Looking At Renting Contractor's Equipment? Common Mistakes People Make When Renting Equipment And How To Avoid Them
There are many benefits to renting contractor's equipment. Having the ability to rent equipment allows smaller contractors the ability to complete large projects without having to invest in the cost associated with leasing or buying large pieces of equipment. Unfortunately though, many contractors make mistakes that can end up costing them money when they are obtaining contractor's equipment rentals. Here are a few of the common mistakes that are made and how you can avoid making those mistakes.
Not Paying Close Attention to the Equipment They Are Renting
One of the mistakes that is commonly made when renting contractor's equipment is failing to pay close attention to the exact types of equipment being rented. You want to ensure that the equipment you are renting is able to complete the task you need completed, without being too much. If the equipment is larger or has more horsepower than you need, you may be paying more to rent it. Likewise, if the equipment is too small for your job, it may take significantly longer to complete the job, which ends up costing you more in rental expenses.
Not Knowing the Timeline When Renting Equipment
Another common mistake that is made when renting contractor's equipment is not knowing the timeline for the construction project prior to renting equipment. Always put together a timeline for the project. Many contractors rent equipment at the start of a project, but there may be other tasks they need to do first, such as demolition work. Sitting on equipment that isn't needed can wind up costing you money.
Not Carefully Reading Through Their Rental Contract
The final mistake that is commonly made when it comes to renting contractor's equipment is not carefully reading through the rental contract. The rental contract will contain key information about the equipment and returning the equipment. You may need to re-fuel the equipment or add oil to it. The equipment may need to be returned by a certain date or time, or you may incur more fees. Always read through the contract to ensure you know what you may be charged for.
If you are looking at contractor's equipment rentals, you will want to take the time to research the type of equipment you are renting and whether it meets your needs, learn the timeline for your project, and carefully read through your rental contract. Taking the time to complete each of these steps will help to ensure you do not make any mistakes that may cost you when it comes to renting contractor's or construction equipment.