Advantages of Renting Equipments

Equipment rental, is a service industry providing machinery, equipment and tools of all kinds and sizes (from earthmoving to powered access, power generation to hand-held tools etc.) for a limited period of time to final users, mainly to construction contractors but also to the industry and to individual consumers.

The equipment rental industry is relatively new. The industry is indeed more mature in some markets than others. The main reasons for the industry's overall fast development are:

Contractors are increasingly eager to rent equipment, as it allows them to minimize the size of their equipment fleet. Renting equipment with operators even allows for optimizing staff costs.

Range of recent equipment available: Some rental companies have fleet inventories reaching up to the hundreds of thousands of pieces of equipment while others are very specialized in only a very specific product range.

Rental companies bear the responsibility for ensuring the equipment they rent out complies with all applicable regulations. Routine maintenance and major repairs are typically handled by the rental company, saving the renter the expense of having a maintenance crew on staff.

Equipment renting service fees include full maintenance therefore there is no maintenance or breakdown costs. The new and competitive marketplace means manufacturers are turning out faster and better equipment and therefore provides top quality equipments. Purchasing the equipments forces into a "make do" situation if the tool in question doesn't meet specific requirements for the job. Outsourcing means the right equipment is always available.

Companies don’t want equipment to lie down idle. The availability of top-quality rentals means you can buy the equipment you use most often and more specialized tools can be rented as needed, thus minimizing idle time and cash today. You don't have to pay personal property taxes or license costs attached to rented equipment which add to the price of ownership.

Purchasing equipment ties up a significant amount of capital therefore outsourcing frees capital for more profitable uses. Outsourced equipment doesn't show up as a liability on a contractor's bottom line and you will have more leverage in securing the bonds necessary for construction work.

There are so many Banks, organizations and companies which already rent Gensets for power-backups, the renting firms bear the responsibility of overall maintenance and repairs. The Future of equipment renting is now and this is the time when companies and contractors should take the advantage of renting equipments.

www.equipmentrentalsindia.com

Jack Joness from his school and college days only had a passion for Mathematics and Statistics. He even used to work as a Data Analysis and Statistics Analysis freelancer during his Post Graduation days. Then after working really hard and gaining lo