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Nowadays the need for translation services plays an important role in construction and architecture industry.
All participants in the construction business such as construction developers, architects, engineers, investors and general contractors need professional and accurate translation services.

Language translations are required for all types of construction documents.
Construction documents include building plans and drawings, specifications and any supporting documents created or accessed during the completion of a building project.
Building plans and all relevant architectural, structural, mechanical, plumbing and electrical drawings are the industry standard documents used to outline the project.
Specification manuals cover materials and methods to be used when constructing the project.

Today outsourcing is a common practice in the construction business. The US and Europe are looking for locations where skilled architects can prepare all the necessary documents that are required. But this trend raises the need for the design information to be translated into the native language of the architect or a universal language like English and later to be translated back to the original language.

Example:
A UK developer needs a building plan for a construction project to be executed in France and hires a Spanish architect.

The information required for preparing the plan must be delivered to the architect in English and/or Spanish. The architect must also receive the guidelines of the local government authorities in France for making the structural design. Those guidelines will be available in the French language and therefore need to be translated into English and/or Spanish.

Design documents must be submitted by the architect to the developer/owner for approval as the project is being constructed. In some cases, documents might be changed in some manner by the owner or architect. These written changes will become an official part of the construction document set.

All the aforementioned requires that through the designing process, all documents to be available in English and Spanish languages. Once the completed set of building plans is ready to be submitted for review by the local government authorities in France, all documents must be translated into French language.

Incomplete or incorrect translations at this stage might result in developer not obtaining a building permit. Translation services providers can assist construction developers in precisely filing a building permit application form in cases where it is to be filed in a different country.

Large industrial construction projects require the involvement of many professionals through the design process. A team might include architects, civil engineers, mechanical, electrical, structural, fire protection engineers, surveyors, interior designers and more. It is possible that the team is assembled by specialists from different countries, hence again the importance of translation services.

Once the design process is complete, the construction project is ready to be sent out for bids. Construction developers produce a list of requirements for a project, giving an overall view of the project’s goals and start an open call for tenders. At this stage it is possible that face-to-face tender negotiations be conducted with potential contractors; in certain cases this will require the need of using a professional interpreting services provider.

A translation company should
1) translate the tender documents into the language of the general contractor;
2) understand the requirements and precisely prepare the bid response;
3) back-translate the bid response into the language of the construction developer that published the tender.

Developers select and sign construction contracts with the appropriate contractor. Often, it is not just one contractor, but a consortium of several contractors working together. The construction contract is a legally binding agreement between parties on the details and cost of a construction project. The contract must be available in the native languages of all parties involved.

Construction documents provide comprehensive instructions to the contractor/contractors as to how the project shall be constructed. All documents shall be available in language/languages that can be understood by contractor/contractors.

Large-scale construction projects often requite external financing and complex financial management. Mortgage bankers, accountants and cost engineers are likely participants in creating an overall plan for the financial management of the building construction project. All financial documents shall be precisely translated and available in all possible languages in order to reach and attract a large scope of potential investors.

 

The need for professional language translations services for all participants in the construction industry can be best met by a translation company that:

-> Has a proven track record of completed technical translation and interpreting services projects for international companies in the building and construction industry.
-> Hires an in-house pool of industry-specific translators and interpreters, with background in construction or architectural engineering and that has the knowledge and experience to respond to the needs of any architectural or construction company.
-> Uses translators that have access to up-to-date industry specific dictionaries and glossaries and that are familiar with the terminology used in the construction industry. Construction business has its own unique terminology, and familiarity with the terminology is essential for accurate and consistent translations. 
-> Has an in-depth knowledge of legal concepts and terms. Translating documents for the construction industry does not solely require knowing industry-specific vocabulary. Legal terminology used in construction contracts, building permits and tenders can be complex. Experienced legal translators can ensure that no legal aspects are lost in translation.
-> Has a team of professional financial translators. The construction business requires an understanding of financial management and investor relations in construction business.
-> Hires structural engineering specialists that have the skills to ensure that every technical detail and every nuance of even the most complex and challenging texts is accurately translated into the required language.
-> Has a Quality Assurance department, that will carry out in-depth quality control, assign a project manager to perform the project management and coordination and hire a technical engineers who to review the project on a regular basis.
-> Has experience in working with construction design software: 3D, Computer Aided Design (CAD), Computer Aided Engineering (CAE), Computer Aided Manufacturing (CAM) etc.
-> Can work to tight deadlines for tenders and provide consistent and tailored professional language services even under strict deadline delivery terms.

 

If one were searching for an argument which would bly support the vital importance of good translation in the service of providing first class construction one would have to search no further than building the Tower of Babel. Imagine if those ancient architects had the access to professional language translation services when they were trying to build a tower to the heavens. Maybe history would have been different!

 

 

 

 

 

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www.shcri.com  -  Machinery demanded in the comprehensive mechanized construction of earthwork, stonework, concrete work and building & installation projects is called construction machinery. The production of the construction machinery industry is featured with multiple varieties and small batch. This industry is a technology-intensive, labor-intensive and capital-intensive sector. Construction machinery is mainly applied in the national defense construction, transportation construction, construction and production in the energy industry, construction and production in raw material industries (e.g. mining), agriculture, forestry, water conservancy construction, industrial and civil buildings, urban construction and environmental protection, etc. 

In 2009, the market scale of Chinese construction machinery industry was about CNY 320 billion (USD 46.90 billion) with the growth rate of over 18.5%. Though Chinese construction machinery market achieved high-speed growth in the past few years, direct export to China is not the optimal strategy for foreign manufacturers, except the export of a few high-end products. The price of construction machinery in the global market is usually much higher than that in Chinese market. The prices of many products of foreign manufacturers are higher than that of Chinese local products by 50%-150%. Due to the large price difference, a great many Chinese domestic users prefer homemade cheap products with slightly lower quality.

Thus, to acquire Chinese domestic construction machinery enterprises is the first choice for transnational construction machinery enterprises to search for production and sales opportunities in China. By the acquisition, foreign-funded enterprises can immediately acquire mature production lines and sales channels. Many Chinese construction machinery products are suffering overcapacity and low profitability. When the output value is growing rapidly, the competition within the industry leads to the less profit growth  than the revenue growth. Once the downstream demand growth slows down, many enterprises in the industry will fall into the passive situation. They have to rely on the price competition to survive, but do not have adequate funds and vitality for the long-term development. 

Foreign-funded construction machinery enterprises usually carry out M&A in China by acquiring the shareholding. In the initial years, they will retain the original brands. Later, they will abandon the original brands and only produce products of foreign brands. This is the optimal mode for foreign-funded manufacturers, by which they can be familiar with Chinese market in the transition period and acquire the control on brands. Through years of rapid development, Chinese construction machinery manufacturers have strong manufacture capacity, but their funds, management and technological capacities lag behind the international and domestic advanced level greatly. M&A can enable foreign-funded enterprises to significantly improve the profitability with low cost.

Influenced by the financial crisis, Chinese construction machinery export suffered sharp decline in 2009. The export value amounted to USD 7.71 billion, dropping by 42.6% YOY. In 2009, the import value of Chinese construction machinery industry totaled USD 5.15 billion, falling by 14.4% YOY. During the export decline, Chinese local market was very important for the construction machinery industry. At the end of 2008, Chinese government released the plan to invest CNY 4 trillion (USD 570 billion) during 2009-2010. Over 50% of the investment is related to the infrastructure construction. It is predicted that the investment will generate the demand value of tens of billions USD in Chinese construction machinery market. In 2009, Chinese fixed asset investment reached CNY 22.48 trillion, 30.1% increase over 2008. Meanwhile, the fixed asset investment in Chinese railway industry reached CNY 700 billion, including CNY 600 billion for capital construction with the growth rate 79% YOY. The investment in Chinese real estate development totaled CNY 3.62 trillion in 2009, rising by 16.1% YOY.

It is forecast that Chinese construction machinery market will become the competition focus of global construction machinery giants in the coming few years.

Through this report, readers can acquire more information:
-Production status of Chinese construction machinery industry
-Demand of Chinese domestic construction machinery market 
-Investment in Chinese construction machinery industry
-Sub-sectors of Chinese construction machinery industry
-Import and export of Chinese construction machinery industry
-Major enterprises in Chinese construction machinery industry and their operation
-Influence of global financial crisis on Chinese construction machinery industry
-Prediction on development tendency of Chinese construction machinery industry
-Investment opportunities in Chinese construction machinery industry

Following persons are recommended to buy this report:
-Construction machinery manufacturers
-Construction machinery traders
-Construction machinery contractors
-Research institutes concerning Chinese construction machinery industry
-Investors concerning Chinese construction machinery industry
-Others concerning Chinese construction machinery industry

 

To get more details, please go to http://www.shcri.com/reportdetail.asp?id=458 

source: www.shcri.com

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Let’s face it construction is a risky business. Very few contractors can manage this risk and take their businesses to the next level. It takes great skill / resources / cashflow and control to deliver quality projects on time and have all the required paper work in place.

If asked, these businesses will all complain of not getting everything done or not having provided / recorded enough information. Information is everything in construction. It records the success of the project, details the failures, provides vital information for tendering and most importantly reduces risk in the event of a delay claim for time or loss and expense claim where detailed particulars are required.

As if building isn’t stressful enough. Working with tradesmen, labourers, all takes the best out of any skilled manager and then still to have to make money on your fixed tendered price is tough all right. Being one of the oldest professions it has an inherently strong contractual obligation ensuring the client is protected from fly by nights and maintaining what parties have signed up to deliver.

So how does successful business’s get all of this done and still have time to go and play golf on a Wednesday afternoon? They all have one thing in common…their controls are in place which ensures that all their obligations are met. These controls could be maintained by one of the following resources;

Managers, employees
Software
Audit platforms
Company Procedures
Template documents

Now all of these come at a price and a product that combines all of the above would be perfect, but face it very few companies if any can provide such a solution. Furthermore most of the construction industry contractors have actually created and modelled their own controls through trial and error based on years of experience. These proven controls and documents would be invaluable to any contractor, but it is difficult to obtain and in most cases restricted to intellectual property.

There is however a few websites that claims to be providing such a service. That is offering specific document templates used by Contractors Globally. One such site sells bundled templates in the following categories and are available for instant download.

Commercial Cost Control (47 Templates)
Project Management (43 Templates)
Contractual Management (46 Templates)
Tendering / Estimating (30 Templates)
Human Resources (53 Templates)
Quality Control (Coming soon)
Health & Safety (Coming soon)
Procedure Manuals (Coming soon)

These templates provides a logical solution in creating such and should be considered by Contractors where proven controls are required.

Project management is a crucial step during the construction or renovation of a building. The growing complexity of construction projects and construction related laws has further made project management an essential aspect. Therefore, a career in construction management is considered to be amongst the most paying jobs.
There are many universities offering courses and degrees in construction management. You will also find accredited online universities providing you a degree in this particular field. You have a freedom of doing specialization in these degrees through number of ways. This is definitely going to help you in learning necessary skills required for the job in construction management.

The managers in construction management profile are responsible for handling every small aspect of the project. It can include anything from making construction reports, managing employees, contractors, using equipment and making a budget of the project. Therefore, it is important for you to choose a project management construction degree that teaches you a broad skill set.

There are many software programs and technologies that can also help you in getting an edge in the job market. You can take training about building codes and standards, value analysis, contract administration, accounting, project control, management and financial management.

Before selecting a university, confirm if it gives the chance to students to do internship or apprenticeship during the course. In this way, you will get to learn more about every aspect of construction, how to manage employees, make contractors work for you and the art of working with civil engineers, laborers or architects. This hands-on experience is what most of the employers consider while offering you full time position in their company.

Project management for construction business is a challenging career, but many benefits related to it make it worth the efforts. Hundreds of construction jobs are being filled every year and the average salary is also good in comparison to what freshers get in other fields. Most of the companies offer you salary package that includes health benefits, bonus and use of company vehicle. Such a great deal indicates that a construction management degree is the best and the most rewarding job option.

If you are planning to get a degree in construction management, do research about the college, curriculum and the internship opportunity it provides in construction companies. This will further guide you in selecting the most appropriate college for building a bright career.

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Construction Factoring Suffers Along with Construction Industry

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Home Page > Finance > Construction Factoring Suffers Along with Construction Industry

Construction Factoring Suffers Along with Construction Industry

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Construction Factoring Suffers Along with Construction Industry

By: Kristin Gabriel

About the Author

Kristin Gabriel is the marketing director working with The Interface Financial Group (IFG) is North America’s largest alternative funding source for small business. The company provides short-term financial resources including construction factoring, serving clients in more than 30 industries in the United States, Canada, Australia and New Zealand. IFG offers expertise in factoring, accounting, finance, law, marketing and banking.

(ArticlesBase SC #2200247)

Article Source: http://www.articlesbase.com/ – Construction Factoring Suffers Along with Construction Industry

Very few companies are financing businesses in the construction industry today as the industry risk is still too great. Many general contractors and subcontractors are reeling from the effects of the building bubble.

And on top of this, to add insult to injury, many construction companies who obtained a business loan will probably, or already have found themselves out of covenant. This is due to falling sales. Simply put, banks won’t let them tap into their lines of credit until their sales are back on track.

What’s more, even in the factoring industry, few companies dare to offer construction factoring since the risks of default are still high. However, in many cases a factoring company will be able to help. There are quite a number of firms specializing in construction factoring.

Historically, construction factoring has been used in the construction industry for years. The latest trends indicate that the recent economic downturn and tightening of the credit markets has been especially hard on the construction industry. contractors are experiencing cash flow problems and having to focus on the new sustainable building code standards. The availability of commercial financing has been chaotic for the past year, so the situation is especially evident when seeking construction funding for commercial property.

Invoice factoring allows businesses to obtain funds based on their current accounts receivables. Typically construction subcontractors have to wait as long as thirty to sixty days to get paid for their invoices. Construction factoring advances funds against invoices and provides enough money to pay the bills.

Following are a few things you can do for starters, to prepare better if you are in the construction business. Before calling any business finance company, be sure to have your house in order, specifically:

1. First, make sure you have up current, up to date financial statements. This includes a balance sheet, income statement/Profit & Loss, A/R aging report and AP aging reports
2. Handle any unpaid taxes as best you can,
3. Try to clean up your receivables – and handle any accounts that are past due for more than 60 or 70 days.

Although there are no guarantees in this economy, these three steps that should help you better position your company for funding.

Also remember that the construction industry is one of several sectors that can benefit tremendously from invoice factoring. The sub-contractor, or construction company is no longer required to wait for payment before starting on the next phase of a project, or begin construction on a new project.

factoring enables the sub-contractor or construction firm can realize quick turnaround of 48 hours on accounts receivable due for completed stages of a construction project. With construction invoice factoring, the construction company, or sub-contractor, can be paid virtually overnight for these invoices (accounts receivable) thus speeding up cash flow and improving the company’s ability to start immediately on the next phase of construction.

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(ArticlesBase SC #2200247)

Kristin Gabriel -
About the Author:

Kristin Gabriel is the marketing director working with The Interface Financial Group (IFG) is North America’s largest alternative funding source for small business. The company provides short-term financial resources including construction factoring, serving clients in more than 30 industries in the United States, Canada, Australia and New Zealand. IFG offers expertise in factoring, accounting, finance, law, marketing and banking.

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Article Tags:
construction factoring, invoice factoring, accounts receivable factoring, factoring companies, factoring

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Project Management Software plays very important role in the growth of Construction industry. Nowadays many Construction industries use project management software for managing and maintaining their projects. Construction Project Management Software uses techniques and latest tools to plan, monitor and to execute a certain project within the agreed time, cost and quality. Project Management Software aggregates all relevant data and holds it available on a common information platform. In Construction industry projects includes many processes like one is ordering material, labor issues, documents related issues and many others factors. So for such situations using Construction Project management Software is the best solution for the development of a company or industry. This Software handles many processes simultaneously like construction planning, construction scheduling, construction estimating of costs and expenses, construction documentation processes and purchase and sales processes and so on. Construction Project management Software is very effective software for making plans when it comes to plotting the schedule for constructing a particular structure. So it’s become necessity to have a Construction Project Management Software so that you can easily finish one project and start new one. Use of Construction management software are also saves your time and money.

Using Construction Project Management Software is beneficial to any construction organization. Because, it eventually translates to a great savings in costs in terms of time and energy and increases the efficiency of staff and the project in general and it also reduces chances of human error. Construction budgeting, Time line scheduling, Documentation and Administration functions, Change order management, Sub- Contractor management, Reporting and Analysis are all very important functions for any organization. So this project management software manages and maintains all these functions for the development of Construction Industry. By using this software your company’s productivity increases and at the same time your Company’s operating costs decreases. This software is used to make plans for projects and provide many new and different ideas and better concepts for clients. That means you provide more offer to your clients and this will definitely run your business more effectively, efficiently and quickly. This software is used to manage your resources also. By using this software your team will become more productive and you will be able to monitor your project at every stage and it reduces your paper work too. So this software has become necessity for all the companies who are involved in the construction industry.

Construction Industry Accounting & CPA Services in Houston TX

For years we have worked with all types of construction contractors… everything from commercial and residential general contractors, to subs like roofers, electricians, commercial plumbers, HVAC and utility contractors. You could say it’s in our blood.

You see, our founder’s (Jim Trippon CPA) father was a custom homebuilder, and Jim grew up pounding nails. In fact Jim could install 3 tab shingles and roof flashing before he ever got his first drivers license, let alone before he went to college to become a CPA.

We have found that very few CPAs have a passion for the construction industry. Most don’t even know that many of their contractor clients qualify for a special deduction to save them 6% on their federal income tax every year.

What we’re talking about is the Domestic Production Activities Deduction (which can be deducted using IRS Form 8903). This special deduction allows many construction contractors to deduct 6% of net income derived from qualified “production” activities. There are some limitations, but most construction contractors that do new construction projects can qualify.

There has never been a more crucial time for construction contractors to pay more attention to their tax preparation and tax accounting details. By reducing their tax liability, construction contractors can protect themselves against increasing taxes and income assessments by the IRS. Here are a few tips on how to effectively reduce your tax liability in the construction industry.

Maximize capital asset deductions. Recent tax laws have increased the fixed asset cost expense up to $250,000 for construction contractors. Construction contractors can take advantage of this deduction as long as less than $800,000 of the company’s assets are in service within the given year.

Capital Gains & Dividend tax rate increases. Under the current law, expect it to change with the new presidential administration, capital gains and dividend are taxed at 15%. This issue is something that you will definitely want to consult with your tax CPA. These tax rates are under close watch Congress and the presidential administration.

Tax Rebate. Most of the economic stimulus checks have been delivered. However, there are additional funds that may be available. The economic stimulus checks were actually an advance on the 2008 tax liabilities. The amount of each person’s check was based on income from 2007 & 2008. So if there was significant changes in income there may be additional rebate funds that are available.

Depreciation Deductions. Investments in equipment can be partially deducted in the first year of use. Contractors are allowed to deduct ½ of the cost investments made in a calendar year during the first year of use. Construction contractors can then depreciate the remaining half of the asset purchase over its normal useful life.

Beware of the “Kiddie Tax.” Since most construction contracting companies are family owned and operated, the kiddie tax has been extended to require excess unearned income of full-time students under 24 years of age, to be taxed as marginal income at the parent’s current tax rate. This may not apply if the student’s earnings equal ½ of their support. You will definitely want to consult with your tax CPA regarding retirement planning options and monetary gifts to avoid increasing your tax liability on dependents over 18 years of age.

If you would like to work with a CPA firm that understands the construction industry and will work hard to make sure you do not pay a penny more than you owe give us a call at 713-661-1040.

At Trippon & Company CPAs we use our 30 years of experience in construction industry to minimize your Federal tax liability. Call us at 713-661-1040 and put our experience at work for you TODAY!

Orange County, CA – Stanley, Morgan & Associates the premier debt collection giant principally located in Anaheim California has released a report citing the fact that over 30,000 construction jobs have been lost in 2010 due to the economy. In addition, Construction spending has dropped 22% causing alarm throughout the industry. Given these staggering statistics, its no wonder that the firm has taken great measures to radically change the outlook of struggling construction companies.

In a recent survey of over 1500 construction company small business owners over 62% of those polled have cited they considered filing for bankruptcy protection in 2010 due to inability to collect on their past due accounts. Of those 62% nearly half of them have set things in motion to close their doors before years end. Couple that with the fact that the number of residential units to be constructed in 2011 will be halved, the industry is in dire need of its own economic bail out.

Stanley, Morgan & Associates has partnered with major construction law attorneys to provide its clients with the resources needed to collection on their struggling collection portfolios. In addition, all existing employees have been trained vigorously trained on various construction and lien laws and have applied collection techniques specific to the construction industry.

Typical claims that Stanley, Morgan & Associates can assist you with in the construction field include Non-Payment, Construction lien foreclosures, Breach of implied warranty of workmanship, Breach of Implied warranty of constructability, Breach of implied warranty that the plans and specs are fit for an intended use, construction licensure on State and local levels, Wrongful Termination from construction projects, Abandonment of construction projects, Permits, claims of lien, bonds, DBPR complaints, bidding, delays, construction defects, contract preparation and negotiation, and construction injuries.

Construction corporations, once the bedrock of the American economy, are facing bankruptcy or extinction. Both industry and private citizens are seeking help, and enormous amounts of government expenditure are being legislated. Stanley, Morgan & Associates is taking a unique approach to assisting its construction clients in recovering on their past due accounts and strongly urges the placement of accounts over bankruptcy.

If you are a small or mid-sized construction outfit, consider placing you accounts with Stanley, Morgan & Associates.

For more information about Stanley, Morgan & Associates please visit them on the web at www.stanleymorgan.org

Source:
http://www.1888pressrelease.com/stanley-morgan-associates-works-to-support-construction-in-pr-250986.html

www.shcri.com — In recent years, since enterprises have gradually improved their awareness levels of the financial leasing, the functions of the financial leasing market have been perfect and Chinese construction machinery financial leasing industry has entered a new stage of rapid development. Especially in the background of the financial crisis, Chinese government has adopted the policy to positively expand demands of the domestic market, which brings opportunities to the rapid development of the construction machinery financial leasing industry. But on the other hand, compared with mature financial leasing markets in developed countries, Chinese construction machinery financial leasing industry is still in the primary stage of development. Therefore, the market penetration rate is very low, which is only about 8%. According to the statics of China Research and Intelligence, in 2008, the market scale of Chinese construction machinery financial leasing market is only about 3 billion USD. The statistics reveals that Caterpillar’s the largest construction machinery producer in the world whose sales amount accounts for over 60% of the  global sales amount and over 80% of its sales amount in developed areas is dealt in the financial leasing.

The penetration rate of Chinese domestic construction machinery financial leasing is estimated to increase year by year. It is estimated that in 2010, it will be 12% and in 2015, it will reach 25%. The market scale will reach 20 billion USD. Thus, Chinese construction machinery financial leasing has a large development space.

For those construction machinery enterprises with large scales and sufficient cash flows, setting up their own financial leasing companies means significantly. Especially in the background of the financial crisis, bank mortgage amounts can not satisfy the sales demands of quite a few construction machinery enterprises. As a new sales model, to some degree, the financial leasing makes up for this demand. Just because of this, the sales model of the financial leasing has gained the attention of manufacturers and becomes the new choice for many large construction machinery enterprises home and abroad which hope to defend the market beat and the policy impact.

When economy is prosperous, bank credit policy is loose, and the financial leasing can fully play its function of corporate finance to promote the flourish development of economy. When economy is in depression, the financial leasing not only plays a role of a cardiotonic but also plays its role of promotion. It pushes forward investment and consumption, stimulates the economic development and pours fresh blood into the economic development. The financial leasing is an effective way to simulate investment and overcome the reduction in investment. To some degree, it can avoid being influenced by the fluctuation of national monetary policies. It plays a positive role in the stable development of enterprises and the sustained and stable growth of state economy. Moreover, the financial leasing has the function of accelerating depreciation. After a contract expires, part of leasing equipment will be absolutely overhauled in the second-hand market, which objectively promotes the development of remanufacturing and supports the cyclic development of the construction machinery industry.

For its objects, the financial leasing has a unique advantage in promoting the development of medium and small enterprises. In China, the standard of commercial bank loans in recent years is comparatively high, which not only avoides bank risks but also blocks the development demands of medium and small clients. The combination of the financial leasing provides medium or small enterprises with medium and long term loans. In the process of the financial leasing, the ownership of equipment belongs to a lessor, but the use right and the usufruct belong to a leaseholder. The current Chinese accounting system stipulates that leasing assets can be incorporated into a leasee company’s fixed assets to extract depreciation. For quite a number of medium and small construction enterprises, this feature can solve the problem of being classified as enterprises with insufficient quality for the lack of sufficient equipment (fixed assets). And successful bids of projects will not be affected. Moreover, a variety of business released by financial leasing companies can forcefully support medium and small companies to enter the market competition. For example, sale leaseback can help construction enterprises purchase the equipment tenders required in the process of bidding. That is to sell a company’s equipment at scrap value (which doesn’t take part in the construction tender) to financial leasing companies. Besides, it raises funds to buy the equipment required in the tender and rent the equipment which has been sold to the financial companies. The business has been comparatively mature overseas. Enterprises change physicochemical capital into money capital through sale leaseback. The business doesn’t affect enterprises to go on using property and keep the capital fluidity.

For construction machinery enterprises, the financial leasing has 4 functions as financing, promotion, investment and assets management. Among them, financing and promotion are the most important. Especially in the current stage of the national macro-control and the credit crunch, on one hand, the financial leasing can provide parent companies with financial services by adopting rental instead of selling. It not only avoids the over-reliance on bank credit, but also avoids the unsmooth intermediate links caused by too many stocks, which helps accelerate the flow of enterprise capital. On the other hand, the financial leasing can enlarge the market of parent companies’ products and strengthen the market competitiveness. Meanwhile, as the parent company of a financial leasing company, a manufacture enterprise can occupy partial profits of bank interests.

The overall prospect of Chinese construction machinery financial leasing industry is good. But according to the statistics of China Research and Intelligence in July of 2009, the operational status of every enterprise in Chinese construction machinery financial leasing industry is not the same. Some enterprises like Caterpillar, the international giant in the construction machinery industry, take many preferential measures in Chinese construction machinery financial leasing industry in 2009: before 2009, their financial leasing business required 5% of deposit; after entering 2009, the margin-free policy is carried out; the commission charge is canceled; 1-year construction machinery insurance is offered to their clients in the financial leasing business. Therefore, their business develops prosperously.

However, in some companies, the procedures for the financial leasing business are complex and the total leasing costs are higher than bank mortgages after the total. Thus their financial leasing business in Chinese construction machinery financial leasing industry has declined or even been canceled. The bank mortgage business replaces the market space left by the financial leasing business.

 

Source: China Research and Intelligence

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More information can be browsed:

http://www.shcri.com/reportdetail.asp?id=274

http://www.shcri.com/reportdetail.asp?id=216

 

Contacts:

Eileen Gu

Sales Manager

China Research and Intelligence

www.shcri.com

Email: eileen@shcri.com

TEL: 86-21-6852-1029 ext.601  

86-21-6150-9706

FAX: 86-21-6852-1029 ext.604

Financial leasing was introduced to China in the beginning of the 1980s. As Chinese market was still immature, the financial leasing was not carried out into a full play. But in recent years, with the booming development of Chinese domestic construction and the rapid marketization of the construction machinery, financial leasing has affected the construction machinery industry significantly. For those construction machinery manufacturers, financial leasing has four functions, namely financing, promotion, investment and asset management. Financing and promotion are the two most important functions. Especially under the present background of the financial crisis, the financial leasing can supply financial services for the parent companies in the form of leasing instead of selling. This has avoided the excessive dependence on bank credit as well as difficulties in circulation links because of too many stocks and speeded up the turnover of enterprise funds. On the other hand, financial leasing can expand the market of the parent companies and strengthen the mark competence. As the manufacturers of the parent financial leasing companies, they can also gain some profits from the bank interests. Consequently, more and more dealers have speeded up their steps to catch up with Chinese construction machinery financial leasing.

According to statistics, the world’s largest construction machinery manufacturers, America Caterpillar Company, deals with sales in the pattern of financial leasing in over 60% of the world and in over 80% of the developed areas. Its development pattern has been popular among many Chinese construction machinery companies in recent years. However, the financial leasing rate in Chinese construction machinery industry is only about 8% at present. It is estimated that the permeability of Caterpillar in Chinese construction machinery financial leasing market has reached 50%. Although this is lower than 80%, its proportion of the market in developed countries, it can reflect that the outlooks of Chinese construction machinery financial leasing market are quite promising.

Through this report, readers can acquire more information:

- Present situation of Chinese construction machinery financial leasing industry

- Factors affecting the development of Chinese construction machinery financial leasing industry

- Main foreign-funded enterprises in Chinese construction machinery financial leasing industry and their operation status

- Main local enterprises in Chinese construction machinery financial leasing industry and their operation status

- Predictions on the Development Tendency of Chinese construction machinery financial leasing industry

- Suggestions on the Development and Investment of Chinese construction machinery financial leasing market

The author recommends the following persons to buy this report:

- Construction machinery manufacturers

- Construction machinery dealers

- Construction machinery financial leasing enterprises

- Builders

- Investors concerning Chinese construction machinery financial leasing industry

- Research institutions concerning Chinese construction machinery financial leasing industry

- Other people concerning Chinese construction machinery financial leasing industry

 

Source: China Research and Intelligence

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More information can be browsed:

http://www.shcri.com/reportdetail.asp?id=341