If you’re undertaking a construction project, you will have a lot to consider. Even a construction project for a single-family home can be an incredibly complex undertaking. There are permits, planning permission considerations, infrastructure concerns, materials supply, and countless other factors that need to go perfectly smoothly if you want to pull off your project.
Perhaps the most important thing to consider is your building equipment. When it comes to construction projects of any kind, you are only as good as your tools. If you don’t know where to begin, read this handy explainer on how to get the construction equipment you need.
1. Decide What Building Equipment You Need
First off, you need to get a crystal-clear idea of the construction equipment and building materials that you need. Each construction project is unique, and you will not need, say, a 500-foot-tall construction crane if you are building a small suburban home.
There are countless things to consider when putting together your equipment list. Do you need a boom lift or a scissor lift? Perhaps you need engine-building equipment? What about an asphalt paver or an off-highway truck? Your building environment will largely determine the equipment you need, so keep this in mind at all times.
2. Find a Quality Vendor
The success of your construction project may very well hinge on your choice of vendor. It is absolutely essential that you select a construction equipment vendor with plenty of experience that can offer you the value for money and transparent pricing that you deserve.
Additionally, you need to ensure that your seller specializes in exactly the kind of equipment that is needed for your project. For example, if you are in need of jib cranes, only choose a vendor with a wide selection of jib cranes on offer. This way, you are paying for their expertise as well as the equipment itself.
3. To Buy or to Rent?
This is the burning question that every project manager must contend with at some point. As a general rule of thumb, most industry experts say that, unless you are going to be using a particular piece of equipment 60-70% of the time, you should consider renting. After all, buying construction equipment is a hugely expensive undertaking, with costs running far beyond the initial sticker price.
If you rent a piece of equipment, the company can look after the maintenance side of things, saving you time and money. However, owning a piece of equipment can be a way of adding valuable assets to your balance book.
4. Storing Your Equipment
Storing your construction equipment properly is absolutely essential. Your equipment could be worth millions of dollars, meaning you need to keep it safe from both thieves and environmental damage. A dedicated on-site equipment storage building is a must.
You should also make sure that your insurer is aware of any and all security measures you are taking to look after your equipment. This will help to keep your premiums down.
More Explainers for Your Business
Understanding how to secure the building equipment you need for your project can help you achieve business success. For more no-nonsense explainers on the basics of industry, we have got you covered. Make sure to check out our dedicated Business pages for more information and advice on the things that matter.