Walking Excavator Lease Agreement
When construction projects are occurring on difficult locations such as a slope or steep mountain, specialized equipment may need to be used to excavate the land.
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The operating house of the walking excavator sits on the leg or arm-like extensions that can climb a steep slope. Since this is a piece of construction equipment that may not have many uses, it's common for construction companies to lease or rent the equipment. The Walking Excavator Lease Agreement will outline lease terms between the construction company and the company leasing the heavy equipment. It will outline payment plans, insurance information, and other contract details. This can include information related to wear and tear, maintenance of components such as a hydraulic system, electronic control systems, and more. The lease agreement can be customized to include provisions such as a replacement of spare parts, ensuring the equipment is returned in working order, and ensuring any operator working on the equipment is properly trained.
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