If you are a contractor looking to bid your next roadway construction job, you must make sure you keep your bid competitive. If you bid too high, you will likely be passed over. If you bid too low, you run the risk of not making enough money after equipment costs. Fortunately, a crane rental can provide you plenty of benefits. Understanding those benefits can assist you with ensuring you make a profit on your next roadway construction job.
Purchase vs. Rental
How can you ensure your bid is competitive if you need to make sure you have the money to purchase of service equipment you need for the job? The answer lies in equipment rental. Cranes are often used for roadway construction, especially if that construction involves bridges and overpasses. Purchasing a crane is often far more expensive than renting a crane.
A tower crane, for example, can cost anywhere between $300,000 and $1,500,000. If you need to purchase a crane for the construction job you are bidding, you will need to throw out a high bid. Unfortunately, a high bid is not likely going to land you the job. If you rent a crane, however, you are looking at a lot less money to spend.
Renting a tower crane usually costs approximately $60,000 for the installation and disassembly. You will also have to pay a monthly fee of around $15,000 plus additional fees if you need mast sections and a climbing frame. When you do the math, that is thousands less than the purchase of a crane. Take into consideration that the rental company will also take care of the crane in the event of a manufacturer-related malfunction, which means less out-of-pocket costs for you.
Safe operations are a must anytime you perform construction work. Safety is especially important when operating a crane. Cranes are large pieces of equipment capable of lifting a large load. The crane swings the load to the specified destination. The swinging motion of the crane can create hazards on the job. Unfortunately, it can cost money to train your workers to ensure they are able to operate the crane successfully.
With crane rental services, you are often provided with specialized personnel that can operate the crane for you. Keep in mind that requesting a qualified crane rental operator may come at an additional cost. However, opting for a crane operator through the rental company ensures that you are always safely operating the equipment.
Crane accidents can result in injury or even death. If an accident occurs on your job site, it can shut down operations and cost you thousands of dollars, which eats into your overall profit. Should you choose to have a professional crane operator on sight, you can reduce the likelihood of accidents from occurring, thus saving you money and ensuring you make a profit from the job.
No Maintenance Costs
Owning a crane may seem like a good idea, especially if you plan on using cranes for multiple jobs in the near future. However, maintenance costs can add up. If you have to shell out money to perform maintenance, it means that you also have to increase the bid for your roadway construction job. Instead, check with the crane rental company of your choice to make sure they offer maintenance with your equipment rental.
Many companies are more than happy to provide the maintenance since they want to make sure their equipment stays in tip-top shape. A rental company is not likely going to make much money if they do not maintain their equipment properly, nor will the equipment operate safely without proper maintenance.
If you would like to learn more about crane rental options for your next roadway construction job, contact a professional near you.