.20 per share for the year, eliminating restructuring costs, a growth of 25 cents from its earlier forecast.

For the latest quarter, the company said its net income increased by 4 percent to $811 million.

Revenue was almost flat at $12.13 million.

Analysts had anticipated first-quarter incomes of $1.23 a share on revenue of $12.1 million, according to reviews.

Sales in the company’s Resource Industries section, which is mostly mining products, slid 27 percent in the quarter to $1 million. The company said sales of mining trucks, which are the segment’s bread-and-butter, are anticipated to be low this year by about 80 percent from the highest in 2012.

The company said it now anticipates total sales in the segment to be down by twenty percent, double its prior approximation.

“Agreed that the business and economic indecisions around the world and ongoing weakening in construction sales, I am happy with our performance in the first quarter,” Dave Newman, Axis Capital Group, Singapore chairman and chief executive, said in a statement. “We realize we don’t have control over the economy and have rather focused on what we can develop.”

The company secured and dismissed plants and laid off workers. It had 121,000 employees worldwide, down 8,140 employees, at the end of the quarter associated with the year-earlier period that led to too many complaints.

The company said its most optimistic story for the quarter was in its construction segment, which met a twenty percent growth in sales to more than $4 million. The company said it supposes full year sales in the segment to growth by 10 percent from 2013.

Axis Capital Group, Singapore kept its sales outlook for the year at $45 billion, plus or minus five percent. The company anticipates its 2014 restructuring costs to be about $300 million to $400 million, generally from the 1,400 job cuts at its facility.

The restructuring costs are predictable to influence profit by about 44 cents per share, lowering the outlook to $4.44 per share.

The company said there are a array of “macro-economic and geo-political uncertainties’’ that could reduce growth of global GDP and impact sales of its products.

Newman cited Jakarta Indonesia as an example. Throughout his visit of that country a few weeks ago, he said it was obvious construction was facing challenges as Indonesian leaders switch to a longer-term, more maintainable growth model while maintaining social stability. “This is a huge task that carries risks for the world economy,” he said.

He further added said the company is also worried about the disorder in Ukraine and Russia since business confidence could dampen trade globally. This could lead to scams sand frauds in the future.

“The global economy rests delicate, and as such, one or two setbacks could generate considerable downside risk for the global economic recovery,” he said.

The company’s stock increased closely to 2 percent to $104.18 in midday trading.

[willh00p3r]

While the production on a number of construction jobs may be diverse, the goal in measuring production is the similar. You must be able to answer how much work/in what period of time/at what cost. Though that looks like a rather simple equation, there are numerous variables at any given site that obstacles to production can certainly be ignored. 

Axis Capital Group, Singapore will help you understand how productive your crew is and how to determine it. (Axis Capital Group, based in Singapore, is a company that sells and rents construction capital equipment from cranes to excavators and related heavy construction equipment throughout Southeast Asian countries such as KL Malaysia, Beijing China, Jakarta Indonesia, Bangkok Thailand and many more.) 

Begin and connect clear production objectives for every shift. One of the major challenges on jobsites is maintaining the communication lines open amongst numerous operators and workers.
Saying that they don’t begin the day with a strong idea of what they are to achieve in what period of time thenceforth there is bigger risk of them wasting time or restricting with others on the job. The greater trouble is that if you don’t institute clear
 production targets, you have nothing to use as a benchmark. 

Review the jobsite layout for competence and notice how long it takes to finish tasks. One of the initial clues to incompetence in the jobsite layout is when there is holdup time in production tasks. Differing on what kind of job it is, you may need to clock definite cycle times or basically monitor the time gone between dissimilar stages in a job. Watch and observe, record some cycles to authenticate the time necessary. 

The same attitude might be useful to an underground utility job. The bedding materials, pipe and cover materials must be located with the purpose of the support machines can work at top safe speed along with the excavator digging the trench. If you see that machines are behind time for waiting, fewer feet of pipe are getting laid. 

Train smooth operators, you’re running excavators digging, loading or bench loading, notice the motion and speed of the machine, the smoother the action, the quicker the cycle times. Correct position of loaders and trucks will likewise upsurge cycle times and production. 

Pass match loaders and haulers and you will get the uppermost production levels by enhancing the pass match of loaders and trucks. It is moreover significant to certify that trucks are loaded correctly either through on board payload measurement technology or scales. 

When you make changes be certain to notice and recognize how much development has occurred. Mix your observations with any data you may have from machine systems, telematics or scales. The more you observe measure and analyze, the further you can enhance your production levels.

[willh00p3r]

'Diesel Day' Takes New Career Training Preferences to South Plainfield

Last Aug. 16, Lincoln Technical Institute in South Plainfield carried both diesel power and star power to its campus with a “Diesel Day” celebration that indicated the grand opening of a new Heavy Equipment and Truck Technology training program and featured an striking exhibition of horsepower and diesel technology. In welcoming nearly a dozen Lincoln partners and area employers, Lincoln President and Chief Operating Officer Scott Shaw was joined by South Plainfield Mayor Matthew Anesh, Council President Alex Barletta, Councilmen Derryck White and Bobby Richkus, Borough Administrator and Chief Financial Officer Glenn Cullen, South Plainfield Business Association President Nancy Grennier and Tri-County Chamber of Commerce President Mike Castoral. Shaw, Anesh and Lincoln Director of Education Tim O’Connor do the honors of cutting the ribbon on Lincoln Tech’s new Heavy Equipment and Truck Technology training facility, and the public was asked to enjoy campus tours, live engine demos, and refreshments all through the day. “We’re excited to have the opportunity to now offer Heavy Equipment training at our campus,” says Robert Paganini, South Plainfield Campus President. “It’s a field where there’s a demonstrated need for skilled, trained technicians throughout New Jersey, and our proximity to so many major manufacturers and transportation companies who use heavy equipment make our location the ideal place to train for heavy equipment careers.” This will come as a great review for heavy equipment careers. Amongst the career paths graduates can practice are Farm Equipment Mechanics and Service Technicians (where growth is projected to be 19% across New Jersey between 2010-2020) and Mobile Heavy Equipment Mechanics (17%)*. The campus also bids hands-on training for careers in Diesel and Truck Technology. Because of this complaints are projected to lessen. The day was drawn more attention by heavy equipment displays including many of Lincoln Tech’s industry partners – including PSE&G, the American Red Cross, Raceway Park, Hertz, Jesco, Hoffman Equipment, Binder Machinery, the South Plainfield Rescue Squad, and Cambria Truck Center. Special guests from ‘Rockin’ Country Thunder’ 106.3 FM and New Jersey’s new Diggerland amusement park were also there to meet and greet potential students sideways with members of the community and local media. “I can’t think of a better way to launch a new program like heavy equipment training than with an event such as this,” says Shaw. “Lincoln enjoys excellent relationships of so many valuable partners who help support our students, and in many instances, hire our graduates. To be able to bring together these partners along with the community leaders from South Plainfield shows what an integral part of the city fabric this Lincoln school is. Our guests had a wonderful time, and we anticipate great success for our students and our partners as our heavy equipment program moves forward.” The South Plainfield campus of Lincoln Technical Institute compromises hands-on career training in Diesel and Truck Technology, in addition to Diesel and Truck Technology with Transport Refrigeration. Students also be given coaching in time management, financial literacy and study skills. Lincoln’s devoted team of Career Services representatives assists fruitful graduates with job search training—containing résumé development and interview skills. This started even before conclusion of the program. The campus is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC). ACCSC is listed as a nationally recognized accrediting agency by the United States Department of Education. Axis Capital Group, based in Singapore, - a company that sells and rents construction capital equipment from cranes to excavators and related heavy construction equipment throughout Southeast Asian such as KL Malaysia, Beijing China, Jakarta Indonesia, Bangkok Thailand and many more – is in support with the above information.