It takes a lot of money to start a contracting business, even one in which you are the sole proprietor and the only employee. Instead of spending your starting capital on equipment, it might be better to hire equipment that is only occasionally needed for projects. Here are five benefits to hiring construction and other equipment for your business.
The Right Terms
When you are hiring equipment, you can arrange to keep it for as long as it is needed or hire it for short-term use. If you’re going to need the equipment for several weeks, then you can arrange a monthly rate instead of paying per day to hire it. However, if it’s only needed for a day or two, you don’t have to pay for something that you won’t use and either way, your business saves money.
Depending on the equipment that is needed, the company you’re hiring it from may provide trained staff to operate it. This means that you won’t have to learn how to operate equipment that you only may need to use occasionally and, since it will be operated by trained and licensed staff, your company will be complying with applicable regulations. Also, by using trained operators, you may only need the equipment for a few hours or a day or two, which can help you complete the project on deadline.
Delivered to Job Site
For large or heavy pieces of equipment, most equipment rental companies will deliver whatever you need to your job site. You won’t have to worry about towing equipment to where it is needed, which could require special trailers and licensing depending on the weight of the equipment. The company will also pick it up when you’re finished with it so you won’t need to be responsible for getting it back to their location.
Get the Right Equipment
If you’re unfamiliar with some of the equipment that you need to have on your job site, such as generators or winches, the company can recommend the right size for your project. Having the wrong size equipment can cause delays as you may experience disruptions because it may not be able to provide the power that is needed. However, when you hire equipment from an experienced rental company, they can assess your needs and make sure that you have the proper equipment on site.
Companies from which you hire equipment will perform routine maintenance on long-term rentals and emergency repairs when needed. If the equipment cannot be repaired on site, they will switch out the old unit for another one so that you won’t experience unnecessary delays. The repairs and maintenance shouldn’t cost you anything because it is their equipment that they are taking care of, which is not your responsibility unless it was used improperly.
Instead of needing to use thousands of pounds of your operating capital to buy equipment that you may only use on occasion, you can save money by hiring what you need when it is needed. With some equipment, you will also get trained operators and it will be delivered directly to your job site.