Construction equipment can be expensive to purchase. Companies that need to use the equipment for one job will waste their money if they purchase it. That’s why many companies are choosing to rent construction equipment. According to a study by the American Rental Association, 93% of respondents used rental equipment in 2019. Before using construction equipment rentals, there are a few things to remember.
1. Know the Policy if It Breaks
If you have to pay for a piece of equipment that breaks, you wind up spending more money than if you had bought the equipment instead of renting it. That’s why it’s essential to ensure that you understand the policy for the rentals. Remember to ask what happens if something on the machinery breaks.
2. Ask for the Total Cost
Rental companies might need to charge various fees. They may charge an insurance fee that will cover the equipment breaking, the actual fee per day, and so on. Remember to ask for the total cost of construction equipment rentals instead of how much it costs so that you can ensure it’s in your price range.
3. Is There Flexibility in the Schedule?
Sometimes, things happen on the job. You may wind up needing the equipment longer than you originally thought. Plan ahead by asking the construction equipment rental company if there will be a problem if you need to keep it for another day or two. Doing this can help you avoid costly late fees or a company mistakenly thinking you stole the equipment if it’s not returned on time. Instead, it’s better to understand the proper process for renting it longer.
4. Equipment Maintenance
Although the company owns the equipment, you’re the one in possession of it. Some companies use this to ensure you’re responsible for maintenance while you have the equipment. However, other companies want to ensure the equipment is handled, so they handle maintenance. Ask who’s responsibility this is before renting equipment.
Construction equipment rentals are extremely common, but we understand you may have questions about the process before renting. We’re always happy to discuss our policies or go over the price. Contact our team at Ramco Rental today, and we’ll be happy to answer any questions that you have!
This was helpful. Very cost saving for the business owner or contractor
“Great advice! Asking these four questions before renting construction equipment is essential to ensure a smooth and successful project. This blog provides valuable insights for anyone in the construction industry. Highly recommended!”
Thank you for the reminder that when renting construction equipment, it is preferable to inquire about the entire cost rather than the individual cost. This is because they could charge different costs; checking to see if you are still within your budget will help. I’ll definitely tell her about this and look into rental options that can assist my uncle, who has expressed interest in renting construction supplies.