If you are in the construction industry, you understand that you need the right type of equipment to stay competitive. Buying the right kind of equipment can eat into your profits, especially if you must keep abreast with technological advancements. Fortunately, you can hire any equipment you need. Why should you consider opting for construction equipment hire?
No Heavy Upfront Investment
Construction equipment is expensive. While you would own what you buy, your money would be tied up until you sell the machine in question. Understand that second-hand machines would attract lower prices. Finding a buyer would also be a challenge. If you are a startup, you might not have much to spend upfront. Spending all you have on machinery might also mean disappointment later if things do not turn out as you anticipated. Hiring equipment such as compactors can be very convenient.
No Ongoing Costs
Your machines will need maintenance to operate at optimal efficiency. Unless you are a mechanic, you will have to hire a team to service and maintain them. This will mean extra expenses. You will also need to pay for storage and transportation. Since such equipment will need unique storage, it will cost you more. Rental saves you maintenance, storage, and transportation from site to site. Understand that you will have to pay taxes as well. While taxes depreciate over the lifetime of the machines, they are expenses. Hence, you can save money by hiring equipment.
A Competitive Edge
If you are a startup, you will be competing with full-fledged contractors. Such companies have the best, newest construction equipment. They also have the right pieces of equipment for all types of jobs. Convincing clients to pick you over established companies will be a challenge if you lack the right stuff. Hiring gives you access to all the equipment you need, including the latest types of the same.
Cost is not the only thing to worry about regarding maintaining your equipment. You will still need to commit time to the exercise. If you have a tight schedule, finding enough time to invest in fluid checks, testing, maintenance, and plans will be a challenge. While rented equipment will still require maintenance, it will be someone else’s responsibility. Since rental companies offer round-the-clock support, you will not have to worry about downtime after a machine breakdown.
Compliance can be a nightmare. Most states have stringent compliance regulations, especially regarding emissions. These regulations also evolve constantly, which makes tracking them an uphill task. Non-compliance risks having your off-road equipment impounded, which can mean inconveniences and losses. Violating the regulations will also paint a bad image of your company. Equipment rental companies have a reputation to maintain, so they keep their equipment compliant.
Understand that you can only enjoy the benefits of renting equipment if you work with the right company. Checking the reputation of a potential company before contacting it is crucial. If you need boom lifts, excavators, skid-steer loaders, and compactors for hire, an equipment rental company that can supply all will be a good choice.