Construction in the Indian market involves long term returns and heavy expenses. The cost of the equipment is a major expense for deciding the financial success of the construction company. Hiring Construction Equipment Rental equipment has become a global phenomenon though in India the construction companies still prefer buying the equipment. Let’s read the benefits of renting the equipment.
1. Storage space isn’t required-the company that gives the equipment
on rent caters to the storage of the equipment. The finance required for the storage
of the owned equipment adds to the financial burden of the company. Also, the companies that are big possess
operations throughout the country. This requires them to transport as well as
store the equipment at varied construction sites. Renting makes one overcome
this hassle.
2. Maintenance isn’t required-The expenditure for the maintenance
as well as the related expenditure of the equipment is done by the renting company.
Even when the equipment breaks down at the site of the construction, also the
expenditure is done by the renting company.
3. Transportation isn’t a challenge-the transportation costs across the
states are quite high and involve logistical challenges. The profits made from
the projects get eaten up in transportation Heavy Equipment Companies In India of the machinery from one
construction site to the other. Renting the equipment can help you reduce this
cost.
4. Acquire access to latest
technology-Renting
helps you by providing you with the access to the machines with latest
technology and that too without spending money on the purchase of such
equipment. The latest technology helps in reducing the time line and further
enhances the profits. Renting provides you with the access to the latest machinery
and that too at subsidised rates.
5. Get the financial benefits-The capital costs get depreciated
throughout the life period of the equipment while the rental cost gets deducted
from the expenditure of the company. The owned equipment’s’ costs starts depreciating
the moment you purchase the equipment while depreciation is not calculated if
you rent the equipment.
6. Know the equipment- Renting allows you to use the
machinery for a very long time. You needn’t buy the machine for deciding
whether you want to own the machine or not. Renting gives you such an
experience and you again can save the finances.
7. Supplementation of the core fleet- You can supplement your core fleet
at lesser costs by renting. This even makes you expand your fleet’s capacity
and capability. This further leads you to meet your stipulated deadlines and
allows you to take bigger projects at lower costs.
Renting
equipment has enormous benefits and for renting the equipment, you can contact
Suntech Infra Solutions at. +91-11-47047766