In an ideal world, all general contractors would have every tool needed to complete their jobs efficiently, on-time, and on-budget. Unfortunately, that’s rarely the case, and you’re often faced with making a last-minute purchase of yet another piece of equipment which you may not use again anytime soon. Instead of facing this hassle time and time again, general contractors are instead turning to equipment rental companies to minimize costs and open up new job opportunities.
At Diamond Tool, we’ll not only work with you to identify the construction rental equipment needed to get the job done, but we’ll even deliver it right to your jobsite, offering unparalleled reliability and peace of mind. Before making the decision, there are a few things you should take into consideration.
Buying vs. Renting
Smaller contractors don’t always have the ability to purchase every tool and piece of equipment to complete a job. Between raw costs of the piece itself, the cost to store this equipment, and delivery, the dollars start to pile up. While amassing a collection of your own will help your company flourish, too much of a good thing will bog you down and prevent you from hiring, landing new jobs, and turning a profit.
Turning to equipment rental companies like Diamond Tool is a smart move. Once you choose from our line of construction rental equipment, you’ll leave the heavy lifting to us. Our experts have been working with general contractors since 1974 to understand the needs & pressures faced on a daily basis, using our tools and services to alleviate them.
Consider the Job
The needs of your project are what will dictate whether or not renting is a cost-effective option, and if so, what type of construction rental equipment is required to get the job done. First, take into consideration the amount of time you’ll spend using the equipment. If you’re using your equipment less than 50-60% of the time, the savings you’ll get from renting might be significant.
Another factor to take into consideration is the location of your jobsite: is hauling and storing your own equipment going to benefit you in the long run? Transportation costs can become staggering when paired with the long and short-term storage required to protect your investment. When you rent directly from equipment rental companies like Diamond Tool, we’ll take care of delivering your equipment right to the job site.
Renting construction equipment can open new doors for you and your contracting business. If jobs coming through require use of a machine you don’t currently own, renting that same piece of equipment for a fraction of its purchase price will allow you to land contracts and bring in additional revenue.
Being a smaller contractor that is always competing with bigger names can prove difficult. Often times these bigger companies have newer and better pieces of equipment, while others are left to make-do with older models. Choosing construction rental equipment often means utilizing the newest, most effective models, putting you back in the race.
With these new models comes new technology, as well. Construction equipment is rapidly advancing, and those who rent have the opportunity to experience this tech first-hand when they “test drive” their construction rental equipment, often times before their competitors do.
Choosing to rent construction equipment rather than buy is a no-brainer when you consider all the savings, convenience and opportunity involved. Going through equipment rental companies like Diamond Tool will give you the confidence that you are making the right choice to save money while growing your business.