As a small contractor, you will likely have a limited budget for larger equipment. This means using an equipment hire company to get access to equipment you need for specific jobs or for seasonal jobs rather than buying the equipment. If you are new to this, there are a few things you should know about using equipment hire for your ongoing large-equipment needs. Here are three of those considerations.
Long-Term Hire Contracts
You may have some equipment that you need for a season rather than just a few days or weeks. For this reason, you need to find an equipment hire company that will allow you to have a long-term contract without hidden fees or higher fees for the long-term hire. You also need to make sure that you can extend the hire contract if you need to. For example, you may be using landscaping equipment for the summer season. If the season lasts longer than normal, that means more work and longer hire needs.
Damaged Equipment Policies
It doesn't matter how careful you are with the equipment; there are some cases when the equipment may break down. This can cause downtime on the site and cause you to have a longer time on the contract. If this is the case, you could face losing money. Make sure the equipment hire company you use has a policy that will help you swap out the equipment and keep working. Also make sure that the damaged equipment policy is covered under some kind of insurance or warranty so you aren't facing paying out of pocket for the repair.
Delivery and Pick-Up
For many contractors, picking up and delivering the equipment they hire is a huge problem. You may not have the right hauling equipment or the ability to get the equipment to the site. You can check with the equipment hire company you choose to see if they have a pick-up and delivery option. This means they will deliver the equipment to your site and pick it up when you are done. This will save you several issues and ensures you have the equipment on the job site when you need it.
By keeping these considerations in mind, you can make sure that you are preparing for the equipment hire process properly. You can also handle the budget issues that come with this easier and possibly plan for the purchase of equipment as needed without compromising your business options.