Heavy equipment rentals, including concrete form rentals, are on the rise, and getting easier as technology progresses. Roughly 5,000 businesses make up the heavy equipment rental segment, and contractors continue to give them business in hopes of saving on cost and storage.
Whether you’re looking for a scissor lift or concrete forms, renting can simplify your life. You can rent exactly what you need and return it when the project is complete. Here are three reasons you might want to consider renting your equipment for your next project.
Supports Your Bottom Line
The construction and concrete business is a project-based industry. To complete projects successfully, you need specific tools, and if you do have them laying around, the tools will collect dust and depreciate until you need them again. That’s where the value of renting comes in.
Rental fees are a deductible business expense, and they’re immediately appreciated for use, rather than devaluing over time. A weekly rental is typically hundreds of dollars, and a monthly rental can be in the thousands. Purchasing the necessary equipment, on the other hand, can easily get in to the six-figure range. In tandem with buying new equipment comes the need for storing it. With a rental, you don’t have to worry about storage since you’ll return it at the end of each project. Construction businesses instantly benefit from getting exactly what they need, when they need it.
Technology is Paving the Way
No industry is safe from technological advances, and construction is no outlier. Construction businesses are making their lives easier by downloading apps and utilizing technology that make building things much easier and efficient.
Renting equipment has never been easier. User-friendly, peer-to-peer equipment rental apps are available for construction contractors. If you want to rent equipment or rent out your own, you can do just that with the press of a button. Think of it as AirBnB for construction equipment and tools.
From an equipment perspective, renting new equipment ensures you’ll have access to the latest technology to help move your project along efficiently. The good news is you don’t have to be the one responsible for keeping up with emissions regulations.
Equipment on Your Terms
It’s likely that you wouldn’t buy a computer without giving it a trial run in the store first. The same is true for construction equipment. Through renting, construction contractors can give the latest technology and equipment a test run without paying the upfront costs of a purchase. It gives them insight and clarification if they want to purchase down the road. They can also upgrade equipment as they see fit with the opportunity to compare different types or brands of equipment.
In addition, renters aren’t required to keep up with the high maintenance and repair costs that come with purchased equipment. For rentals, a maintenance fee is likely, but much less than what you’d pay out of pocket if it was your own.
Rent with the Best
Considering renting concrete forms for your next project? Forming America can supply concrete forming that keeps your projects running safely and efficiently. Our forming systems are available to buy or rent. Contact Forming America or call 1-888-993-1304 to get the concrete forming solutions for your needs.