Construction Equipment Rental In Pittsburgh, PA – A Good Idea?

Suitable equipment is a must-have requirement for any construction company so as to become capable of executing a project in the right manner. Whether it is a simple dig-job or a full blown erection of a building, you will require relevant tools and machines so that your workers can generate desirable results in the most effective and economical manner. But exactly how feasible is it for every construction company to buy these heavy duty machines (extremely expensive as they are!) and maintain them in-house?

The thumb rule suggested by most business consultants to construction companies is – if you are not going to use the machine for more than 60% of your operations, there is no sense in purchasing it. In such cases, equipment rental is recommended as the most cost-effective format to manage projects. Let us examine some advantages of this practice and attempt to figure out whether your business will benefit from it or not.

In most cases, it is only those enterprise that is either flush with cash or has small scale operations that can afford to purchase heavy machinery outright. This step will go on to block your cash resources into one huge asset, which at times isn’t feasible from a financial aspect for construction businesses, who have to deal with highly fluctuating industry dynamics.

Buying construction equipment also means having to maintain it. This factor alone will prove to be an enormous burden on the company’s pocket, that too regular in nature. However, when you go for construction equipment rental in Pittsburgh, the leasing company will handle all the maintenance and repair headaches while you get to enjoy unimpeded usage of the best machines out there.

In the case of most heavy machinery purchase, you will be able to reach the point of break-even on your investment in at least 5-7 years. During this period, new and improved models of the same machine might hit the market, making it impossible to access the recent technology because of the already strained cash flows that your company might be dealing with. However, with renting, you can use the very latest machines and makes, without having to worry about rate of depreciation and obsolescence.

Heavy machinery is capital expenses which mean they're subject to tax. The cost cannot be deducted within a year of purchase, and as time passes, their monetary value depreciates while their functionality experiences similar depreciation. If you aren't careful, you could end up with an expensive piece of equipment that's used only for a time with a reduced resale value. What's worse, if safety and quality control guidelines are amended during the life of the equipment, resale value will be plunged even lower by the time you decide to sell.

All in all, it will always make more sense to go for equipment rental in Pittsburgh, PA rather than buying a heavy piece of machinery and blocking your cash flows.

To know more about mini excavator rental in Pittsburgh, visit Oecrentals.com.

Author Bio

Bob Sepich is one of the most respected veterans from the field of construction which also loves writing many interesting articles and blogs, helping people in understanding the various nuances of this trade. He recommends OECRentals.com as the number one website to trust in you are looking for equipment rental in Pittsburgh.

Bob Sepich is one of the most respected veterans from the field of construction who also loves writing many interesting articles and blogs, helping people in understanding the various nuances of this trade.