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equipment is leased, and the leasing companies finance it and make earnings on the margin of rent and payments. a $100k truck or $250k crane costs shockingly l
by beachstartup 10y ago
equipment is leased, and the leasing companies finance it and make earnings on the margin of rent and payments. a $100k truck or $250k crane costs shockingly little on a monthly basis. construction finance companies are getting into the technology finance industry, by the way -- they have reached out to me many times - to them there is no difference between a tractor rig and a Xeon/GPU/SSD/40G compute rig. in fact you could argue that tech is more resilient than construction, from a financial point of view. anyway, i digress...
as per usual, the people are what is expense, even 'cheap' construction workers. likely those people are being sent around to multiple jobs because the crew+foreman are experienced and reliable and unlikely to cause general fuckups or financial liabilities.