In the past, renting construction equipment was not quite as popular as it is now. As a matter of fact, in 1983 the industry was worth 1.1 billion dollars. In 1993 it was worth $11.2 billion. Now, the business is up to 22 billion dollars. Back when the industry was small and dry, there was not much pressure on construction equipment rental companies to update their equipment often. It was usually old, and old equipment can be dangerous.
It is hard for construction companies to say goodbye to a dying piece of equipment. Even if you know it is dangerous to use, it is still difficult to kiss your investment ggoodbye The same goes for a rental company. It is difficult to say goodbye to their fleet, especially when they will have to turn around and buy an entire new fleet. Today, most rental companies realize how necessary it is to update their equipment fleets often, which means the dangers of using old equipment are normally no longer a fear.
If you use old construction equipment, there are many risks. First of all, it hinders progress. If a machine is broken, work is not able to be done and employees are being paid to stand around. This is not good for job productivity. Money is wasted for each second that the project is delayed. Management of the job site almost always has to be involved with overseeing the repairs, which removes them from their busy schedule and leaves the team unsupervised.
Frequent malfunctions of equipment frustrate and demoralizes employees. This usually causes problems down the line in the project.
You could be faced with paying for the repairs, depending on the rental company’s policy. This can put a dent in the projects budget. Clients become frustrated when they do not see progress. They do not like to see the project delayed because equipment is being repaired. Clients want reliable contractors. If they see you constantly battling old, broken down equipment, you will not be reliable in their eyes.
Even with the ailments of old and broken equipment aside, new equipment is better for the job. Improvements make the machine safer, more comfortable, and likely more productive. Fuel efficiency is one major improvement that renting new construction equipment really lets you take advantage of.
Old equipment that leaks oil and looks broken from wear and tear will say something about the logos on your job site. It will change people’s perspective on your company. This could affect the jobs you get or lose in the future. You should advertise your company well by keeping your job site looking nice.
Old equipment gets more dangerous with age. New technologies have made new equipment safer for your crew. Combined with the fact that old equipment is inherently more dangerous due to malfunctions, new equipment is designed to be safer. This will help keep your employees from getting hurt. Injury or any catastrophe on the job site will slow you down. You want everything working like a well-oiled machine so your business runs smoothly. Rent the latest construction equipment and stay more profitable.