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CBO Editorial Staff

  • Resources

    Fecon Inc. Announces Komatsu Equipment Company as Dealer

    LEBANON, OHIO (January 31, 2013) – Fecon proudly announces Komatsu Equipment Company as a stocking dealer and service, parts provider in Utah, Wyoming and much of Nevada. Komatsu Equipment Co. is stocking BH80EXC Mulchers mounted on Komatsu PC200 Excavators, FTX100LGP Tracked Carriers, BH74SSV Skid Steer Mulchers, FBS 1500 Bunching Tree Shears and the Rotating Front Grapple for Skid Steers as well as teeth and parts to support the attachments and machines. They have also added machines and attachments to their rental fleet. “I’m very excited that Komatsu Equipment Company has partnered with Fecon. It is an excellent match of complimentary products and company philosophies regarding quality and service.” Regional Manager Mark Ferguson Fecon and Komatsu Equipment Co. will be a great team, together fulfilling the...

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  • Resources

    Equipment Lease Finance Industry Confidence Increases in January

    Washington, DC, (January 23, 2013) –  The Equipment Leasing & Finance Foundation (the Foundation) releases the January 2013 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $725 billion equipment finance sector. Overall, confidence in the equipment finance market is 54.2, an increase from the December index of 48.5, reflecting industry participants’ improved outlook amid ongoing concerns with economic conditions and management of fiscal issues.  When asked about the outlook for the future, MCI survey respondent Valerie Hayes Jester, President, Brandywine Capital Associates, Inc., said, “We are still optimistic long term. My concerns are for the...

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    ConsensusDocs Releases a New Agreement for Design Professionals Amid 15 Percent Increase in Use in 2012

    WASHINGTON, D.C. (January 22, 2013) – ConsensusDocs is releasin its first standard agreement for a lead architect or engineer to subcontract certain design work to other design professionals and consultants. The agreement makes it easier for architects, engineers to contract with other consultants providing a portion of design services work. In light of increasing design collaboration to achieve green design and through tools like building information modeling (BIM), this is an important document to round out the family of standard contract documents offered by ConsensusDocs. Now design professionals can utilize a consensus industry-approved document that allocates risk fairly between the “in responsible” design professional and its consultants. “This document addresses risk consistently with the prime agreement, while addressing particular concerns attendant to the relationships between...

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  • Resources

    Sumitomo to Make Additional Investment in Sunstate Equipment Co., LLC

    (January 15, 2013) – Sumitomo Corporation (Head Office: Chuo-ku, Tokyo; President and CEO: Kuniharu Nakamura; hereinafter, “Sumitomo”), through its 100 percent subsidiary, SMS International Corporation, has acquired controlling interest of Sunstate Equipment Co., LLC (Head office: Phoenix, Arizona; Chairman;Michael Watts; hereinafter, “Sunstate”) by increasing its ownership of Common Membership Interest to 80 percent.  Sunstate is one of the major equipment rental companies in the United States, with branch locations in nine states primarily in the southwestern US.  Sumitomo made the original investment in Sunstate’s Convertible Preferred Interest in 2009 at the time when the US construction equipment rental industry was undergoing a severe downturn that started after the financial crisis, because Sumitomo was convinced that industry was poised for a the long-term growth. Since the...

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