6 benefits of plant and machinery hire for construction companies

Are you trying to decide on whether to choose plant and machinery hire or buying your equipment outright? Hire offers a range of benefits to construction companies, including cost savings, flexibility, access to the latest technology and improved operation efficiency. Read about the top 6 benefits of hiring your construction machinery below.

1. Cost savings associated with plant and machinery hire

 

Construction machinery hire can be extremely cost effective as opposed to purchasing. This is especially true for short term or occasional usage.

Reduced capital expenditure

Purchasing heavy machinery outright can be expensive. By choosing construction equipment hire, construction companies can avoid the substantial upfront costs associated with buying equipment.

Lower maintenance costs

Maintaining and repairing your own machinery can be costly and time consuming, and these costs tend to be covered by most plant and machinery hire companies (at Ace Plant, we do offer after sales servicing and inspections for sales equipment, too).

No depreciation

You probably already know that owned equipment depreciates in value over time. Plant and machinery hire avoids the financial impact of depreciation on the construction company’s balance sheet. Most construction machinery actually depreciates over 5-7 years.

Try before you buy

Another benefit of plant and machinery hire for construction companies in the first instance, is that it offers the opportunity to test the machinery in real-world conditions before deciding whether to invest in purchasing it. 

 

2. Plant and machinery hire is flexible

 

Construction equipment hire offers much more flexibility than buying outright, allowing your construction company to tailor its fleet on the scale you need and depending on your current requirements.

Project-specific machinery

Depending on the project you have going on, your machinery requirements will likely differ. Construction equipment hire will allow you to access the specific equipment needed for each project without committing to a purchase – particularly if the project doesn’t make up a huge part of your day to day business, or your work changes seasonally.

Scalability

If you have a large project coming up, your company can scale up its machinery inventory quickly, and then scale down just as quickly when the project has been completed.

 

3. Access to the latest technology

 

If you’re a smaller business, you can still access the latest technology with construction equipment hire.

Modern equipment

Hiring from reputable rental companies, like Ace Plant, means you’ll get access to the latest and most advanced machinery, which can increase efficiency and safety on-site.

Regular upgrades

Plant and machinery hire for construction companies ensures that machinery is up-to-date with the latest industry standards and technologies, as rental companies frequently update their inventory.

 

4. Reduced storage and logistics issues when hiring

 

If you have limited on-site space or lack storage facilities for a full fleet of construction vehicles, construction equipment hire is a viable option for your business.

No storage costs

Storing large machinery can be costly, and hiring eliminates the need for long-term storage solutions.

 

5. Financial and operational efficiency

 

Hiring your construction equipment can improve the financial and operational efficiency of your business.

Predictable costs

Plant and machinery hire tends to involve predictable rental costs, which can make budgeting easier compared to the variable costs of ownership.

Improved cash flow

By avoiding large capital expenditures associated with buying, your construction company can maintain better cash flow – crucial for operational flexibility and financial stability!

 

6. Compliance and safety benefits of plant and machinery hire

 

Compliance and safety can be improved through plant and machinery hire for construction, including regulatory compliance via regular inspections.

Regulatory compliance

Ace Plant ensures that our equipment meets all necessary regulatory and safety standards, reducing the compliance burden on construction companies.

Read more on the Supply of Machinery (Safety) Regulations on the GOV.UK website.

Regular inspections

At Ace Plant, our inspection service means that machinery remains in good working condition, reducing the risk of on-site accidents.

The Provision and Use of Work Equipment Regulations details the circumstances within which inspection is required to ensure health and safety conditions are maintained. 

 

With 50 years of experience in equipment hire, our team can assist you in finding the right machinery for your requirements. To find out more about the construction machinery hire options we offer, call us today on 01908 562191 or email us at [email protected]. Alternatively, fill out one of our enquiry forms and an expert from our team will get back to you shortly.

 

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