Construction firms need access to heavy equipment in order to complete major projects. There are two options available to your firm when it comes to sourcing heavy machinery: rent or buy.
More and more construction firms are opting to rent their equipment and for good reason. Renting can provide you with a number of benefits that purchasing cannot.
Before you purchase new equipment for an upcoming project, consider the ways renting can contribute to the success of your construction firm over time.
1. Reduce Overhead Costs
The construction industry has become more project-based over the years. This means that your firm will be called upon to complete highly specific and specialized construction tasks when you take on a new project.
The equipment needed to complete one project can be dramatically different from the equipment needed for a future project. Renting your heavy machinery can reduce overhead costs by allowing you to access only the equipment needed for a current project.
You won't have to store your equipment or worry about depreciation when you rent, and this can reduce your operating costs to help make your construction firm more profitable in the future.
2. Test-Drive Equipment
There are certain pieces of heavy machinery that your construction firm will want to invest in. A backhoe, a bulldozer, and a skid steer are common machines that can perform a variety of tasks on a construction site.
Purchasing one of these machines might make sense for your firm, but it can be difficult to determine which make and model is best suited to meet your needs. This is where renting heavy-duty equipment can be beneficial.
You can pay a nominal fee to rent several different pieces of equipment while working on a project. This allows you to essentially take heavy equipment for a test-drive before making a purchase.
Heavy-duty equipment rental can be a great way to identify the machine that you like best so you can avoid spending a lot of money on a machine that doesn't meet your needs.
3. Eliminate Maintenance Costs
Heavy machinery can only function safely and effectively when maintained properly. The costs associated with maintaining heavy-duty equipment can be significant. Renting your equipment allows you to completely eliminate maintenance costs from your operating budget.
The rental company is responsible for performing all routine maintenance and keeping heavy machinery in working order. All you have to do is pick up your machinery, operate equipment safely while working on a construction project, then return the machinery when your project is complete.
Your construction firm will not have to sacrifice access to reliable equipment in order to eliminate maintenance costs when you partner with a heavy-duty equipment rental company.
4. Upgrade With Ease
As technology evolves and new equipment is being developed by manufacturers, you may find your construction firm wants to upgrade its equipment. If you own your heavy machinery, upgrading can be a costly and time-consuming process. Upgrades become simple when your firm opts to rent its heavy-duty equipment.
Rental companies know that their clients want access to the best possible equipment, so they will often invest in new machines as they are released from the manufacturer. All your firm has to do to upgrade is request a newer model when making a rental reservation.
You will be able to provide your own clients with the highest quality work on future projects by taking advantage of the easy access to upgrades renting your equipment provides.
When it comes to your construction firm's access to heavy machinery, renting instead of buying makes a lot of sense. Consider the ways that your firm can benefit from heavy-duty equipment rental as you take on new construction projects in the future.