A patron of Extreme Sandbox

Large Construction Equipment

Are you interested in managing a large fleet of construction equipment? Buying can be cost-effective in the long-term, but adds a large amount of administrative tasks and overhead costs along the way.

In the event of an equipment breakdown, a company will either need to have able mechanics on staff or hire external mechanics and repairmen. Both options can be very cost restrictive. Internal mechanics can run up a lot of overhead costs. On top of their compensation, they will likely need tools, computing equipment, and a shop to work out of. External mechanics generally charge a high hourly or project-based rate.

If the equipment is rented however, the company only needs to inform the entity whom they rented from. If they’ve rented from a reputable company, they should be confident that the situation will be rectified. By leaving administrative and maintenance tasks to the renting service, a construction company is able to maintain focus on its core functions.

A final deterrent from purchasing equipment is the presence of increasing regulation regarding construction equipment emissions. Due to stricter emission requirements from the EPA equipment purchasers must ensure their equipment does not violate industry standards.² If the equipment violates the guidelines, the company could be subject to significant governmental

Over the past few years there has been a clear trend in the construction equipment field. The procurement decision is becoming more rental focused than outright buying the necessary equipment. Between 2013 to 2014 the frequency of rentals increased by nearly 75%³

A second noticeable trend is the greater emphasis on rental of multi use equipment over single use equipment. This is reflected in increases of rentals of multi-use compact track loaders with simultaneous decreases of rentals of single use bulldozers.

Source: blog.getable.com
RELATED VIDEO
Construction Equipment Working on a Roadway
Construction Equipment Working on a Roadway
Worlds Largest Equipment
Worlds Largest Equipment
Construction Equipment working on a Gas Well Pond
Construction Equipment working on a Gas Well Pond
RELATED FACTS
Share this Post

Related posts

Cat Construction Equipment

Cat Construction Equipment

MAY 24, 2017

Budgets don t always allow for machinery to be bought new and sometimes purchasing new just doesn t make sense. But unexpected…

Read More
Construction Equipment

Construction Equipment

MAY 24, 2017

The construction industry remained buoyant despite predictions of a slow yet stable recovery after the general election…

Read More