How to Bid at Construction Equipment Auctions


In the earthwork business, the type of construction machinery used depends on the nature of the soil being worked and the type of work. The machines used include mechanical shovels and multibucket excavators, trench diggers, single-bucket loaders, and hydromechanization equipment. Vibration rollers and static road rollers with metal rolls and pneumatic tires are used to compact earth in embankments and materials in roadbeds. Excavating machines and machinery for carrying out preparatory work are used in road building. Specialized road machinery is used to prepare beds and surfaces for roads and airfields. Track machines are used in railroad construction to lay rails and ties, fill in ballast and straighten the tracks. Many types of drilling machines are used in operation when working rocky ground, extracting nonmetallic construction materials, earth boring, setting piles and others. There are many distinct types of heavy construction equipment you might need and each with its own set of uses.

Construction equipment can be categorized in to 4 main sections based on purpose and use, they are:
1.    Earth Moving equipment
2.    Construction vehicle
3.    Material Handling Equipment
4.    Construction Equipment

When you bid at the Construction Equipment Auctions, you need:
  • Eye Contact
Keeping eye contact with the auctioneer will establish your identity with them. It is important that wherever a person is standing, whether in the front or far in the back, to catch the attention of the auctioneer so when the time comes to actually place your bid on a particular item, the auctioneer is aware of you and your desire to bid, and that the auctioneer is able to easily acknowledge your bid.

  • Staying Connected
Once the event begins, and identity has been established with the bidder and the auctioneer or ringman, it is important to maintain that connection. This way communication can continue by using a hand gesture or the raising of a bidding catalog; the auctioneer will return to bidder who have engaged with him, as bids increases. All that needs to be done is use that same gesture to place your bids.

  • Bidding Timing
The best time to make an initial offer is about midway through heavy construction equipment auctions which allows adequate time to follow the process while deciding whether to quit or continue to pursue an item. In a situation where you have any doubt about purchasing a unit, it is best not to participate from the beginning, especially if a large number of participants are interested in that same item.

More often, participants feel pressure to continue bidding when an auctioneer keeps coming back to them and yet have reached a maximum budget. When you reach your maximum bid, then you need to stop bidding. Do not be frustrated if your budget is not on the right line. In every construction equipment auctions, you need a quick decision that must be made in this unique type of sales venue. Bidding moves at a very rapid pace and spontaneous decisions must be made. Knowing ahead of time the degree of interest in a particular item as well as the budget for such a purchase will tend to make a spontaneous bidding decision much more accurate. It is certain that the auctioneer is not going to stop the bidding process for an individual participant to make up their mind.

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