How Hiring Heavy Equipment Could Ease your Construction Start Up
When starting out as a construction business owner or contractor, a primary goal of yours is to minimize initial expenses and control debt. You might already have machines in your fleet or none at all, which is where heavy equipment hire can save you thousands. While you build a foundation for your construction company, it’s not feasible or clever to own all the equipment you need to get the work done.
Particularly within the last 10 to 15 years, equipment hire has steadily grown in popularity and has become a critical fleet management decision. It’s now often viewed as the best option for all types of companies to stay profitable and flexible.
Here at Preston Hire we have a range of construction equipment from spider cranes to crawler cranes, loading platforms to propping to help with your start up needs. But first, learn how to use a construction hire company to get the most out of your new business. We cover:
Maintenance, service and repairs
Now, eventually buying machinery is a common goal when hiring. However, as a start-up owner or contractor, hiring is a much more cost effective option whilst you’re in your humble beginnings phase. Additionally, avoiding idle inventory is important – it only takes up space and money that you could use to grow your business.
Of course over time, the cost of leasing equipment may start to add up, and further down the track it may be smarter to buy your equipment – particularly once startup costs simmer down and you generate enough sustainable business. As a rule of thumb, start thinking about buying equipment only when you will use it more than 70% of the time. Otherwise, initially finding the right company to hire from and getting the right advice is helpful when making these decisions.
Maintenance, Service and Repair Costs
With ownership comes operating costs, regular maintenance and repairs, overhauls, insurance and legislation costs… the list goes on. Instead of investing your time and money into upkeep and repairs, your construction hire company will do this for you. So instead, you can focus on other job logistics as a new business.
Did we mention storage costs? As a start-up, chances are you likely don’t have adequate space or finances to store construction equipment. When you hire with Preston Hire, you can keep the machinery at your jobsite, and then return it when you’re done. We can also provide alternative solutions to keep the machine protected from the elements.
On top of this, hiring equipment reduces the time spent from transporting machinery from storage to the project site. This will ultimately make your project more efficient as you’ll avoid delays by keeping your hired equipment onsite.
Hiring construction equipment on a needed basis is ideal for those who have a more sporadic workload. Consider hiring specific types of construction equipment for specific jobs for a set amount of time.
This will provide you with the appropriate machinery to complete the project, as well as eliminate any logistical issues or delays. Once you finish the job, it’s as simple as returning the equipment without any overhanging commitments provided you’ve looked after the machinery.
Although this article highlights the benefits of hiring construction equipment, it is not necessarily the most optimal solution for all businesses, new or existing. Perhaps a combination of hired equipment and purchased equipment may be the most effective plan. In many instances, hiring has some major benefits that companies of all sizes can take advantage of by creating efficiencies and reducing costs and logistical considerations.
Here at Preston Hire we have a range of equipment that is suitable for your start up construction company. Our team would be happy to help and answer any questions including rates. Give us a call today on 0800 440 558.
Preston Hire is committed to creating a workplace that is injury, illness and incident free. Our strict WHS, environmental and quality policies and procedures in place to ensure that we are recognised by our customers and peers...
Discover the long list of clients and company testimonials and realise why they rely on the Preston Hire and why they entrust our help and products for some of the biggest developments in Sydney and Australia...