Project-based constructions are often done by demand. This means that a contractor may have several projects lined up for a specific amount of time and have several months without any jobs at all. This is one of the reasons why investing in heavy equipment and machinery is not a priority. Instead, contractors look for plant hires to provide them with the needed equipment.
In comparison, buying equipment means you have to pay for the maintenance and storage. A piece of equipment, depending on the model, type, and size can cost a large amount of money. The money used for buying equipment would be better off used as part of the revolving capital of the company.
Furthermore, if the machinery is not being used, it can get rusty and become outdated. Aside from the savings of renting, there are other advantages to consider which makes renting a more sensible option.
Variety of options
Machinery devaluates over time. If you buy your own, you will have to worry about replacing parts and repairing damage just to keep it in good working condition. Renting from companies like Ruttle Plant Hire in Preston, you have a variety of equipment to choose from. Not only is the rental equipment in good condition. Some rental companies even invest in top of the line and the latest models of machinery to suit every type of construction job requirement. You can also choose from a bigger inventory, hence, you have the exact equipment needed to complete a job.
Quality and condition
Plant hire companies specialise in providing machinery for every imaginable construction job. It is also their commitment to make sure that each piece of equipment is maintained to the highest standards. Some companies even guarantee repair and maintenance on site in case you encounter any problems while operating the machine.
Flexible options available on demand
Contractors are unlikely to have the same kind of project all the time. This means that every job requires special kinds of machinery that you may not always have available in your own fleet. Renting gives you the flexibility to have the required equipment on demand. Of course, you also need to book your rentals in advance so that you can pick from the best available equipment in the company’s fleet.
If you invest in your own equipment, it will eventually depreciate in value. This can be a liability to the company in the long run. The cost of maintaining and repairing equipment can rack up over time. Another advantage of renting is that the cost can be included in the company’s tax deductibles.
Convenient and worry-free operation
Renting equipment also means you don’t have to worry about storage and clean-up after the equipment is used. The rental company will take care of the delivery and removal of the machinery as soon as the project is completed. They will also handle the care, maintenance, and clean-up. As long as the machine has not been damaged while in use, no further liabilities are incurred.