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Cranes are monstrous pieces of equipment, so they can be pretty expensive to rent. But if you want to rent a crane without going bankrupt, here’s how.
If you run a small construction company, being careful with money is essential for the growth of your business.
Fortunately, services like crane rental are designed with businesses like yours in mind.
Crane rental is an economical way to use crane equipment you need, as you’re only required to pay a small fraction of the total cost of purchasing that particular equipment outright.
That said, are you aware the potential cost savings when you rent a crane can be even greater?
Here are a few effective tips to help you save dollars when renting a crane.
Choose the Proper Crane Size
Crane manufacturers understand that not all heavy-lifting work is the same. That’s why they make cranes rated for different tonnage.
Calculating the right crane size for your project is essential for saving money on your rental.
If you choose equipment too big for your project, you will end up paying extra for underutilized lifting capacity. If the machine delivered to your site is too small for your job, you may also incur extra costs to have it replaced.
If you want to save money on your rental, you’ll need to establish the maximum amount of weight you’ll be lifting, then match it to a crane’s lifting capacity.
Determine How Much Insurance You Need
Having different types of insurance coverage is vital to ensuring your construction company is adequately covered against financial losses suffered due to injuries or property damage caused during crane operations.
Often, your crane hire service will offer to sell you insurance separately. Before accepting their offer, find out how much coverage your own business insurance provides.
You might find out you’re already covered against some of the risks your hire company wants you to buy insurance for.
Consider Proximity to Your Jobsite
Where do you want your crane equipment delivered?
The longer the distance involved, the more it will cost to transport your machine to and fro its destination.
You can save more money by renting a crane from a company located near your job site as opposed to one located farther away.
When it’s time to rent a crane, don’t settle for the first quote you receive.
Request quotes from a few crane hire services in your local area and choose a quote that will save you money.
This doesn’t mean you should look for the cheapest crane hire quote. A cheap supplier may cost you valuable time and make you lose money. Simply take time to understand what’s included in each quote and what’s not included.
Interestingly, you may learn that a more expensive quote with all the vital extras included will save you more money than a cheaper quote without the extras.
Are There More Ways to Save Money When You Rent a Crane?
Of course, there are other ways to save money when you rent a crane. The above-discussed strategies are just a few of the many you should know about.
To find out other ways of maintaining healthy finances, check out our blog on how to save money in your business.