Bucket-Wheel Excavator Lease Agreement
Bucket Wheel Excavators are some of the largest machines made by man, ranging from 50 tonnes to over 14,000 tonnes in weight.
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They are heavy equipment that is used in open-pit mining. What makes them stand apart from other construction equipment, other than their size, is the use of a large wheel consisting of a continuous pattern of buckets used to scoop land material at a job site as the wheel turns. Given the sheer size of this equipment, when adding to their fleet contractors will likely lease the equipment as supposed to purchasing it or renting it. The option to lease will impact the cost of owning, and the rental terms may not be long enough for the time needed in a long term project. The Bucket-Wheel Excavator Lease Agreement app should be used by both the lessor and lessee for the heavy equipment lease. The app will guide the users through the contact, clearly laying out the expectations of the agreement for both parties.
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