There is another construction project coming your way. You not only happen to get the plans finalized, you need all of the trades on board and scheduled the right way. You will need suppliers to get in line. You will need a couple of dumpsters and a cleanup crew. You will also need a lot of heavy equipment, such as a crane for all of the heavy lifting. That is why you need a good working relationship with a company that handles crane rentals.
There are many general contractors who think it is the best choice to buy all the equipment that is needed. The problems with this decision are because of all of the costs that come with this decision. You will need to look at some of these to understand how a decision based on renting this gear is a better choice.
One of the reasons that rentals are the best way to go is the expensive price tag on most heavy equipment. It ties up a lot of capital and sits around a good portion of the time. It can be bought on credit, of course, and that reduces the flexibility you, as a building contractor needs moving forward.
Buying a crane will not only cost you for the piece, itself, but you will then have to hire an operator that is trained on that gear. This means, of course, all of the many employee expenses that are required by law and custom. By renting it, the operator comes with the package. They know this piece and works for you to complete your project on your time line.
Another issue with buying all of that equipment is the need for a maintenance person or crew needed to keep it operating properly. That is also another full time person to handle anything that comes up with the machine. This can be a very large expense for daily checks and preventative maintenance. When you rent the equipment, the maintenance is handled by the company renting it to you.
When something breaks on this equipment, it is usually very expensive to replace. This means many parts will either have to be on hand or available close by. The other problem is that, while the machine is down, you are left with a crew of people ho can not work. This could cause problems with your schedule and may incur fines. Rentals are repaired by their owners.
An issue with equipment, such as cranes that you buy, present problems when the project is finished. You must store it somewhere and it still must be maintained as it can not simply set idle. The building or renting of a storage facility can cost more than being able to call the rental company and having them come and pick it up.
When you need something like a crane, yet you do not have to maintain, store or spend a lot of money on it, it becomes a very popular concept. Having access to the piece of equipment that does all of this heavy lifting, especially for those large projects makes this idea more popular. Spending less money on something that does all the work this item does is very popular.
There are many general contractors who think it is the best choice to buy all the equipment that is needed. The problems with this decision are because of all of the costs that come with this decision. You will need to look at some of these to understand how a decision based on renting this gear is a better choice.
One of the reasons that rentals are the best way to go is the expensive price tag on most heavy equipment. It ties up a lot of capital and sits around a good portion of the time. It can be bought on credit, of course, and that reduces the flexibility you, as a building contractor needs moving forward.
Buying a crane will not only cost you for the piece, itself, but you will then have to hire an operator that is trained on that gear. This means, of course, all of the many employee expenses that are required by law and custom. By renting it, the operator comes with the package. They know this piece and works for you to complete your project on your time line.
Another issue with buying all of that equipment is the need for a maintenance person or crew needed to keep it operating properly. That is also another full time person to handle anything that comes up with the machine. This can be a very large expense for daily checks and preventative maintenance. When you rent the equipment, the maintenance is handled by the company renting it to you.
When something breaks on this equipment, it is usually very expensive to replace. This means many parts will either have to be on hand or available close by. The other problem is that, while the machine is down, you are left with a crew of people ho can not work. This could cause problems with your schedule and may incur fines. Rentals are repaired by their owners.
An issue with equipment, such as cranes that you buy, present problems when the project is finished. You must store it somewhere and it still must be maintained as it can not simply set idle. The building or renting of a storage facility can cost more than being able to call the rental company and having them come and pick it up.
When you need something like a crane, yet you do not have to maintain, store or spend a lot of money on it, it becomes a very popular concept. Having access to the piece of equipment that does all of this heavy lifting, especially for those large projects makes this idea more popular. Spending less money on something that does all the work this item does is very popular.
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