5 Factors to Remember Before Considering Large Excavator Rental

 

The pandemic created a significant impact on all small and large industries worldwide. And the US E&C, or Engineering and Construction industry, is no exception. However, since the beginning of 2022, the sector has started its recovery and witnessed 8% growth compared to 2021 spending. Nevertheless, inflation, labor shortage and increased pricing have driven construction companies to consider various cost-saving measures. And one of the primary cost-saving measures for E&C is large excavator rental or renting large construction equipment.

 

So, if you have already started the cost-saving process and thinking of construction equipment or bulldozer rentals, we have created the perfect list to help you make that decision.

 

5 factors to consider before hiring large excavators and other equipment

1.     Type of the project - One of the biggest advantages of renting necessary equipment is the access to different tools, attachments and equipment. Hence, considering the nature of the project and the types of resources you may require can help you to rent particular tools. At construction equipment rental companies, you can find large excavators, bulldozers and various attachments like hydraulic hammers, grapples, hydraulic plate compactors etc.

 

2.     Compare the cost - Comparing the cost of ownership and renting in the long term can help you decide between renting or buying equipment. For example, the financial responsibility of maintaining and servicing a track truck is yours if you buy it. And given the economic state of the US, it is an expensive affair in the long run. However, track truck rental can save you from these additional expenses.

 

3.     Minimized fleet - As E&C companies start to offer different services, they evolve. And according to those services, the size of their equipment fleet continues to expand. However, managing such large fleets is quite challenging in terms of economic burden and servicing, operating and maintaining them. So, an articulated dump truck hire or bulldozer enables you to expand your services without increasing the fleet.

 

4.     Flexibility - Construction equipment rental services offer flexibility to work on multiple projects simultaneously. Handling different projects is common practice in E&C; however, moving the same equipment from one site to another isn’t economically feasible. Here, renting can help you to cater to the diverse needs of the projects without having to move heavy resources regularly.

 

5.     Depreciation protection - As a business owner depreciating asset can be a significant cause for concern. And, a large equipment fleet is a depreciating asset because you have to pay a handsome amount while acquiring them yet, they continue to lose value with time. However, if you develop a practice of hiring or renting them, you can manage your finances better.

 

In Summation

Renting essential large equipment and resources for your business protects it against unnecessary financial burdens and losses. Additionally, you can also save costs on the labor required to manage such a large fleet. And OEC Rental enables you to do just that. With their end-to-end solutions and support, you can hire all large equipment or smaller attachments for your projects. Not just individualized support, at the OEC you can also find the best models and the latest technologies as well.

 

So, if you’re looking for the best large excavator rental service in Pittsburgh, look no further than OEC Rental.