Construction industry executives, whether owners or managers, or even fleet managers, understand the significance of leasing equipment. Selecting appropriate tools for specific jobs is essential in completing projects successfully and earning a substantial profit. Many businesses regularly lease equipment and find that its rental benefits are considerable – however without proper guidance they could make costly errors when renting items. Arnolds Rentals, LLC was established in 2008 to provide top-notch CT Heavy Equipment Rental services to local businesses, contractors, municipalities and homeowners. Their heavy-duty selection includes everything from small tools and machines up through large earthmoving tools that can be used for various tasks and applications.
Avoiding rental rental mistakes can help you save money. Making mistakes during the process should never become part of the price you pay for doing business; they should never become part of a standard cost of doing business. By conducting an accurate evaluation of what equipment you require and its intended use, then finding the correct supplier, you’ll guarantee that you avoid common rental company missteps. Here are some common rental equipment errors to be aware of:
Are You Renting the Wrong Equipment Type?
Renting the wrong equipment is a common misstep construction firm owners and managers make when they don’t get sound advice and suggestions from their supplier. Making an expensive mistake by selecting equipment or tools that cannot handle the task at hand could prove costly in the long run; if you’re using an inappropriate type of tool it won’t solve your problems until you make changes.
When you lease equipment that lacks sufficient capabilities for a given task, your productivity will suffer and ultimately lower profits.
To save yourself the expense of renting the wrong kind of equipment, create an accurate estimation before placing your order. Start by outlining the task at hand before selecting the suitable machine or equipment for it. This ensures you don’t overspend on unnecessary items.
Here are some factors to take into account when selecting your equipment:
Assess Your Work Scope
Determine exactly what the scope of the job entails. Does it involve clearing lots, clearing debris and digging into dirt? Will you need to break rocks or dump sand? Knowing these details will enable you to select the proper equipment model as well as any necessary attachment tools.
Discover Special Requirements
Specialty projects always present unique challenges, so it is important to be aware of any special requirements. It may be necessary to purchase special tools like augers, hammers or rakes in order to complete certain aspects of the job.
Be Aware of Your Rental Period
Knowing how long you need to rent equipment can help you create accurate cost estimates. It is essential that you know the precise date you will begin using it in order to secure its security and give your rental agent enough notice so they can reserve the correct equipment for performing your task successfully. Without sufficient notice, however, they may not reserve enough equipment for you.
Consider Multi-Role Machinery: If possible, it is wise to investigate whether multi-role machines are possible. Renting equipment that serves different functions is one way to guarantee you don’t hire the wrong kind of tool. An example of such a machine would be an e-skid steer or compact track loader which can accommodate various attachments for work tools.
Renting the Wrong Equipment Size
In addition to renting the wrong kind of equipment for your task, another mistake can be selecting an insufficiently powered machine with enough capacity. On the other hand, overpowered equipment may be heavy and difficult to use, posing safety risks while consuming excessive fuel.
For instance, the Cat 390FL excavator is a reliable piece of machinery with impressive capacity. It can quickly move large amounts of earth in minimal space. However, it may not be suitable for smaller jobs in remote places; leasing such an enormous machine could prove expensively inefficient while smaller Cat models would suffice better for your job requirements.
No need for an expensive rental item like an earthmover; making a mistake with size could prove costly in both time and money. Selecting an attachment that’s insufficient for the task at hand could lead to frustration and expense as you attempt to replace it with one that works better.
There’s a delicate balance to be struck when renting equipment that’s either too small or insufficiently powerful and selecting the incorrect model that won’t do the job. Here are some guidelines to avoid renting the wrong size equipment:
Know Your Environment
Before buying any equipment, it’s essential to understand the physical characteristics of the space where it will be utilized. Hiring equipment that cannot operate efficiently in a small space would be an enormous mistake; similarly, selecting too small and inefficient machines for workplace use will not do any good either.
Assess Your Situation Even if you have plenty of space for operation, you might not have the ideal area to place certain equipment. Leasing equipment that isn’t suitable for delicate surfaces like concrete, asphalt or lawns could do more harm than good.
Be aware of your power needs
Not all equipment, such as track and wheeled machines, will fit the load you have available. In some cases you may require electricity or compressed air energy. Be aware that many air and electric rental sources require special power sources so that you don’t end up renting something that can’t support what you have available.
Engage Your Employees: Chances are the people using the equipment are more knowledgeable about its size than anyone else. Enlisting those responsible for operating and maintaining the machinery and equipment can be a beneficial step to ensure they understand what size best suits their job requirements. Make sure to utilize this resource along with the expertise of your rental dealer’s expertise as well.
Poor timing when renting equipment
An irresponsible time to rent equipment is an error that should be avoided. But there’s a simple solution – timing your rental agreement according to your schedule can increase efficiency and keep costs where they belong: where they should be.
Timing is key when planning a successful timing strategy. It involves knowing your objectives and making sure your equipment rentals align with an achievable timeline. Ideally, you want the correct-sized machine delivered at precisely when required. Furthermore, make sure to plan for its return as soon as possible so you only pay for what is necessary.
One aspect of renting equipment includes managing weather-related issues. It’s essential to be prepared for storms or seasonal shifts in your industry, which rely heavily on seasonal demand for equipment rentals during summer and spring months. Without adequate planning and preparation, you could end up left behind due to shortages in necessary supplies.
Timing is key when it comes to scheduling rental agreements. Make sure your requests for machinery coincide with the start of your job, and plan ahead so the machine can be returned according to dealer demands on different websites. Here are some strategies for successfully timing rental agreements:
Establish the precise date you will begin work This is essential for staying on schedule and budget. Your equipment must be delivered precisely at that time; any delays could lead to extra expenses or prolonged downtime, both of which have an adverse effect on budgeting or scheduling efforts.
Weather can have a major impact on rental timeframes. Therefore, you must be mindful of weather conditions that could disrupt or delay your plans. Furthermore, take advantage of favorable weather windows and plan accordingly.
Be sure to make a prior reservation: reserve your rental equipment well ahead of your anticipated starting date so that you are assured of having what you need when needed. There is no magic formula for booking ahead, but the earlier the better; don’t wait until the last minute just to discover there are no spaces left!
Contacting your dealer helps guarantee that you stay on schedule for your rental time. It’s wise to stay in contact regularly so your reservation doesn’t fall into the wrong hands. Additionally, checking-in at various points during the day can help prevent issues and extend the rental agreement if extra work appears imminent.