Renting construction equipment

For many contractors and construction companies, renting equipment can offer an attractive, cost-effective alternative to consider as construction work strengthens this year and shows growth in 2011.
At a time when cash flow and credit can be tight, renting offers construction companies access to a wide variety of construction equipment for added job versatility without the added headaches associated with ownership, including the cost that comes from warranties, regular maintenance and repair, transportation, insurance and storage. Once you’ve decided renting is the better option, the next step is to determine which rental company you will work with.
Those who rent construction equipment recommend asking several questions before signing a rental contract, including:
What is your maintenance schedule for equipment?
What is your response time if the equipment isn’t working?
What are your pickup and delivery times?
What are your hours? Is someone always available after hours if there is a problem?
What training do you provide?
What are your rates?
Are there any additional fees?
What are your billing policies?
What are your policies for returns?
By selecting the right equipment rental company, you will have a partner to provide the equipment and service you need to complete your project.
If, however, you have decided that renting is not an ideal option for you, but your budget does not allow you to buy all the equipment brand new, here is an idea – there are companies, such as Tradebridge Connect, which offer repossessed equipment at low fixed prices and a guaranteed good working order of the machines with favourable terms and easy sales procedure.
Sellers like this one act on behalf of the lenders and ensure the equipment is sold quickly and profitably for the financial institution. A savvy buyer, in turn, can profit on the urgency of sale and purchase an excellent piece of equipment at an amazingly low price. If you are planning to research this option, make sure these sellers offer guaranteed condition of the equipment and have it quality tested. And make sure you are able to buy straight away without getting involved into bidding at an auction.