The average cost of constructing a single-story is between $287 and $437 per square foot. This cost could be a lot higher if engineers and contractors adopt the wrong construction techniques. Flaws, imperfections, and other inefficiencies can raise the construction budget dramatically.
Construction equipment costs form a large chunk of any construction budget. Some people find it impossible to own equipment because they simply cannot afford it. That’s why smart contractors lease equipment and save a bundle in construction costs.
While that’s perfectly fine, choosing an equipment rental business to rent out equipment from is a lot harder than it seems. With so many equipment rental businesses and new ones popping up every day, it’s hard to pick the best one for your project.
Today, we’ll be showing you how to choose the best rental business for your construction equipment.
Check Their Reliability
The phrase “time is money” holds especially true in the construction industry. Contractors don’t have too much time to waste waiting for equipment to arrive on-site. Every hour wasted waiting for equipment delays the project and means a lot of money down the drain.
That said, the first thing to check for in an equipment rental company is their reliability. The company should deliver their equipment in good time, and all the equipment should be in perfect working condition.
Hiring a reliable company also gives you peace of mind, so you can focus on the project at hand. You don’t have to worry about any delays, unfueled equipment, or malfunctions. Expect seamless performance from all equipment to speed up the project’s completion.
Transparency in Their Processes and Prices
You want a rental company that’s transparent with its prices and processes from the get-go. That’s because what you might think is a great price might actually be a sham. It’s not uncommon for unscrupulous rental companies to have hidden costs totaling thousands of dollars.
Admittedly, construction equipment rental prices are a blur. It’s hard to know how much it actually costs to rent out construction equipment. Most companies are so scared of losing clients and being edged out by the competition that they hide their prices.
To avoid falling for the hidden price trap, ask the company about their rental and payment process. Expect a clear explanation of the rental process and the price breakdown. Steer clear of sketchy companies with unclear payment policies.
Compare Different Quotes
Before settling on a construction equipment rental company, be sure to compare quotes from different companies. Different rental companies have different quotes, and some may exceed your budget. It’s important to find an equipment rental company that suits your needs.
It’s also not a good idea to skimp on your company’s budget for renting heavy equipment. Some rental companies may charge meager rates, but their service quality will match their rates. You’ll end up losing a lot more money than what you would have saved by settling for a cheap company.
That said, be sure to settle for a company that charges a reasonable price for renting its equipment. Also, make sure they check all the other boxes before settling on the company.
Availability of Rental Equipment
It’s of the utmost importance that you find a rental business with readily available and accessible equipment.
The problem with large rental companies is that they’re a popular choice with many contractors. That means they have to find equipment available for lease. In most cases, other contractors will have booked the equipment already.
The good news is that you can always find another company with equipment ready on demand. From there, you can lease construction equipment and proceed with your project.
Look at the Company’s Flexibility
The typical construction project is unpredictable and full of hurdles. Things like bad weather conditions, budget constraints, and other reasons can hamper a project’s progress. That’s why it’s vital that you hire a flexible equipment rental service for your construction project.
Ask whether the company has any off-rent policies, extensions, timelines, or the like. See whether their policies are lenient with regard to your schedule and type of construction work. This could save you a lot of frustration later on in the project.
Check Out Reviews and Testimonials
Reviews and testimonials will give you a clear picture of what to expect from the company. These reviews and testimonials are first-hand accounts of clients’ experiences with the company you have in mind.
You can learn volumes about any rental business by just reading a handful of reviews. Some of these things include the company’s pricing, reliability, and much more. On-site reviews are great, but consider checking out review sites like Yelp for honest and unbiased reviews.
Check the Company’s Rental Terms
Before signing the dotted line, make sure you read the rental terms fully. Hiring rental equipment can be a lot more complicated than most people think. It’s important to read the rental terms to ensure you don’t get the short end of the stick.
Pay keen attention to payment terms and extension policies. Also, ask for clarification in the event of any gray areas. Don’t sign the contract until everything makes sense.
Check Out Their Customer Service
Customer service is a crucial factor to consider when choosing an equipment rental business. It’s important to find a rental company with quick and responsive customer service.
We already mentioned how time-sensitive most construction projects are. If you’re having trouble reaching the company, they might be a stumbling block to your project’s progress. Renting from a company with poor communication is downright frustrating and detrimental to the project.
Finding the Right Equipment Rental Business Made Easy
The information above should make choosing the best equipment rental business a breeze, regardless of your project demands. Be sure to explore all your options before settling on an equipment rental company. If you take the above tips to heart, you’ll be good to go.
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