Photo Courtesy of Richie Bros. Auctioneers The gavel pounded for internet bidders at the Florida equipment auction. Related Links: Equipment Dealers Jump Into the Auction Market IronPlanet Wins Auction Lawsuit Against Ritchie Bros. Hammer Time at Richie Bros. Auction Nearly a third of the $176-million gross sales at last month's Ritchie Bros. Orlando auction went to internet bidders, setting a new company record. "Prices were strong for the smaller heavy construction items as well as one of the nicest selections of cranes that we've ever sold in our yard here in Orlando," says Steve Kriebel, regional sales manager for the
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.