For several decades now, countries around the world have consciously worked on building infrastructure. One cannot ignore the importance of Infrastructural growth. Afterall, roads, water systems, power plants, telecommunications and other such industries are the very foundations of economic progress. For example, when a government funds the construction of a power plant, it generates direct employment and, in the long run, creates a base of jobs that offer opportunities for related industries to flourish.
Whether it is the setting up of industries, building airports, or road systems all of these enterprises require heavy machinery and advanced machine tools. So when governments work on town/ city planning they consider practically everything from the cost of and availability of labour, machine tools, heavy machinery etc. That is where the role of a construction equipment company comes in.
Things to consider when engaging with a construction equipment rental company
What kind of equipment does the company offer? How is it maintained? When will a particular piece of equipment be available and how much equipment does the company have in inventory? All of these questions should be considered when choosing an equipment rental company.
Job location and longevity
Whenever a construction company wins the bid for a job, there will be equipment needed that the construction company does not own, such as heavy machinery and certain tools. Investing large amounts on machinery like tractors, tip trucks, pavers, loaders and forklifts makes little sense when a job may be located hundreds of miles from the company offices. So the best way to handle the situation is to rent construction equipment.
Why contract with an equipment sales and rental company?
Avoid Making Unnecessary Capital Deals
Most companies prefer to rent machinery instead of buying them outright in order to avoid making huge capital investments. The upkeep and maintenance, not to mention insurance and travel expenses when hauling large equipment over long distances, also has to be considered in the overall cost.
Safeguard against breakdowns
Heavy construction equipment and machine tools require heavy duty maintenance and lot of investment; which is unnecessary because it doesn’t make sense to spend that kind of money on tools that will not be of used after the construction job has been completed. Besides complicated heavy tools get damaged and are prone to breakdowns. Such situations can cause unnecessary financial loss. So it is easier to rent equipment. The company that rents out machinery also takes responsibility for maintenance, repair and task completion.
When organizations make a practice of renting construction equipment, they also create a need for companies that deal exclusively in rental equipment.
Cost of Ownership versus Cost of renting
It is much easier to rent heavy duty equipment because you’ll end up paying a lot less. Basically, it is a more cost-effective solution. Afterall, a company should concentrate on investing its capital on the core business. Ownership is not simply about purchasing equipment, it also entails spending on insurance, maintenance, government licenses and operating expenses.
Whether company rents or purchases heavy equipment machinery they have to pay for fuel and transportation.
The above mentioned are a few reasons why we contract construction equipment companies.