When working on construction projects, keeping your eye on the bottom line is essential. There are circumstances that crane rental is better than tying up cash in purchasing the equipment. There is no need to commit your money on expensive long-term machines when you can just hire. However, making the most out of hiring is not cakes and ale.
Here are some stubborn facts you must know before hiring cranes.
Benefits of Renting Cranes
Renting cranes offers your company various benefits including:
Reliable and Well Maintained Cranes
All cranes for rent are regularly inspected and tracked when in use. When working, they are monitored based on the number of hours and worn out parts replaced.
Rental companies offer cranes with the latest technologies to stay competitive. Therefore, when you rent, you get to enjoy the latest technology that comes with most benefits, unlike old machines. Your crew gets updated on the most recent devices, and you save time and money.
Pick the Best Equipment
When you rent cranes, you have a complete inventory to choose from rather than depending on your existing equipment. You select the best one that is suitable for the intended project.
When you opt for crane rental, the costs associated with servicing and maintenance solely lies in the rental company. In case of breakdown, your work is returning the machine and requesting for a replacement. Depreciation costs associated with purchasing a new crane is not on your shoulder.
Factors to Consider
What if you buy cranes instead? Most of you are probably asking yourselves this question. To help you choose between buying and renting, here are a few things to consider.
Do you have the capacity to finance a crane? Compare the cash at hand with the cost of buying. Even though renting does not tie up your finances, it is costly if you rent many times over a short period.
Renting a crane does not improve your company’s assets despite giving you the advantage of small budgeting due to reduced maintenance costs. When you opt to buy, you have the option of getting returns when you put it on the market after using.
Frequency of Usage
Before deciding to buy or rent, look the number of contracts you have. How long are the projects? How many times will you need cranes in the short run and the long run? It makes sense to rent if your projects are short term.
Amount of Time Needed
Having your equipment gives you the benefit of accessibility. You can use it whenever a job requires. Sometimes when renting, you have to wait for the crane availability. However, it is prudent to rent when you only need it as construction projects are available.
Are you looking for a crane rental company? All-West Crane and Rigging Ltd offer state of the art cranes and other construction equipment. With our BCCSA recognition and COR certification, nothing can go wrong. Contact us today!