The question of renting versus owning heavy machinery is one that all new construction companies’ must toy with at the beginning of their business setup. If you have never rented anything as big and complex as a bulldozer or bobcat, the task can be a little intimidating, we know. So, we want to help with a few tips.
Read up on the info below and renting anything from power tools to large cranes will be easy. Also, the equipment hire Melbourne has available has significantly increased in recent years. So take your pick and get the best results on your job sites from now on.
What are the Main Reasons to Rent Equipment?
There are a number of reasons why people rent plant or construction equipment. Some of those reasons include:
- Assists with a short term need: Your company may only need a particular machine for a specific project. You may not be looking at the long term commitment that comes with purchasing a machine.
- Specialty Machines: Some machines perform a specific function.
- Saves Costs: It isn’t always possible or practical to purchase the machines needed.
- Helps out when regular machines fail: You may already own a particular machine, but if it fails or it’s being serviced you may still have a job to finalise.
- Minimises responsibility of maintenance or service: With the costs of maintenance some companies find it easier and more convenient to rent machines. The responsibility of the maintenance then falls to the plant hire company.
7 Crucial Points to Consider Before Hiring Heavy Machinery
It may not be possible or practical to purchase the equipment you need. Heavy machinery costs can be astronomical and while machinery is an investment to any business, the expense may not always be possible at the start of a business.
If you’re considering equipment hire, there are a few crucial points you need to be aware of. Take them into consideration to ensure that you don’t lose any money in the process.
Point 1: Identify the Exact Equipment Needed
When you’ve made the decision to hire equipment, the first step is to identify the exact equipment needed. Analyse the work that needs to be done and focus on finding equipment that can do that particular job in the shortest time possible.
For instance, a skid steer could do the job of two or three other machines by simply changing the attachments. Another point to consider in your initial planning is the duration of the project. Remember, the longer you rent the machine, the more it’ll cost. Ensure the machine will be safely stored during non-working times like weekends or evenings so you don’t risk it being stolen either.
Point 2: Possible Attachments, Size and Capaility
It’s important to know the size of the machines you need. Because different functions are associated with various sizes, it’s essential to select the correct machine for the job that needs to be done. Different sizes and weight capabilities might also affect the rental fee.
Point 3: Training Facilities
If you’re renting certain machines for the first time you’ll need to decide which of your employees will be responsible for operating and storing the equipment. Some rental companies have training facilities available.
Point 4: Condition of Equipment
Once you have decided which rental company you’ll consider making use of, it’s important to actually view the machines you’re going to rent. Establish the condition the machines are in and if they’re serviced regularly.
Point 5: Ensure There’s a Return Policy
It’s always important to know what the return policy on any rental item is. Ensure that you have this documented. This will save you money in the long run should anything not go according to plan. Establish if there is a deposit that needs to be paid and if this needs to be paid upfront or if it’s factored into the price, so you can manage your budget.
Point 6: Collection or Delivery
Renting heavy equipment isn’t like renting a few props for a family function. You can’t simply use your car to go and collect what you need. Consideration needs to be taken about how the machine will get from the rental company to the job site.
Enquire if the rental company delivers and if this requires an additional fee. Compare that with the cost of renting a low-bed trailer and collecting the machine yourself. This would apply to the return of the machine as well.
Point 7: Potential Customer Service
Do some research and check customer reviews before you finally sign any contract. You obviously want to use a company that can answer any questions you have. It’s also necessary to know the terms regarding any service or breakdown issues that may occur.
In Conclusion
The decision to hire equipment should only be made after careful consideration. By evaluating all your options and considering the discussed points, hiring heavy machinery may just be the answer to finalising your project needs! And now you know how to go about it.