If you have a construction project requiring heavy lifting or transporting bulky goods, you need to have a crane on your site. However, for most project managers, whether to buy or rent is one that bugs many of them.
However, renting a crane comes with better benefits than if you choose to hire. Would you like to know why?
Here are three top reasons why construction managers will instead hire than buy their own equipment.
Buying new equipment might be the wisest thing to do if your work is to handle large projects. Nonetheless, if you need a crane for a one-time project, the initial investment might
be too high.
Think about the thousands of dollars you’ll have to use to buy equipment that you may only need once. Also, consider the amount of paperwork that you need to do to bring that equipment to your site if you decide to buy it.
If you rent the crane instead, you’ll save a lot of money. And even though you may have to pay for its services daily, it’s possible to use less money than if you choose to purchase a new one.
Another factor that closely relates to cost is flexibility. Remember, there are different types of cranes in the market. If your construction project demands that you use various cranes, you may have to set aside more money for buying all these cranes. That can be cumbersome, especially if you need them for this project only.
Instead, why not save that money and use it to rent a crane that you’ll need at that particular time. You can look for another one if you find out that you don’t need the one you rented. And that helps you to complete the task on time.
Furthermore, technology improves daily. And if there’s a new crane that performs better than the one you have, you may have to resell your current crane at a loss.
Acquire guaranteed safety
If you follow the ‘buy a crane’ route, you’ll have to consider several things. First, you’ll need to think about hiring a trained operator. You’ll also have to think about insurance, the safety of your employees, and maintaining the crane. And that can have substantial cost implications.
Nonetheless, renting saves you on all these issues. You don’t have to hire someone to operate the crane since the crane rental provides one for you. And pay their salary. The operator also knows how to manage the crane as they observe safety in the construction site.
Remember, the best thing you can give to your employees is safety. And if they are safe, then the project won’t have to stop in the middle.
These are the three top benefits that any construction manager should consider when wondering whether they should hire or buy new equipment. You should save a lot of money if you rent the equipment; additionally, you have the assurance that you’ll finish the project on time.