Owning or working in a construction business can be very time-consuming. As a contractor, you spend a lot of time starting with project planning to procurement and execution. It is why a common dilemma in the construction industry is whether it would be reasonable to invest in buying equipment, such as an excavator, or turning to an excavator hire.
An excavator is a large piece of equipment that is used in construction and demolition operations to dig and move heavy objects. It is also used in materials handling, mining, forestry work, landscaping, and site grading.
For reasons highlighting practicability, a lot of construction companies prefer an excavator hire. Here are some reasons why it is recommended to choose this option:
As you may already know, every project is unique. Most construction companies work to produce a specific, often customized, result. This uniqueness corresponds to a variety of equipment. It means different types and different sizes.
In civil and structural projects, smaller excavators are used for landscaping, while larger ones are dedicated to buildings. And again, it is not as reasonable as that. You also need to look at how tall a structure is, how much territory needs to be excavated, how wide the access point is, among others.
Therefore, it will not make sense to buy the equipment if you are most likely going to use it once every two years or so. Keep in mind that as a civil contractor, you will be using an excavator only at the start of the project for clearing the land. And, the bulk of your scope of work will not revolve around the equipment.
If you are a contractor, your expertise might be in the planning and execution of the project. You may have a few good operators, but the selection of the equipment is different. Hire an excavator; look for a subcontractor who will assess your needs and the needs of your client and give you proper recommendations.
Aside from the tedious process of equipment selection, you also have to consider maintenance when you buy the equipment. As a huge motorized machine, an excavator is regularly conserved, ensuring that it functions properly and is safe to operate. However, if you engage an excavator, you only have to worry about bringing their employees on-site. The rest is up to your subcontractor.
Again, an excavator is a large piece of equipment, so if you are a contractor with a small office, where will you store it? Keep in mind that buying one means that you bought it for a specific project. So ask yourself, what are the opportunities that you get a highly identical endeavour that requires the same excavator size?
Plus, if you decide to store excavator equipment in a warehouse, remember that you still have to maintain it. It means that while you spend money on the storage space, you also spend some for sending a technician to inspect the parts and maintain the equipment.
You need to be practical when deciding to acquire such substantial properties. As a construction company, you will benefit more from an excavator hire.