should you rent or buy heavy construction equipment?

My husband is a contractor that does all sorts of jobs. There have been times that he has had to turn down a job because he didn't have some of the equipment that he needed to do the job right. Other jobs require that he rents some heavy construction equipment. We have been trying to decide if we should invest in purchasing some of that equipment that he needs or if it is better to continue renting it. Go through our blog to learn about purchasing heavy construction equipment. Here, you will learn the cost of purchasing and maintaining versus renting it.

The Ins And Outs Of Renting A Construction Crane

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In making the most out of your construction project, you will want to get your hands on some top quality equipment that will be worthwhile. A rental crane is one of the most critical pieces of equipment that you can purchase, so take the time to research companies that can set you up with any size, type or model of construction crane that you need. With this in the back of your mind, apply these guidelines so that you can get your hands on a rental crane that will help you greatly. 

The Advantages Of Renting A Construction Crane

The benefits of getting a rental crane are incredible, due to the fact that you are able to handle some heavy lifting on your terms. These cranes are excellent pieces of equipment that will cut down on the amount of time that it will take for you to complete any construction project that you are working on. A crane rental is also great for your bottom line, because renting gives you flexibility and costs less in the short-term than making a purchase. Further, renting a construction crane is very low maintenance and gives you access to newer equipment that is in tip-top shape. 

Finding A Crane Rental Company

It will be in your best interests to find a construction crane rental company that is reputable and that has access to the best equipment. Look into their certifications and make sure that their insurance plans are valid. Research the various companies available and ask them to give you a breakdown of their rates in writing. These rates tend to vary, as it might cost upwards of approximately $300 per hour to rent a crane. You should also look into rates for renting the services of a professional crane operator if you are in need of this service as well. 

Protecting Your Rental Period

Make sure that you diligently read through the rental agreement to know the terms. You'll need to know how long the rental period lasts, what actions would void or terminate the contract, and what penalties you might be subject to for late returns. It is also very important that you make sure that you understand the rental company's obligations, to include things like customer support and equipment maintenance. Consider accompanying your rental plan with an insurance policy, to cover you for any incidentals or accidents. 

Follow these tips to make the most of your crane rental period. 

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1 March 2017