Have you been tasked to decommission the old equipment at a maximum price? With no such service provider in your sight, the process might seem overwhelming. If you are looking for what and how to do, you are at the right place. Guiding you through the intricacies of the two processes, we aim to inform you of all the benefits it encompasses. It is to ensure you don’t remain deprived of profits and get the best returns based on the usage of equipment. 

Begin learning about decommissioning services and asset recovery solutions and their benefits here. 

What Are Decommissioning and Asset Recovery Services? 

For industries or businesses changing their setup, the machines and equipment need to be disposed of, retired or processed to reclaim the value. While decommissioning includes effective disabling and removal of the equipment, asset recovery aims at receiving the maximum possible value based on the condition of the equipment.  

Process of Decommissioning 

The decommissioning requires carefully following the three steps sequentially. They are elaborated as follows: 

Site Visit

The hired professionals need to perform thorough inspections to understand the equipment. They need to know the key details about it through available documents and instruction manuals. They will also look for the details like: 

  • Equipment model and associated details 
  • Electric and power connections, wirings and sources 
  • Tanks and containers for fuel, oil, coolant and any other liquid 
  • Data sourcing equipment 
  • Location where equipment is placed 

Further, they also decide about the available labor power and outsourcing requirements to carry out the overall process. 

Preparing for Removal  

The collected information needs to be used to make an effective plan for safe and unharmed removal of the product. They will arrange the required equipment and human resources for the seamless carrying of the process. The equipment that might be required includes a forklift, overhead crane or others and the method of shipping the product. The process also includes ensuring compliance with health, legal and environmental regulations. 

Generator Removal 

The generator removal process will be carried out based on the customized plan curated through the collected data. It is a short-step process that begins by carefully focusing on the disconnection of the equipment from the power sources and the electrical connections. It then follows clearing the hazardous liquids, updating breaker panel labels and reconnecting the power to the available energy source. 

Process of Asset Recovery 

Asset recovery is a few-step process that goes in the following flow: 

Recognition and Categorization 

Industries or businesses must first identify the assets that need to be replaced or sold. Post recognition, they need to categorize the products into capital assets or non-capital surplus. 

Taking the Action 

Further, decisions need to be made about what actually has to be done. Is it to be replaced, repaired, relocated to other locations, recycled, donated, sold, scrapped or disposed of? Based on the condition of the equipment, appropriate action must be chosen to obtain the effective value. 

Choosing the Service Provider 

There are multiple asset recovery service providers. You need to choose the perfect one that suits your needs.  The decision can be made easily by focusing on the years of experience the providers have, the type of professionals their team includes, their certifications and the online reviews about them.

 

Diesel Generator 1

Benefits of Decommissioning and Asset Recovery Services

The process might seem cost-intensive, but on the contrary, it offers better returns. Here is how: 

  • Helps you get accurate and quick recovery of the working capital 
  • Reduces expenses by covering all the equipment and power handling costs 
  • Reduces environmental, health and legal risks and damages by ensuring compliance with regulatory standards 
  • Maximizes asset recovery and accelerates the process by swiftly outsourcing the required resources 

Maximize Asset Recovery with Mid-America Engine 

The decommissioning and asset recovery process might look tedious if done by oneself. Further, there is a chance of not gaining the maximum possible value. Ensuring the seamless occurrence of the complete process in a hassle-free manner, Mid-America Engine offers you the solution. With over 30 years of experience in the industry, we know what it takes to do with minimal investment. Our professional team is expert in their field. Get in touch now! 

Common Questions About Decommissioning And Asset Recovery Solutions

Q1. What factors decide the value of the generator?

Multiple factors influence the asset value of the generator. It includes its size, capacity, year of manufacture, brand, remaining hours and the external condition of the generator and engine. 

Q2. To what types of industries does Mid-America Engine provide asset recovery services? 

The Mid-America Engine offers decommissioning services and asset recovery to multiple types of industries like business and data centers, airports, hospitals and manufacturing plants. 

Q3. Which generators offer quality prices during asset recovery? 

The generators belonging to top brands like Kohler, Caterpillar, Cummins and so on offer high value. However, it is just a factor among many other critical deciding factors in determining the asset recovery value. 

Q4. Does Mid-America Engine buy residential generators? 

No, our services are available for industries only. 

Q5. Does Mid-America Engine offer repair services? 

Yes, our expert team applies their knowledge and experience to offer generator repair services.

Q6. Does Mid-America Engine also buy the equipment to be decommissioned? 

Yes, we do accept the to-be or presently decommissioned generators. Connect with us now by filling in the details on our form to discuss this further. Additionally, we offer trade-in and joint venture services. 

Q7. Which parts of the world does Mid-America Engine serve? 

Our services are expanded across the globe. We have completed projects in the United States and international places like Russia, Iraq, Canada, Jamaica, Chile and others. 

Q8. In what generator products does Mid-America Engine deal with? 

We deal with both used and new diesel and natural gas generators along with generator ends.