Underground Tunnel Boring Machine Lease Agreement
Tunnel Boring machines are important tools when cutting into rocks for digging tunnels for a road or for mining.
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This excavation equipment is primarily used for drilling through strong ground surface material, but it does have a wide range of uses across many industries. This equipment gets a tremendous amount of wear and tear as it drills through rock and other material, so construction and mining companies often opt to lease the tunneling equipment. This allows them to be able to use the equipment at will, and after the lease term is over, they can either upgrade the equipment or purchase it from the leasing company. The Underground Tunnel Boring Machine Lease Agreement app should be used by the lessor and lessee to agree to lease terms including maintenance, parts and service, number of years in the lease, payment structure and insurance.
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