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Minimum Inventory
Ownership can be very expensive when equipment is idle. Combining
ownership of basic equipment with rental equipment as needed will minimize
idle time. |
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Right Equipment For The Job
Eliminate the hidden costs of inefficiency due to use of wrong size
or
type of equipment and the maintenance and repair incurred. Rental equipment
ensures the right equipment for the job. |
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Warehousing
Use of rental equipment eliminates the need for large storage
areas/buildings, thus, overhead in your cost of doing business is
minimized. |
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Breakdowns
Virtually all equipment is subject to occasional breakdowns.
However, when rented equipment breaks down idle time is minimized through
replacement by the rental company and repair costs are eliminated. |
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Maintenance
Rented equipment includes full maintenance, no repair shop, no spare
parts inventory, no mechanics, no added maintenance payroll or maintenance
record keeping. |
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Equipment Obsolescence
Ownership of equipment involves the risk of rising wage costs and
slower job completion time due to owning worn, obsolete models when new,
better, faster models are available from our rental company. |
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Disposal Costs
Preparing used, obsolete equipment for resale, advertising and selling
time are factors of ownership that do not occur in renting. |
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Cost Control
Knowing the true costs of owned equipment is difficult. Rented
equipment offers you just one accountable cost figure, the rental invoice
cost. |
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Inventory Control
The presence of continuous billing on rented equipment establishes
personal accountability. Inventory loss due to pilferage is minimized. |
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Taxes/Licenses
Personal property tax and license costs are eliminated on rented
equipment. |
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Conservation
Of Capital
Renting construction equipment frees your capital for other potentially
more profitable uses. |
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Increase
In Borrowing Capacity
Contractors who rent instead of purchase find borrowing easier with
better ratio of assets to liabilities since equipment does not appear as
a liability on the balance sheet. The normal line of bank credit is
not disturbed, a most important asset in securing bonds for construction
work. |