Try Before Committing to a Purchase
Another benefit to renting is trying out the equipment to make sure the equipment is something that the company would like to purchase. This helps to ensure that the company is not investing in equipment that does not perform up to their standards and that the equipment includes the product options most desired or required.
Scheduling and Securing More Projects
When scheduling projects a lot can happen that can interfere with either the start of the project, the progress that is made throughout the duration of the project, or concluding the project so the organization can move on to new projects. When a company transitions from one project to another there can be a delay if the company is limited on excavators and other types of equipment they have access to. They have to wait for one project to come to a complete end prior to transitioning the equipment and workers to the new project.
When renting equipment multiple excavations and other heavy equipment can be rented simultaneously which can reduce the transition time from one project to another, or multiple projects can be worked on at the same time. A company could go as far as doubling or tripling the number of jobs they do in a given period of time, having a substantial positive impact on revenue and profits.