You don’t have to buy plant equipment, simply hire what you need

Consider renting as opposed to buying. Money is always a central consideration, but so are the risks and opportunities. The rent-or-buy decision has an impact on all three. The market for renting plant equipment has increased in recent years. The list of benefits below explains why.

Stop paying for your plant equipment when you are no longer using it. If your construction project requires specific equipment for a short duration, the equipment is liable to stand idly afterward if you buy it. Let the rental company worry about finding other users.

Get up-to-date technology. The rental market is competitive and incites rental companies to offer recent-generation machines that get the job done faster and more efficiently. Up-to-date equipment usually also means compliance with emissions regulations.

Avoid maintenance costs. Many rental contracts make provision for maintenance (including record-keeping), repairs and spare parts. Check the contract before signing to see what is included. Remember that you may save money by not having to hire or train your own in-house specialists.  

Prevent storage costs. Construction equipment can only take so much idle time outside. Storage facilities to keep bigger pieces of equipment tucked away when they are out of use can be a major capital expense in itself. This is a concern for the rental company.

Truncate transport costs. Transporting your equipment can be a costly affair, renting the equipment is by far a feasible option.