The equipment rental industry is a booming UK market, thanks to the ongoing demand from the industrial sector as well as commercial and residential construction projects. Many contractors today prefer to rent rather than buy heavy equipment because it is more convenient and requires less maintenance. Rental companies today have also improved their services, and there are providers with an extensive fleet of sophisticated machines suitable for almost every job imaginable. The following are some of the essential benefits of plant hire:
• Access to high-quality machines
• Availability and wide selection
• No storage required
• Compare packages from several rental companies
• No losses associated with equipment depreciation
• Service flexibility and versatility
In general, renting equipment is cheaper than buying, but there are still several factors that impact the cost of rental and have a direct impact on the contractor’s bottom line. In addition to making sure that the project is completed on time, it is also the contractor’s responsibility to assure the highest quality standards are followed while doing the job.
Factors that affect the cost of plant hire
Quotes from one rental company to another vary due to many factors. The most common factors include:
1. Wet vs. dry hire. Wet hire is a suitable choice when the contractor does not have an available worker to operate the equipment. The rental company will provide a quote based on the price of the machine, along with the compensation required for the operator.
2. Project location. Project location may impact the cost of the rental fee especially since transporting equipment is more expensive when the project area is far away.
3. Equipment make and model. Newer and more advanced equipment models will be more costly to rent.
What every renter is paying for not only includes the convenience of using heavy machinery anytime it is required, but also the cost of maintaining the machine after it has been used. Rental companies also include the cost of fuel in the quote, which is why it is necessary to get a complete breakdown of the price so that you know exactly what you are paying for.
Minimising the cost of plant hire
You can reduce the cost of plant hire by considering the following tips:
• Look for local plant hire Birmingham companies that are closer to the project site. Not only will it cost less, but you can avoid delivery delays as well.
• If additional features are not necessary, you do not need to hire brand new equipment with all the bells and whistles. An older but well-maintained machine can get the job done and is cheaper too.
• Ask the rental company if you can shoulder the cost of fuel. If you feel you can buy fuel at a better price, opt to exclude fuel from the quote.
• Dry hire is less costly, but only if you have the available skilled workforce to operate the machine.
Lastly, do not be afraid to negotiate with the rental company on the quote. Most of these companies are flexible in offering the best price, especially to loyal clients.