5 Tips To Renting Construction Equipment For The First Time

On May 24, 2018 by Himanshu

Renting construction equipment is without a doubt one of the cheapest ways to work on a construction project, owing to the fact that purchasing this equipment is a capital-intensive decision to make.

The availability of this construction equipment on a rental basis is a huge plus for you. You may be worried, however, about what to keep in mind and look out for when renting especially if it’s the first time you’re doing it. Well, here are 5 tips to guide you:

  1. Repair and Maintenance Costs

Volvo EC250 Rental Equipment

Construction equipment needs maintenance and repair done on it every now and then for it to operate effectively. When renting this equipment for your construction project, the costs associated with repair and maintenance are on the lower side since the equipment is leased to you in perfect condition.

Keep in mind that simple maintenance checks such as oil, water, battery, grease as well as cleaning are all your responsibility to do when the equipment is in your custody during the lease period. However, if you do damage the equipment, you will have to cater for all the repairs that need to be done.

  1. Equipment Storage

John Deere 17D Mini Excavator Rental

Storage of construction equipment is a major factor to consider. For the owner of the equipment, storage space is of utmost importance. They have to hire warehouses or other storage spaces that will house the equipment well away from any harsh conditions that may affect and depreciate the equipment’s value. These storage spaces can be quite costly.

When renting the equipment, you need not worry so much about storage. The equipment can be stored on the construction site for the time that you’re working with it and once the work is done, it can always be returned back to the rental company.

  1. Project Specific Equipment

CAT 224DL Excavator Rentals

For a construction project, different equipment performs different roles. It is of utmost importance that you are fully aware of which equipment to rent for the specific work that you want to be done. Being familiar with the different equipment types and what they do is important to avoid leasing the wrong equipment.

Be clear with the leasing company of what specifically you need to be done and they will advise you appropriately on which equipment to lease from them.

  1. Rental Policies And Guidelines

Construction equipment rental companies have predefined rules and regulations regarding how their equipment is to be handled when it is leased out to a client. Operation and handling guidelines for the equipment, payment and refund policies among other regulations are all important factors you should take into consideration and be fully aware of before signing a rental contract.

  1. Budget And Time

Mini Excavator Operator

Renting construction equipment is totally dependent on the time that you intend to have it in your custody for your construction project as well as the amount of money you are willing to invest in order to lease it for that period of time. Rental companies charge their clients on an hourly, daily, weekly, or monthly basis.

Ensure that you are well versed with the costs involved and the payment modules available and align these with your current budget and time requirements.

Conclusion

Renting construction equipment is much more advantageous than purchasing it. If you’re just starting off or are already running your construction project, consider checking out these amazing Earth Moving Equipment Rental offers for your project.

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