Renting construction equipment is, without a doubt, one of the cheapest ways to work on a construction project because 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. However, you may be worried 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 five tips to guide you:
Repair And Maintenance Costs
Construction equipment needs maintenance and repair done on it 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 for oil, leaks, water, battery, grease, and cleaning are your responsibility while the equipment is in your custody during the lease period. However, if you damage the equipment, you will have to cater to all the repairs that need to be done.
Storage of construction equipment is a significant 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 you’re working with it, and once the work is done, it can always be returned to the rental company.
Project Specific Equipment
For a construction project, different equipment performs different roles. It is of utmost importance that you know which equipment to rent for the specific work you want to be done. Being familiar with the different equipment types and what they do is essential to avoid leasing the wrong equipment.
Be clear with the leasing company of what you need to be done, and they will advise you appropriately on which equipment to lease from them.
Rental Policies And Guidelines
Construction equipment rental companies have predefined rules and regulations regarding how their equipment is handled when 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.
Budget And Time
Renting construction equipment depends on the time you intend to have it in your custody for your construction project and the amount of money you are willing to invest in leasing it for that period. 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.
Renting construction equipment is much more advantageous than purchasing it. If you’re starting or are already running your construction project, consider checking out these fantastic Earth Moving Equipment Rental offers for your project.