Public works officials frequently need to decide whether to buy, rent, or lease equipment to build and maintain public assets. Tight budgets and shrinking cash reserves have made these decisions even more difficult — and critical. Owning equipment - and using cash reserves to pay for acquisitions -may not be the best strategy during this economic climate. "I don't see that there are any advantages to acquiring equipment with cash at this time," says George Macia, program manager, Americas, at Doosan Infracore Financial Solutions. "Municipalities need to keep as much of their cash as possible to invest in other projects or save for emergencies."
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