How much equipment and machinery does your company own? If you run a construction company, you will be using plenty of earthmoving equipment along with more specialist machines to carry out whatever jobs each project may require. The difficulty can be that projects can vary in requirements. The size and scope of each building project will vary, but the tasks needed for each job are likely to be different and require different equipment. If you buy every piece of plant that you need, you will soon be paying to store occasionally used items, or you will be busy selling plants that you no longer need. Fortunately, there is an alternative. Instead of buying the plant, why not hire it instead?
What are the advantages of plant hire?
Initially, it's easy to consider that plant hire is a waste of money. You are constantly paying out for something that you will never own. On one level that argument makes sense, but if you consider the whole picture, it's easy to see why plant hire is the better option.
Reduced upfront expenses
Upfront costs are a significant problem for many construction firms. No one likes paying out too much before the job has even started. It is often more palatable to spread the cost of the plant throughout the project through a rental scheme. Plant hire lowers costs since the equipment costs are only incurred when the plant is in use. As soon as it is no longer needed, the equipment is returned, and the costs stopped. When you buy a plant, you must continue to pay to store the machinery even when it isn't being used.
Lower maintenance costs
When you buy a plant you must maintain it to ensure that it remains safe to use and won't fail and put your project behind schedule. With plant hire, these worries are substantially reduced. You don't have to keep a large maintenance team on-site. If the equipment fails, you can return it to the supplier and receive a replacement without any argument or delay. It's also worth considering that all plant hire companies will check their equipment to ensure that it will be reliable and keep running for the duration of the hire. Equipment from the plant hire company is rarely more than a few years old. With plant hire, you can take advantage of modern, inspected equipment that someone else must maintain, rather than equipment that is your responsibility and that is losing value all the time you are paying to store it. Look for a company that provides plant hire near you.