When it comes to a construction project, profit is everything. You want to minimize cost in every way you can so that your job is as lucrative as possible, but you also want to make sure everything runs smoothly. It can be hard to juggle this at times. Renting construction equipment instead of making a purchase can save you a ton of money depending on your situation. It is also safe and usually gives you the advantage of using the newest equipment on the market. Here are some tips for getting the most out of your rentals.
Make sure to study up on the rental policies. Most rental companies handle both the insurance and the transportation. This eliminates a lot of work on your end, and also means you don’t have to break the bank on insurance policies. Maintenance is usually covered in these policies as well. Rental companies normally will either send a technician to repair a malfunctioning piece of equipment, or they will just replace the piece of equipment. Maintenance is usually free of charge, adding no additional fees to your rental. All of this will be detailed out in the policies, so it is important that you read these in case you have a maintenance emergency. You should also make sure you know who to contact in case of emergency.
Another tip to consider—know what you are looking for. If you go to rent equipment without knowing exactly what kind of boom lift, telehandler, or other piece of equipment you need, chances are you will return with the wrong thing. It is important to know specifics like the required height, length, weight, etc that your machinery needs to reach. If you know exactly what you need, not only will your chances of getting what you need increase, the process will also take a lot less time.
If you make your rental plan time efficient, you will save a lot of money. Map out the days you will need the equipment. Group them as much as possible. This way, you never pay for a piece of equipment that is collecting dust.
Many rental companies also have training programs for their customers. Make sure to ask about these, as well as any special rates or benefits. The training programs are great because they ensure you know exactly what you are doing when you handle the equipment. Sometimes newer equipment has newer features that cannot be utilized by those who do not know about them in advance. Learning about the equipment in depth will make your job more efficient. If you are already experienced with the equipment, you can let an employee who is not yet experienced take your place. This way, they will also learn.
Buying construction equipment is sometimes necessary, but not always. Once you’re certain that you have the work in place to offset the cost of purchasing then you have the potential to save a lot of money. It’s best to reflect on the history of your business to know if purchasing equipment is the right option. Call us for more information about renting or purchasing your next piece of construction equipment like boom lifts, telehandlers, scissor lifts and much more.