10 Benefits of Rental Equipment

 

If you’ve got big projects on the go, it’s necessary to have access to the right equipment for the job. For construction works, bcollaborating with top-quality equipment rentals, you’ll avail of the top-of-the-line equipment so you can get contracts done quicker and smarter.  

The benefits of the best rental equipment in California are as follows- 

 

1. ZERO REPAIR COSTS 

 

Contractorsrelying on dependable, well-serviced heavy equipment rentals aren’t responsible for repairs and maintenance that all heavy equipment needs to stay in top condition. 

Owning your construction equipment provides a capital asset for your business, but has the added headache of repair and maintenance costs to extend the equipment’s life cycle.  

If you decide to rent equipment from the equipment rental companies in California, you’ll avoid some of the following costs- 

 

  • Leasing or purchasing workshop space for repairs and maintenance 

  • Purchasing tools and equipment for repairs and maintenance 

  • Sourcing and buying machine parts and stocking parts inventory 

  • Covering technician labor expenses 

  • Funding emergency repairs from unexpected equipment breakdowns 

  • Managing equipment records, including hours of operation, wear and tear and parts replacements 

  • Scheduling and coordinating ongoing preventive maintenance 

 

2. DECREASE DISPOSAL COSTS 

 

Another long-term benefit of heavy equipment rental is that contractors who rent their equipment need not have to bother about disposal and resale costs. Renting equipment gives contractors peace of mind as they aren’t responsible for the maintenance of the machine’s value.  Contractors who rent equipment don’t feel the pressure of having to sell off machines when market conditions fluctuate. 

Renting equipment can help to avoid the constraint of long-term commitments in few cases. By collaborating with the right rental provider, you’ll always avail of well-maintained equipment, even for short-term use only. 

 

3. FLEXIBILITY TO SUPPORT YOUR DEMAND 

 

Experienced contractors are aware that no two jobs are the same and each has unique necessities, whether it’s in project scale or specific scope details. For this reason, having the flexibility to source the correct equipment for a specific job whenever you require it is a huge asset. 

If you ever face equipment shortages for any reason, you know how beneficial it is to have the ability to fill in gaps on short notice. This kind of flexibility is becoming increasingly more desirable. 

Collaborating with the right supplier ensures you avail the flexibility you require to finish the job with the most efficient equipment available.  

 

4. REDUCE YOUR EQUIPMENT FLEET 

 

Contracting businesses gradually evolve. Many contractors begin by providing a select few services, many eventually grow to offer additional works. Many companies make the jump from residential to commercial and eventually into industrial contracts. This type of growth is excellent for companies, subcontractors and suppliers alike. 

Having the option to rent equipment gives you many more options without the need to expand your fleet. Having a go-to rental provider lets you take on more projects and not leave money on the table. 

 

5. THE RIGHT EQUIPMENT FOR THE JOB 

 

The wrong equipment for the job can impact your project’s bottom line. Equipment that’s too small for the job causes operators to double their efforts. Equipment that’s too big for the job comes with more safety and operating concerns and can put workers and structures at unnecessary risk of injury or damage if used inappropriately. Moreover, to choose the right size equipment, it’s also important to get equipment with the correct specifications for the job. Different equipment types have a variety of models, each with its unique features developed for categorical applications. Working with equipment that isn’t meant for your needs is inefficient and wastes time. 

 

6. NO NEED TO STORE 

 

Storage costs can quickly add up while running a construction business. The more tools and equipment you own, the more warehousing space you’ll require to protect, organize and store it all. Increased warehouse spaces give rise to higher costs. Moreover, there's also the cost of insurance, security and monitoring that accompanies storing assets as valuable as construction equipment. 

Renting equipment is advantageous to keep overhead costs low, including decreasing the need for storage space. If you rent equipment, you return it when you’re done. No need to make space available for it long-term. No need to invest in the security you’d require for keeping your equipment safe from weather or theft. You’ll also avoid maintaining the storage area or have equipment take up valuable real estate. 

 

7. CONTROL PROJECT COSTS 

 

Renting equipment lets you have more control over your project’s costs. Equipment rentals are considered hard costs. Expenses you can get quoted from a supplier won’t fluctuate. Knowing upfront what your equipment costs are, can make isimpler to ascertain a construction budget, leading to a more profitable project. 

With equipment rentals, your project costs are clear and there are no surprise expenses. You just pay for the equipment when you require it.   

 

8. ACCESS THE LATEST TECHNOLOGY 

 

You gain access to the newest equipment with the latest built-in technology. Construction equipment technology has drastically improved over the last decade, filling a vital need that contractors had to be able to regulate their projects more efficiently and improve profitability. 

 

9. ENHANCE CASH FLOW 

 

Renting equipment lets contractors enhance their cash flow as they aren’t needed to make any capital investments and other associated expenditures. Moreover, to not having to invest capital outlay, contractors also earn more cash flow by avoiding repair costs and maintenance programs. Access to more cash flow helps your business stay agile, providing you with the required capital to take on more projects at once. 

 

10. TRY BEFORE PURCHASE 

 

Many contractors today employ a hybrid approach to their equipment fleet. By having a blend of rented and owned equipment, contractors can stay flexible for any project’s requirements and stay as competitive as possible. By renting some of your equipment initially, you can try before purchase. 

 

It is always advantageous to opt for rental equipment instead of owning them. 

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