The difference between buying cranes and crane rental services
The construction business is one of the pillars of the world economy. But despite being such a lucrative job, the job and responsibilities of a contractor are not easy. They oversee everything that happens, from the biggest to the smallest detail of each project. And to add more complications to their tasks, they must also decide how they will spend the money on equipment. Are you going to buy machines like cranes or just rent a crane? If you hope to join their ranks soon, you must know the ups and downs of the business.
The advantages of buying equipment
Regardless of the nature, all companies share the same goal: profit. And as a contractor, your job is to make money by completing a project on time and within the budget set by clients. Therefore, it makes sense to invest in each piece of machinery that you are going to use.
And so we shed light on whether buying equipment is more profitable than going to crane rental companies. These are the advantages of having your own machines:
1. Unlike the sale of products, the price of services depends on the amount of work to be done and how quickly it is completed. Contractors that have their own equipment can get the job done faster, so they get paid right away.
2. No queuing for available machine rentals. There are plenty of contractors out there and most of them are likely to rely on crane hire, meaning you can’t take rush jobs.
3. Work instantly. To reduce overall costs, most, if not all, contractors want to pick up the pace of workers, but they won’t be able to do it without the necessary tools.
Disadvantages of owning equipment
Machines must be cared for to extend their life and their potential to earn more money. If you want to own machines and equipment, you must be prepared to spend on maintenance. And it is one of the biggest drawbacks of having your own machinery. Even without projects, you have to keep them in good condition and it will cost you money you haven’t earned yet.
The machines used for crane rentals require special skills and you should hire someone to operate yours if you decide to purchase them. And just like investing in maintenance, you also need to have a team ready to go once you land a project.
Why renting a tow truck is better
Getting a crane for hire eliminates the need for costly machine maintenance and you don’t have to pay workers wages to operate them. Rental companies can provide you with professional machine operators and drivers that you don’t have to pay because it comes with the rental. It is certainly a better way to make more profit and get the job done right.