Concrete Pump Rental vs. Equipment Investment
Concrete Pumps have gained popularity in the industry due to their benefits in terms of increased productivity and lower labor costs. There is no arguing about how essential it is to have a concrete pump on site. However, the common dilemma, especially for new companies, is whether it's better to own one or rent one. Concrete pumps are machines; therefore, they are one of the costliest construction equipment there is. It's one reason why companies turn to Concrete Pump Rental companies instead of buying their own. Here are some points to consider if you are torn between renting or investing
1.Decrease rental costs.
One of the most critical questions in buying a concrete pump is how often you will use it? If you are just starting in the industry, you probably sign only a few projects from time to time. Concrete pump rental is usually charged per day, and since the equipment itself is expensive and considering the maintenance costs, it does come in quite a hefty price. For smaller projects, using a concrete pump may not even be necessary. But if your projects are more complex, and your overhead trend shows that a massive chunk of your budget goes to concrete pump rentals, it would be a wise idea to just invest in your machine.
Depending on your area or the rental company of choice, there will always be a chance wherein the concrete pump you're trying to rent is rented out by someone else. In some cases, there are no available Concrete Pump Rental companies in the area at all! Since you do not have your own, the machine's unavailability will most probably cause a delay in your project's schedule. By having your own machine, you gain flexibility when scheduling works across all your projects. Investing in a machine means eliminating the need to contact rental companies back and forth to get a machine, especially when the need is urgent. Also, you can lessen the chances of the machine breaking down, especially if you have proper control over its maintenance, unlike if you are just renting one out.
3. You can rent it out.
As mentioned earlier, concrete pump rental does not come cheap because it also requires owners to shell out a considerable amount to procure the machine. Most contractors do lessen the burden of paying for the machine to rent it out for additional income. By doing so, owners can generate revenue from their investment. On top of that, the machine does not deteriorate by just lying around a warehouse when not in use. In fact, some companies opt to focus mainly on Concrete Pump Rental and not on construction since the demand for concrete pumps, especially among small companies, is high.
4.Additional maintenance costs.
Like cars, concrete pumps require proper maintenance such as cleaning and greasing to perform better and last longer. It also requires excellent attention to detail from highly skilled operators and crewmembers to spot damages, especially in the pipelines. Owning a concrete pump means you should be ready to shell out funds for maintenance from time to time. Looking on the bright side, owning a concrete pump will save you money on the rental and may even generate income for you by renting it out to other contractors. Maintenance costs would most likely be covered by your savings and generated revenue. Most concrete pump rental companies include the maintenance costs as part of their packages. If you think of it, it's not every day that the machine will break down, primarily if appropriately maintained.
5.Concrete Pumps come in different sizes.
6.Finding a trusted operator
One of the essential factors in Concrete Pump Rental or procuring is having a skilled operator fit to do the job. If you are renting out a machine or do not have your own, usually the rental companies deploy operators that would operate the pump. This way, the person controlling the pump truly knows the machine and has enough knowledge of troubleshooting it. Skilled operators are the brains of any concrete pumping task. Without an experienced operator's wits, it's likely to have issues and delays during pumping, mainly because the person in charge does not know what he is doing. By hiring an operator lacking skills, you are generating overhead costs and putting your project in jeopardy.
Owning a concrete pump is a considerable investment even though there are many advantages to owning a concrete pumping machine. Still, it would be best if you considered all factors first before procurement. Besides being a considerable investment, it also comes with a lot of overhead from maintenance and requires continued training. The tips discussed in this article are just points to consider. Only you, as a potential owner, could tell if it makes financial sense to invest in a machine or not.
And if you finally decide that it's time for that big purchase, you may want to check out https://www.junhuamachinery.com/ . Please browse through the various world-class quality concreting machineries they offer, such as Concrete Pumps, Stationary Batching Plants, and Mixer Trucks. Make the most out of your investment by buying from one of the best suppliers in the market!