The heart of any construction business is equipment. Big, heavy tools that perform tasks efficiently under little supervision will help finish any structure within a short time. But, purchasing equipment might not be the wisest investment, especially for small-scale construction companies.
This is why it is actually great that equipment for hire is readily available. Companies that provide the latest models of construction equipment for a reasonable price allow builders to enjoy excellent tools minus worries of investment, maintenance, or storage.
Big Equipment Require Big Investments
Deciding to expand your fleet through equipment acquisition will definitely hurt your capital investment. That’s because it requires a large sum of money. Just as you are starting to enjoy your new equipment model, a newer and more advanced unit will come out on the market, tempting you to recalibrate.
Maintenance Costs Are Unbelievably High
While you are contemplating the amount you need to spend on truck loaders, hydraulics, boom lifts, and so on, you also have to mind maintenance. It is not easy keeping such a fleet.
You need to constantly check on them and perform repairs here and there to ensure that they are in tip-top shape all the time. This requires another set of costs that could easily eat up your budget.
The Logistics Involved Are Very Inconvenient
Other important considerations about heavy-duty construction equipment are storage and transport. If you keep your equipment in storage (which you should), you have to put up a dedicated area to house them when not in use.
Travelling to and from the storage facility and the construction site can be crazy. Your construction sites could be very far. When you rent equipment, you could put your logistics worries to rest.
To get a hand on new-generation machines that will help you accomplish work at a low cost, it is definitely smarter to go for equipment rental. It will lessen your capital requirements while maximising your profits.