Did you know that about 93% of construction companies and contractors used rental equipment in 2018?
Choosing the right one out of many construction equipment rental companies might be a difficult task. In the past, most contractors relied on the same rental company for all of their equipment needs. In large part, this was due to the fact that they had a long-standing business connection with the rental home in question.
It might take a long time to fill out all the paperwork and credit checks required by most rental businesses before they agree to let you use their equipment. Hence, once an agreement is made with a rental home, the contractor will only be renting from that property. Needless to say, you’ll want to pick the right one from the start.
Keep on reading for our full breakdown on how to pick the perfect heavy equipment rental company for your needs.
The Greatest of Construction Equipment Rental Companies: Ones With Transparency
For renters, the largest problem is determining whether or not they are receiving a good deal on their properties. If every piece of rental equipment is more costly than expected, budgeting and bids might be thrown off by tens of thousands of dollars.
In the past, building rental costs have been heavily influenced by supply and demand. In the absence of a willingness to discuss it, no one was willing to reveal their price structure, and no one was willing to inquire. To what end is this all happening?
There is a worry that prices will be lowered to attract new clients because of the threat of losing customers and the competitiveness in the business world. Traditional re-rent firms have emphasized these problems and encouraged businesses to cut their rates in order to make a sale.
While this may be true in theory, construction leasing markets have shown that it isn’t. Thousands of rental properties are listed and compared on DOZR’s rental rates page. The independent corporation sets and regulates all of these rates, no matter how cheap or expensive they may be.
For businesses, renting from a transparent corporation or marketplace is a choice between fairness and control. Both rental firms and contractors benefit from this control, which allows them to set their own costs and ensures that they know exactly what they’re signing up for.
Equipment availability, equipment rental locations, brand type, size, location, and rental business all have a role in the pricing range that works well for contractors’ budgets. There is no trust, fairness, or control in hiding pricing.
Rentals Availability and Accessibility
If you’re going to rent from a tiny firm, you’ll have to deal with certain issues in terms of availability. In terms of accessibility, big multi-national corporations are preferable, but their websites may be cumbersome, and it can be difficult to reach someone on the phone.
Perhaps the most challenging part of finding a rental service with the equipment you need is finding one that is both simple to get in touch with and easy to hire from.
Indeed, there are many big and small businesses that fit these criteria. Look elsewhere if you notice that your current go-to rental place is having issues with one of these issues.
Consider both the accessibility of the sales team and employees and the availability of heavy equipment when selecting a heavy equipment rental firm.
To What End?
As long as you’re renting from them, they’ll be there for you. It might have a negative influence on your project if you can’t get in touch or locate the equipment you need when you need it.
Even if you’ve never had a problem with your rental property before, you’re certain to run across one. It’s not a problem if you can find someone to talk to and figure out a solution. In the construction sector, time is money, therefore it’s crucial to have access to your rental company and the equipment you need.
Flexibility
Subcontractors, weather, money, and the water-fall building process all play a role in construction. This necessitates a high degree of adaptability.
The off-rent policy, extension options, and length of the rental period should all be inquired about before renting. Having the answers to these questions upfront helps alleviate some of the pressure that comes with a project.
To What End?
You may save money and time if you are able to postpone, move up, extend, or reduce a rental period.
After all, businesses have to be on their toes when it comes to shifts in the market.
Reliability
In building, as previously said, time equals money.
Renting equipment is required for a large number of these projects. When a project’s equipment is late, faulty, or the incorrect kind is sent, it may create significant delays.
For equipment rentals, trust and dependability go hand in hand. Contractors need to be able to rely on rental firms for their equipment.
The Benefits
There’s no need to stress if you’ve already reserved a rental car with a reputable business.
There’s a good chance the machine will arrive on time, be fully stocked, and be able to function for the duration of the rental. Having a rental provider you can depend on is critical for any and all projects.
Renting Construction Equipment: Explained
If you’re breaking into the contractors’ world for the first time, and you’re a bit in awe of how huge some of the heavy construction equipment can be, you’re not alone. It’s time to hire the right construction equipment rental company.
We hope that our guide has shed some light on the nuances of picking the right company out of thousands of construction equipment rental companies. And, if you liked reading our article, you’ll love checking out our other explainers and advice columns in our construction section.