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How can renting equipment be more profitable?

16 August | 53 views

In 2022 we will continue to see a revolution in the construction industry. Many factors, such as advancements in technology, rising material costs, eco-friendly and sustainable initiatives, supply chain delays,. and labor shortages are forcing many rapid changes in the industry. The popularity of utilizing equipment rental is also gaining momentum.
National Dispatching offers a one call solution for renting equipment.

 

Why is the popularity of equipment rental increasing?

For many reasons, construction equipment rental is becoming more popular. Modern equipment has revolutionized the way projects are performed and managed. While people are looking at the budget and other aspects of the business in search of cost reductions, they can also compare the cost of renting or leasing equipment with purchase and ownership costs.

One of the biggest challenges for builders is to reduce budget without compromising quality. The best solution is to find effective labor, equipment, and material resources.

In recent years we have seen a major disruption in the financial stability of many private companies, companies whose investments drive the construction industry. Those companies have been looking for ways to reduce their operating costs and as a result are reducing their construction budgets. At the same time, the cost of production, materials, equipment, and labor are creating a ripple effect in the industry.

 

Why can renting heavy equipment be better than buying it?

Helps reduce overall costs

In the construction industry, a general rule is that if you have a short term need, you should consider renting it. The purchase of new construction equipment is expensive, if you can find it these days, and can have a significant impact on an organization’s budget. The rental option has become popular for many construction companies as it allows them to cut long term costs and run a more financially sound business. The quality of the work cannot be compromised at any cost. But managing costs and productivity is important.

In addition, the purchase of equipment is a long-term investment. Initially, the company’s financial situation may allow a purchase. But, as the economy changes, so do organizations’ financial situations. By renting equipment it will help you align your current financial situation with long-term expectations.

Improves efficiency

Construction companies are usually juggling multiple projects at once. Different projects may require different equipment. In those cases, instead of incurring the logistical costs of moving equipment from project to project, consider renting specific equipment for a specific project’s locations. This eliminates any delays you may experience and helps to provide each project with the proper resources to efficiently complete the project.

It helps to avoid maintenance issues

Buying and maintaining equipment is not an easy task. The space for storage, regular maintenance intervals, inspections, etc. should be considered while purchasing equipment along with the expenses that come along with it. With renting equipment, the time and labor costs associated with maintenance and repair are much lower and easier to manage. Instead of worrying about maintaining the equipment for its life lifecycle, rentals allow you to focus on the near future instead of spending time planning for long-term maintenance.

Access to the latest technology

Once you buy equipment that fits the budget range and requirements of that period, it is not easy to upgrade to more advanced equipment at a later time. Technology changes and there is always more advanced machinery being released to the market. Renting offers you the option to choose from a wider selection of late model equipment that will allow you to always be using the latest technology.

 

How to choose the right rental partner

We understand that selecting the best equipment supplier for your project is a critical decision for any project team. From customer service, to product availability, and price, there is a lot to consider when choosing the right supplier.

At National Dispatching, we focus on building long-lasting relationships with our customers. We know that building trust in the services we provide as well as ensuring the quality of products being supplied is critical to the success of your business. With over 13 years of experience in the industry, what makes us stand out is our sense of urgency, service, and industry leading technology.

Access to inventory

Another factor we are very proud of is our vast supplier network. Every project has different equipment needs and that’s why having access to the right equipment when you need it is an essential part of the equipment supplier relationship. The benefit of renting heavy equipment from National Dispatching is that you do not have to worry about availability. We will do whatever it takes to find the exact equipment you need, when you need it.

Price

With the current supply chain issues, many rental partners are having a hard time replacing their aging fleet. At the same time, rental fleet utilization for many categories are at all time highs. Prices are following suit. It is our goal to provide you with the best equipment, from the closest location, at a competitive price.

Convenience

At National Dispatching, you can view, select, and book equipment right from our website. Don’s see what you need online? That’s not a problem, call us anytime and one of our skilled procurement coordinators can assist you.
National Dispatching can help your company improve productivity and it is our goal to help you get your projects completed ahead of time and under budget without compromising quality.

Service territory via our qualified partner network

Alabama, Alaska, Arizona,Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, PennsylvaniaRhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming