How Contractors Can Save Money with Rental Equipment companies in UAE
Construction projects often go over budget for a variety of reasons, such as mistakes in the design, an increase in the size of the project, bad estimates, and so on. Therefore, construction companies are always seeking to maximize their resources and save expenses.
In comparison to the operational expenses of other sectors, the cost of heavy
construction equipment is comparatively expensive. These equipment are not only expensive to purchase, but also costly to run and maintain. In addition, equipment ownership has tax and insurance issues.
Ironically, construction equipment is one of the largest expense factors affecting a contractor's bottom line.
Consequently, machinery rental is becoming more prevalent in this market area.
Technology has played a significant influence in streamlining and simplifying the equipment rental process.
For instance, the machinery rental industry is seeing telematics development. Almost all OEMs have established their own telemetry monitoring system or cooperated with third-party companies to do so. Monitoring everything from battery to hydraulic fluid levels, the technology eliminates the need for maintenance.
Similarly, many machinery rental systems have totally computerized inventory management, order tracking, equipment availability display, and overbooking prevention processes.
Therefore, let's examine how rental construction equipment might benefit heavy equipment rental companies in UAE.
Renting is less expensive than purchasing
The total cost of ownership (TCO) is more than the cost of rental construction equipment. Equipment acquisition is a substantial expenditure that requires up-front funds. This initial purchase price might have a detrimental influence on the project's budget.
Moreover, spending such a large sum of money on equipment leaves no funds for other components of the project.
On the other hand, renting provides contractors with the ideal chance to save money and acquire access to technologically updated equipment. This helps contractors to organize their resources more effectively.
Reduces maintenance and repair expenses
If you own construction equipment, you are responsible for its maintenance and repairs regardless of its availability. Owners of
machinery and vehicles must spend in the optimal condition of their equipment.
This not only incurs a substantial expense but also results in downtime while maintenance is undertaken.
When contractors choose to rent their equipment, this problem is fully resolved. Although machinery rental requires some
maintenance and repair, these expenses are not incurred throughout the equipment's life. The rental equipment companies in UAE are responsible for related time and labor expenses.
Consequently, rental construction equipment reduces maintenance expenses and assures little downtime.
No Worries Regarding Depreciation
The depreciation of construction trucks and machinery is a significant expense for equipment-owning firms. The value of machines continues to deteriorate during their lifecycle due to wear and tear, regardless of their performance.
This makes it difficult for contractors to repay the original investment cost upon resale.
Therefore, before acquiring a piece of equipment, contractors should carefully examine the duration of its intended usage. If the equipment is projected to be replaced within a few years, the investment is not worthwhile. This will not affect your net income since there will be no depreciation expenses.
Provides more adaptability
One of the greatest advantages of machinery rental is that it allows contractors to make flexible business choices.
As previously said, acquiring equipment is a substantial expenditure that ties up a substantial percentage of your resources for years. This restricts your ability to bid on or accept new projects.
On the other hand, rental construction equipment increases your flexibility since you may lease a broad variety of equipment depending on the type of tasks you do.
Saves Additional Expenses
When calculating the cost of owning heavy construction equipment, it is easy to underestimate the potential for extra costs.
For instance, because you possess such hefty and costly equipment, you will need to get enough insurance to protect against theft and damage.
Additionally, you must store the equipment in an appropriate area to prevent environmental harm. This necessitates an investment in a facility where it may be stored safely while not in use.
Lastly, moving equipment to construction sites is a difficult and expensive endeavor. Transportation requires a substantial amount of work and time, impacting the company's the production and project efficiency. Not to mention the wasted time caused by delays.
All of these expenses might have a significant impact on your bottom line.
However, while in rental construction equipment, you do not need to consider these factors since the rental equipment companies in UAE handle them. Consequently, these costs are dispersed among the tenants via rental payments.
In addition, you need not be concerned with the practicalities of keeping or transferring the equipment.
Consequently, rental construction equipment is less expensive and less stressful for contractors.
Enables Easy Equipment Swapping
Investing in pricey heavy machinery is risky. For instance, you may discover after purchasing that the equipment is not what you thought or required for a particular job. In such a scenario, returns may be complex. ,
However, in rental construction equipment, it is simple to return it for a different size or type. This helps you to choose the most suitable equipment for your requirements.
Different types of Construction Equipment in UAE
Knowing the most common types of equipment used in the construction industry can help everyone better understand what goes on. Workers are better able to recognize possible risks and take the necessary actions to protect themselves when they are aware of the activities occurring on a working site.
Here is a list of some of the most popular kinds of construction machinery rental used on construction sites:
Backhoes
This kind of hydraulic excavator is equipped with a hinged boom and a bucket that it pulls toward itself to transport various natural and artificial objects. At the end of the bucket, some jaws can move to grab and hold things.
Bulldozers
These workhorses are equipped with a broad horizontal metal blade on the front that moves and pushes trash, dirt, soil, snow, ice, rubble, sand, and other materials. Instead of wheels,
bulldozers are set up on moving tracks.
Cherry Pickers
Equipped with a hydraulic
crane and an elevated platform at the end of the boom, these devices assist in lifting and lowering people to precise heights.
Compactors
The heavy drum of a compactor helps to pack things down so that they are fully compressed. When laying asphalt roads, road rollers are often used.
Cranes
Cranes are important for moving heavy things into place. They have
cables and
pulleys that are used to lift and lower materials. A tower crane has a big vertical mast from which a big horizontal crane arm extends. This machine makes it possible to lift steel to the higher levels of multi-story buildings.
Dump Trucks
These trucks transport large amounts of bulky materials to the building site. These trucks carry heavy things like coal, dirt, gravel, sand, and trash.
Draglines
Used in both
civil engineering and surface mining, this excavating equipment has a bucket dragged horizontally by a cable throughout the excavation operation.
Excavators
These are machines that run on diesel and have a bucket on the end of a two-part boom. For digging trenches, holes, and building foundations, excavators are a must.
Graders
These are important machines for building roads and mines. They have a long blade that is used to smooth out and flatten surfaces.
Heavy Haulers
These massive vehicles transport big equipment and cargo to the construction site.
Loaders
The job of these machines is to move large or heavy
building materials like bricks and pipes. These machines don't dig as the backhoe loader does. They have a big bucket on the front so that they can lift and move things.
Mixer Trucks
These trucks are used to make concrete on building sites. Cement, sand, and water are mixed and stirred together.
Pavers
Before the compactor can press down on materials during road construction, the paver must spread the paving material, such as asphalt, on the road. Pavers spread the material out evenly, but a compactor or roller still needs to be used on the road afterward to make sure it is fully compacted.
Pile boring machines
These are big machines that drill a round, vertical hole in the ground. This lets workers put steel supports for buildings in the hole.
Pile-Driving Machines
After the boring machines have done their job, pile drivers make sure that piles are driven into the ground at the right depth. This machine is needed to build support for the ground.
Scrubbers
A wheel tractor scraper, also called a belly scraper, is often used to move small amounts of dirt over short distances. It has a front blade that digs into the ground, and a conveyer belt moves the moved dirt into the scraper's back bed. These machines are one of the most important tools for building roads.
Telehandlers
The telescopic boom on a telehandler can be raised or lowered to lift heavy, bulky items to the right height.
Trenchers
These are tools that look like big circular saws or chainsaws and are used to dig trenches. There are two kinds of trenchers: ones with
wheels and ones with chains. Both are used to dig channels for laying cable or pipe or to make ditches for water to flow through.
Wrecking ball cranes
These are used to tear down buildings that are too old or don't have good foundations. When a big steel ball swings into a building, it can bring it down quickly.
Safety
Extremely high mortality risk exists while operating, maintaining, repairing, or working in the area of heavy equipment. Getting caught in or between machines is the fourth most common cause of accidents on construction sites. Approximately 7% of all construction worker fatalities are due to this kind of mishap. When a machine is operating, all adjacent workers must be alert and aware of potential dangers.
PPE is one of the most significant strategies to ensure the safety of employees. On a construction site, employees must constantly wear high-visibility safety vests, coats, rainwear, and shirts. People who operate large machinery and equipment must be able to differentiate themselves from other employees on the job site who are doing other tasks. In addition, machines have moving elements that may emit flying debris at any moment. Workers must thus use safety eyewear.
Everyone on a construction site should wear high-visibility safety vests, particularly those working near rental construction equipment.
Let's not overlook the individuals that maintain the construction equipment and machinery. Eventually, every piece of equipment needs maintenance. Maintenance personnel fix defective mechanical components and disassemble and reassemble equipment. Every time they do these actions, they risk injuring their hands. Chemicals, wounds and punctures, and heat are all potential causes of these injuries. People who replace mechanical components will likely need welding equipment to protect themselves from sparks and hot metal.
Summing Up
It might be difficult to decide whether to buy or lease construction equipment for your next project or to replace aging machinery. Due to the substantial cost reductions, construction machinery rental is becoming a more flexible and reasonable alternative for contractors.
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