If you run a construction company that will occasionally require the use of heavy machinery, you might want to consider simply renting the equipment when you need it instead of buying your own. To help you understand why this would be the best move for you, you will want to take the time to review the following points.
Less Insurance Coverage Needed
Sure, you are still going to need a certain amount of insurance coverage for your business, but you might not need as much of it if you do not own expensive equipment such as cranes. After all, if you own such machinery, your insurance policy has to be large enough to repair or completely replace it should something go wrong. Therefore, by simply renting it when you need it, you will be able to save yourself a little extra money.
You Don’t Have To Store It
Large machinery needs to be properly stored in order to protect it from harsh weather and criminals. If you do not have a lot of other large pieces of machinery, you would have to build or rent a storage unit just for this single piece of equipment. However, if you are simply renting it when you need to use it, the company that owns it will have to deal with that issue.
There Are No Maintenance Requirements
When you rent equipment from a rental company, you will not have to worry about keeping up with the machine’s maintenance. The equipment rental company will also be the ones that are responsible for any repairs that are needed. Therefore, if it happens to break down while you are using it, you will simply give the company a call so that they can pick it up and bring you another one so that you can continue with your work.
No Worries About Training Operators
If you were to own your own heavy machinery, you would have to make sure that you have a few employees who are trained to operate it. This way, no matter who calls off sick or happens to find work elsewhere, you must always have someone on the crew that can operate it. This can be time consuming and can cost you a lot of extra money if one of your crew members were to become injured while operating it. If you want to avoid all of that, you can rent machinery that comes with an operator.
With those points in mind, you should have no trouble deciding whether heavy machinery and Bobcat rentals are indeed in your best interest.