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Equipment rental in Washington PA - to rent or not to rent, that is the question!
Posted: Apr 20, 2017
Almost every construction and engineering firm has faced this dilemma at least once during the course of their business. The need to choose between self-purchased equipment or rental machines eventually arrives in the life of every contractor. And while this is a decision that is dictated purely on financial advantages, one must also consider several other factors before deciding on whether or not equipment rental in Washington PA is the right choice for them. This article might be just what you need to make this impending business decision:
Financial capability
As pointed out above, the decision to choose between purchasing construction equipment and renting it out is largely dictated by the financial constraints being faced by the business in question. Acquiring a new asset means blocking your cash flow which otherwise would have been available as working capital for various projects. If your company is capable of digesting such a strain on your finances then buying construction equipment outright is a better option. Otherwise, you should choose to go for equipment rental in Washington, PA
Project specifics
Contractors juggling multiple projects at the same time usually need to resort to equipment rental to cater to their heavy machinery needs. There are some construction sites where only mini excavators can work while others require a fleet of dump trucks to move everyday debris from the scene. It is nearly impossible for a single contractor to maintain all of these machines in the required number within their organization. To match up with these project-specific requirements, equipment rental in Washington, PA emerges as the only and most effectively feasible option.
Variety and availability
When a contractor chooses to buy heavy duty machines, they are generally stuck with using and maintaining the same piece of equipment until it burns out its value. With equipment rental, on the other hand, one has the power to choose the latest and most advanced model of machinery and change configurations every time - since the onus of buying and maintaining it all is on the rental service provider. From all respects, the latter turns out to be the more profitable option between the two.
Fleet management
Reiterating the point we made above - your own equipment fleet will be your responsibility to manage, maintain and store. These will be assets worth several thousands of dollars from your pocket - you will definitely wish to ensure they are handled carefully and properly. But on a construction site, not every operator and every factor will be under your control. With a rental company, most of this management and maintenance headache is taken on by the service provider. You just have to ensure you get the most use out of the machine and that there is a proper insurance policy in place to cover any accidents, in case they occur.
Considering all these factors, it is easy to conclude that equipment rental in Washington, PA is clearly the more preferable option for any construction company. The final choice in the matter however, is clearly, going to be yours!
About The Author
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. He recommends OEC Rentals 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.