How to Save Money When Renting Heavy Construction Equipment

Posted on: 13 March 2017

Are you thinking about tackling a big project and renting heavy construction equipment to do it? If so, you could be wondering just how much you are going to have to spend in order to rent this equipment. Luckily, there are ways that you can keep costs low. Follow these tips if you'd like to save as much as possible when renting heavy construction equipment.

Choose the Right Equipment for the Job

First and foremost, you should consider the type of equipment that you need for the job. Many rental companies offer equipment in varying sizes. It might be tempting to rent the biggest piece of equipment that you can. However, not only can this lead to your rental rates being more costly, but the larger equipment could be more difficult to maneuver and use for smaller projects. Ensuring that you rent the right equipment the first time around can save you money in rental fees and can make your project a whole lot easier to boot.

Be Accurate in Your Rental Term Estimate

Many rental companies rent equipment by the hour, day, week, or month. Even though things can happen that can affect how long you need to use the equipment, getting the closest estimate that you can will help you determine the most cost-effective rental term for the equipment that you will be using. For example, monthly rates are generally a lot cheaper per hour than paying for the rental by the hour, but, at the same time, you don't want to pay to have the equipment for longer than you need it.

Follow Your Contract

You should have to sign a contract when renting your equipment. In the contract, things will be outlined, such as how much you will have to pay if you don't return the equipment with proper fuel levels or if you don't return the equipment on time. The fees for things like this can really add up if you aren't careful, but adhering to your contract can help you avoid all of these additional costs when you return the equipment at the end of your project.

Renting heavy construction equipment rather than buying it can obviously yield significant cost savings. However, there are ways to reduce costs even more. If you follow these tips, you can save as much money as possible when renting the equipment that you need for your upcoming project.