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.

Cut Back On Costs Associated With Operating Your Small Construction Business


If you recently opened a small construction business and are attempting to cut back on costs until you are able to increase the number of customers who you serve and get a handle on the bills that you owe to keep your business running, the tips below can help you minimize the amount of money you will need to put out to complete projects.

Purchase Used Equipment

If you don't already own enough equipment to complete a wide range of construction projects, your business can suffer considerably if you need to turn down people who are interested in having a structure built on their property. Purchasing new equipment may not be feasible if you are struggling monetarily and taking out a loan could cause you to sink further into debt. A viable option is to purchase used construction equipment.

Many businesses take good care of equipment but have the means to purchase new items on a consistent basis. As a result, they have plenty of equipment that they are willing to unload for much less than you would spend on new items. Contact a business that sells used equipment like OEM Replacement Parts to request information about the machinery that you are interested in purchasing. 

Hire Part-Time Employees Or Temporary Workers

If you are looking for a way to avoid paying your employees overtime fees or benefits, hiring part-time employees or temporary workers may be the right choice for you. Sit down to calculate how many hours a particular job would normally take to complete to determine how many part-time workers you will need to complete impending projects.

When hiring workers, be honest with them and let them know that you can only employ them for a set amount of hours until your business has a strong foundation and you have increased the number of customers who you serve. If you have trouble locating suitable employees, contact a temporary agency to request assistance. You will be required to pay a fee to a temporary agency in exchange for laborers who will assist with completing construction projects.

Keep Vehicles Maintained And Complete A Lot Of Work Yourself

If you own a few vehicles that are used to transport workers and materials to job sites, maintaining your vehicles will prevent expensive repairs from becoming an issue. Take your vehicles to a reputable mechanic to have them inspected and opt to have mechanical parts replaced in a timely manner to minimize the risk of more costly repairs being needed. 

Drive to job sites each day and work hard to assist with completing construction projects. Although you may want to sit back while others work for you, it is important for you to put in your best effort to eliminate the need for additional help and to lessen the amount of time that it will take to complete a project.


14 December 2017