Renting Construction Equipment
Automobile Maintenance

3 Things to Know Before Renting Construction Equipment

Whether you’re a small business owner, an independent contractor, or a homeowner looking to complete big renovations, you might need to rent construction equipment to get the job done. As a homeowner, you probably don’t have the heavy equipment you need on hand. As a small business owner or independent contractor, you might not have room in your budget to purchase these big-ticket items yet. 

Fortunately, renting construction equipment is relatively easy, you just need to know where to look. But more importantly, there are some things you need to consider before signing any contracts. 

We’re here to clear a few things ups. Keep reading for three tips on what to know before renting heavy machinery, tools, and any other type of construction equipment.

1. Your Equipment Rental Budget

One of the primary advantages of renting construction equipment is that it has the potential to save you a ton of money. For example, if you need the equipment for a specific job or purpose that you’re unlikely to complete again, renting is much more cost-effective than buying. 

However, that doesn’t mean renting the equipment will be cheap. Therefore, it’s important to assess your budget to find the best construction equipment to rent.

Don’t pay elevated prices and make sure you know what other fees are involved. This includes things like late returns, damaged equipment, mandatory insurance, etc. 

2. How Long You Need the Equipment

Next, determine how long you’ll need to rent the construction equipment. Will you need the machinery for one day, one weekend, one week, or one month?

What if you need it longer? Can you find cheaper prices for long-term rentals?

If saving money is your top concern, make sure you plan everything out. Your construction site needs to be prepared for the equipment you rent.

All the prep work should be completed prior to renting construction equipment. That way, you can get in there and knock out the work as quickly as possible and avoid paying for extra rental days. 

3. The Insurance Options Available for the Equipment

Whether you decide to rent CAT construction equipment or another brand of machinery, make sure the rental contract comes with an insurance plan. We cannot stress this enough – pay for the insurance protection. This is important whether you’re a homeowner renting a forklift or a professional contractor renting a bigger piece of machinery. 

Let’s say you accidentally damage a rented forklift. While there are amazing forklift repair companies out there, opting for insurance means you won’t have to pay the bill. Just make sure you understand what is and isn’t covered in the insurance policy. 

Accidents happen all the time, particularly on construction sites. If you don’t opt for the insurance plan, any damages to the machinery will come out of your pocket. And, as you probably know, heavy-duty construction equipment isn’t cheap.

Planning on Renting Construction Equipment?

If you’ve got a big project coming up, you’re probably thinking about renting construction equipment. Follow the tips listed above to learn more about where to rent construction equipment, how to save money, and how to streamline the process. Additionally, make sure you know how to use the equipment safely to avoid unnecessary accidents. 

And for more information on automotive-related topics, read through some of our other blog articles while you’re here. Our website is full of advice and insight designed to make your life easier.