The United States construction market comprises about 10% of the global market and is the second largest on the planet. It employs about seven million men and women around the country. This is a large and important industry for the American economy. Many companies who work in this industry opt to rent equipment rather than buy it. Here are some tips for having a better experience renting construction equipment:
Learn the absolute benefits to renting construction equipment.
Understand how renting equipment will help your bottom lime. In the short term, the decision to rent equipment will save your business money. If you are going to have the equipment for years and years, you probably do not need to rent equipment, you need to buy it as that is more cost effective. If you know you are only going to need a piece, or several pieces, of heavy equipment for a short amount of time, it is better to rent equipment rather than buy it. It just makes more financial sense.
You can avoid dealing with the maintenance of the heavy equipment. When you rent equipment, the company from whom you have rented it will take care of all of the maintenance on the equipment so you do not have to worry about it. Your focus can stay on the job you have to do. This is another want renting construction equipment will save you money. You do not have to spend anything keeping the equipment in tip top shape.
You can return it if it breaks down. From time to time, construction equipment breaks down. If you own it, you have to deal with having it repaired but if you are renting it, the rental company will come get it and give you a replacement. That means less down time for you and the project you are working on.
Read all of the fine print.
Before you sign your name to rent equipment, you need to know all of the policies and guidelines. Each company that rents construction equipment has its own rules and policies regarding their rentals. You need to get to know all of the policies and guidelines of the companies from whom you are considering renting equipment. You should get to know the rates that they charge, the maintenance and repair policies, what other fees they charge, what kind of liability insurance you need and what the policies for returns are.
Have a legal expert review your contract. Never go with a company that tries to pressure you to sign anything that you may not have the time to fully read. If you are dealing with reputable rental companies, they will not try to get you to sign anything without understanding it.
Think about how long you will need the construction equipment.
This is the most important factor in determining how much you will spend. Depending on the renter, you can pay for construction equipment by the hour, day, week or month. If you expect to have to rent a piece of equipment for a longer period of time, you should ask the company from whom you plan to rent equipment if they will give you some kind of discount. Sometimes people are reluctant to do this but they cannot say yes if you do not ask, so ask!
Try to be flexible.
When you set out to rent equipment, you may have an idea in your head about the manufacturer you want to get. This may not be possible and you may be better off going with a different manufacturer. It makes more sense to go with the best piece of construction equipment, even if it is a different manufacturer than the one you went out to rent initially. The rental company may have some suggestions for you. You should at least listen to what they have to say. They may have a better option than what you were going to go with. You may find that the piece of equipmet you orginally wanted is not actually the best for what you need to do.
Getting the right construction equipment can make all the difference in getting a job right. When you rent equipment, you can often get started sooner and do a better job for less.