• By Admin
• Posted February 11, 2019

All About Renting Construction Equipment

Once you have decided to rent some heavy equipment according to your need there are some procedures you have to follow. Maybe you’ve got some big contracts coming down the pipe, you’re growing or expanding your company’s capabilities, or you just need to replace your current heavy equipment. So how do you decide from where to get your kind of Heavy Equipment Rental? Usually, some of the reasons for choosing a repeat rental partner are product availability, dependability of delivery, pricing, communication of delivery status and length of time availability.

At times, common challenges for getting equipment to a job site may include several reasons such as:

• Making several phone calls, to multiple rental companies so that you can find equipment that suits your need at the required time slots.
• if you are working out of state or outside their own region, contractors usually search online for a resource but are not able to vet the unknown rental company in a timely manner.
• Accounts payable and billing logistics can be a nightmare. A contractor may need to process and pay two or more different rental companies each month. Logistically this consumes a lot of administrative time and requires the contractor to deal with more people, contracts, terms and due dates rather than focus on jobs; and In some cases, the desired Heavy Equipment Rental companies are not available via the standard means and normal efforts. With many suppliers claiming all-time high utilization rates, the project manager or rental coordinator ends up spending a considerable amount of time chasing resources, schedules, and availability. 

You may not have a project schedule which permits you time to overcome all these challenges and get your equipment. So there are some best practices you can follow for ensuring the next project has the needed rentals on time and without hassle. Equipment Sourcing Working with a single-source shop can help contractors source all the necessary equipment per job site and take the burden off the project manager. Single source shops are more than a search engine or booking tool, they will also be able to manage delivery and communications about the Heavy Equipment Rental status. 

Simplification of rates, terms, and invoice:

There are accounts payable software programs that can manage and streamline accounting details so the accounts payable team can pay invoices in a timely manner. Another option is to engage with a single source supplier who will simplify the process with one set of accounting and invoicing procedures and terms.   

Delivery consistency:

There is software available that enables contractors to track and monitor rental logistics – this option can reduce the number of administrative personnel needed. There is also the option to outsource the responsibility to an automated supplier network, allowing project managers to spend more time on the core business.  There is no harm in depending on the technology to make things easier. It is applicable in the construction industry as well so that you can have a hassle free dealing.