Renting Instead of Buying Heavy tool Can Give Contractors a Financial Edge
When a undertaker of a package deal has a large job and needs a specialized tool or piece of heavy equipment, sometimes the best thing to do is to experience an tool rental place rather than purchasing it. While rental tool might seem to be less of a good thing than owning it, the liability of maintenance and storehouse when not in use is a sick saver for most companies. Unless the undertaker of a package deal has a large carport and storehouse installation just for euipment that is not in use, the ability to secure expensive tool is compromised.
The news do not often portray the enormity of the cost of tool thefts, but sometimes there will be a story that is so greatest they will run it. A case where five pieces of heavy tool that were stolen from a job site where they had been parked by the undertaker of a package deal and then sold was one such story. The wide cost of the loss was in the hundreds of thousands of dollars and most of the tool had been sold before the authorities discovered who the thief was. If the tool had been rented, it would probably not have been stored irresponsibly. Still, losing five major pieces of tool like heavy earth movers, track hoes, back hoes and asphalt layers does not seem like a loss any company wants to deal with. The assurance might cover the loss, but replacing depreciated tool is not an easy thing to swallow financially. Used tool offers some tax breaks, but rental tool does as well and increases the ability for a company to cash flow without the overhead of tool payments.
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