Equipment Rental Tips in the Aftermath of Coronavirus Pandemic
The entire world has been through an unprecedented state of confinement for several months now because of the coronavirus pandemic. In these months, several steps have been implemented to ensure public health and safety. However, at the same time, the economy has faltered and thousands of businesses across the world have been forced to shut down. Though the pandemic is far from being over, businesses have finally started efforts to get back on track. In this uncertain economic environment, it is likely that a high percentage of landscapers, contractors, and construction companies will turn to heavy equipment rentals for their projects. In times like these, renting equipment can undoubtedly be economically advantageous for the project owners. However, to make an informed decision, certain points should be taken into account while renting equipment.
Mentioned below are some simple equipment rental tips that can pay rich dividends in the current scenario.
First and foremost, try to understand the job in hand. Is it possible to complete this job with any of your existing machines? If not, figure out the type of equipment needed for the job.
Next, you should try to figure out how much time is required for the completion of this job. For a machine to be worth purchasing, it should be operational for about 60-70% of the time. If this time is less than 60-70%, renting is your best bet. If you have an idea about the approximate completion time, it would be easier for you to determine the duration of your equipment rental and avoid late fees.
Third, you must also study the current economic condition as well as economic indicators. You may have a number of projects where you would want to use a certain piece of machinery. However, the likelihood of another wave of COVID-19 pandemic cannot be ruled out. Therefore, it is possible that projects may get indefinitely delayed or even cancelled altogether. Therefore, right now, renting equipment appears to be correct decision because there is no point spending money on expensive equipment and keeping it idle for a long time.
The next step for you is to explore all available options you have for equipment rental. Some of the easiest alternatives include online marketplaces as well as equipment dealers in your locality. Once you have made your choice, find out the types of equipment available and whether they suit your needs.
After finding out the equipment that you need, inspect the same to ensure that it is of the desired quality and can be trusted to handle your job successfully. Before renting any equipment, try to find out the history of the machine and examine its maintenance as well as repair records. To be 100% sure of its quality, it is always better to opt for a certified equipment.
The next important thing for you to do is to find out a reputable equipment dealership. Conduct a thorough research and check the background of the business before taking any decision. Finally, after you have selected the equipment dealer, examine the contract carefully to ensure that it will meet all your requirements.
At K & M Machinery, we offer a wide range of equipment rental options for you at the best possible price. Contact our experts today to discuss your requirements.