Plant hire is an extremely common and beneficial practice within the construction industry. At AE Faulks, we have a wide range of operated and self-drive construction equipment suitable for both small site and large site operations. Hiring plant equipment as opposed to purchasing your own comes with many considerable benefits which we have outlined below:
One of the most enticing reasons to hire rather than buy is the substantial reduction in costs. The initial purchase costs for machinery can be incredibly expensive and taking on loans or hire purchase agreements is not always the best solution as they require regular payments which can impact on cash flow. Hiring plant means you only pay for plant when you need it and is far more cost-efficient.
If you buy you will also need to pay for servicing and upkeep on all equipment you own. Hiring plant means it’s up to the plant hire company to maintain and service the equipment. Also, any damage to machinery that’s rented from professional plant hire providers will be covered under the terms of your lease agreement. Unless machinery is deliberately damaged, the plant breakdown will likely be covered by the insurance provided under the lease, so you won’t be burning money having to repair equipment you own.
2. High-Quality Equipment
To afford to buy machinery yourself, you may have to compromise by buying second-hand equipment to afford the costs, and the reliability could be questionable. When you hire, you avoid this problem. You know that any equipment you hire has been quality-checked by professionals and is in working order.
Hiring also gives you the chance to get your hands on the highest specification of machinery possible that you otherwise would never be able to afford to buy. Your construction can then benefit from a higher quality of work than you would likely get if you bought your own plant with lower specifications.
3. Large Selection
At a Plant Hire company like AE Faulks, you’ll have the advantage of being able to choose from a large selection of machinery. Purchasing equipment can mean you’re stuck with what you get and may end up having to use it for jobs it’s not suited for resulting in subpar work at best and broken expensive equipment at worst. Hiring equipment allows you to pick from a wide range of different machines for exactly what you need.
4. No Storage Hassle
Not only do you have to fork out for expensive plant equipment when buying yourself, you also need to find adequate storage. Over £70 million worth of construction equipment gets stolen from construction sites every year in the UK, so you’d need to ensure your site has incredibly tight security to prevent your expensive equipment going missing. By hiring, you don’t need to worry about where the machinery is going to be stored, it’ll just get delivered to where it needs to go.
When you hire plant, you get the chance to see all the different range of equipment side by side in a neat package. You can see exactly what is available and read all the information you need to make an informed decision on which plant is the most appropriate for your construction project.
When you buy such an expensive piece of equipment, you’re already going to be thinking about eventually selling it, and how much you’ll get for it. Unfortunately, the value of a piece of machinery plummets the second you pay for it, so you’ll never make back what you initially paid for it. There’s no concern or hassle with this when you hire rather than buy.
Hiring plant gives you the opportunity to be much more flexible with your construction project. If plans change during the middle of a project, you may find you don’t have a piece of equipment needed to finish the job, which can put the entire project on hold whilst you try and find the right kind of equipment needed. You may also end up wasting money on buying machinery that it turns out you don’t actually need. By hiring plant, you can have the flexibility to pick and choose what equipment you need, including during the middle of a project, if you realise you need something else.
Here at AE Faulks, we provide plant hire in Leicester and service the building and construction industry throughout the entire East Midlands. Take time to browse our website or contact us to learn more about our valuable plant hire services to the construction sector.