Construction equipment rental has become popular over the years. In fact, equipment rental has increased by as much as 925 percent for compact truck loaders. In general, rental businesses can be a potentially large business in the succeeding years.
It is a more practical choice, especially among industrial clients. One reason why a lot of companies rent instead of purchase new equipment is due to the latter’s increasing prices. Along with an unpredictable economy, more and more companies opt for ways to save on expensive equipment costs.
Many construction rental companies offer various equipment for rent such as excavators, forklifts, and roller compactor among a few. Renting can help save many companies extra cash. At the same time, it can ensure smooth-running operations for businesses.
Advantages of construction equipment rental
Renting equipment can be a more practical choice than buying a new one. However, some companies may not feel confident to rent equipment to supplement their operations. Is it more cost-effective than buying new equipment? Better yet, is renting equipment a better decision for the company?
On the other hand, there are different reasons companies might want to consider renting equipment.
Saves on transportation and logistics costs
Transporting company machinery from one site to another can be costly. Waiting for the equipment to arrive on the work site can also affect the project’s efficiency and productivity. You can avoid these backlogs by renting equipment instead.
Saves storage space
Renting construction equipment can help you save from possible storage issues. For one thing, construction equipment should be stored in a suitable area to protect against harsh elements.
Plus, renting a storage space can incur additional cost for the construction company. You won’t experience these with equipment rental.
Rent only when there’s a need
By renting only what is needed, the company can be more efficient and productive. Logistical delays are most unlikely in construction equipment rentals.
Lower repair and maintenance costs
Renting equipment can lower equipment maintenance and repair costs. On the contrary, owning industrial equipment means additional expenses for repair and maintenance. In other words, you can save more when you rent equipment versus owning one.
What to look for in a construction equipment rental company
There are many construction equipment rental companies. However, it is important to do some industry research for the best options out there. Here are some factors to look for in an equipment rental company.
High-quality and updated equipment
The rental company should invest in the equipment they can lease for its clients. After all, high-quality equipment is the heart of their business and makes their business run.
Excellent customer service
Check out feedback from their previous clients online or in person. An ideal rental company should be able to establish a good working relationship with their clients.
As much as possible, they should also be available for concerns 24/7. This important trait can translate to their business and land more clients in the future.
Ideally, you should choose a company that is within your proximity. This is to avoid logistic hassles and ensure fewer, if none, of crucial project delays.
Training and maintenance
Does the rental company offer training in handling the equipment? Are the personnel well-trained in handling the tools? More importantly, how often do they maintain their equipment? These are questions you need to consider as well.
Renting construction equipment can be a better option than buying new ones. It is practical and improves a company’s productivity and efficiency. Just make sure to choose a reliable construction equipment rental company.