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Why equipment rental is a better choice for new entrants in the market

Author: Josephine William
by Josephine William
Posted: Jul 13, 2020

Construction companies that are new entrants in the market and obviously looking for ways to cut costs should definitely opt for equipment rental. Construction sector may reap high profit margins and also provide tremendous growth opportunities but this is also true that the initial investment involved is expensive as well. This is where equipment rental provides you a cost effective approach. Instead of buying an expensive equipment that may lead to financial and liquidity issues, choose a reputable company that provides you with better choice and minimize expenses. The issue with buying new equipment involves various factors. Firstly, companies need to pay storage, maintenance and repair expenses. Over time record depreciation for the equipment wear and tear. Also, the fact that construction is solely based on project basis thus there are high chances that the equipment bought may not be used in the next project. Leading to capital being tied up. On the other hand, companies providing services in this particular vertical will already maintain and repair the equipment before hand. Also, you can save a lot on transportation costs and services as the company providing equipment rental will already provide you with this service as a whole package. With so much growth potential in equipment rental, companies also employ onsite engineers to set up equipment so this lessen the risks and chances of incurring damages and any unforeseen event.

Best practices adopted by equipment rental

Equipment rental Abu Dhabi companies have now sought best practices to enhance customer experience. The companies now ensue more flexibility in terms of providing more choice to their customers and also ensue better timelines as required. Companies can now rent equipment based on the project length. The myth that equipment rental is only for long term basis only, is wrong. Equipment rental companies in Abu Dhabi now provides consultancy and let you choose from a broader range of equipment that will best-fit your project. Moreover, equipment rental companies now provides transportation to arrange delivery on the site. They have professionals that can set up your heavy machinery properly. Customers can also opt for a ‘custom quote’ that includes services as a whole package and also provide you with new models and attachments as required. The industry dynamics are changing and equipment rental companies now feel that consultancy is a huge part of the decision making and service quality.

What to look for in an equipment rental company

Before a customer decides to choose an equipment make sure to verify whether the company has properly maintained and made the necessary repairs required for it to work efficiently. Also, do take into account some historical analysis pertaining to the fact when it was bought, where has it been used and how long has it been stored in the inventory. This will give you a better picture incase the equipment malfunctions. Secondly, check whether the companies have the necessary spare parts in storage this is required for both parties involved, especially when the transaction takes place to an international destination.

Companies renting equipment should also have spare parts available for a hassle free experience. Thirdly, do test drive the equipment before you rent it. This will help ensure that the heavy machinery or equipment is working properly or as required. Most appropriate would be to send your engineers to test drive your equipment for a better analysis. Most importantly, do your research. Choose a reputable company and look for reviews before renting heavy machinery or equipment that may be very critical for your project completion. Also, ensure that the company provides necessary repair, checks, maintenance and exchange in case the equipment doesn’t work efficiently.

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Author: Josephine William

Josephine William

Member since: Apr 07, 2020
Published articles: 17

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