To perform any task, advanced planning is required to complete the projects. As we know a huge Construction project would float in the next fiscal, as the Indian Government announced to invest Rs. 3.96 lakh crore for the country’s infrastructure, thus people associated with construction industry may soon start their planning for fleet management.
Here we will see different ways, which usually considered during the project planning regarding the management of the equipment for the projects. Generally, contractors consider three options during the planning stage, 1) Buying New Construction Equipment, 2) Rent, 3) Buying Used Construction equipment, which entirely depends on the budget and project requirement.
Buying New Construction Equipment
Buying new construction equipment has various advantages than disadvantages. Today whoever buys the new Machine; they prefer the technologically-advanced machine which provides different advanced features to perform the task easily, help in increasing productivity with minimum human involvement, fuel-efficient, environment-friendly, low-maintenance cost and can also be remotely monitored. But, buying new construction machinery is always a costly affair, not everyone can afford buying a new machine. However, big contractors prefer to purchase a brand new machine so that it can be used for a long period.
Rent Construction Equipment
People who are unable to buy a brand new technologically-advanced machine due to budget constraint, but he can still use such machine on Rent. Many contractors prefer renting the equipment rather than owning it, due to various advantages. Renting is having various advantages like one can hire the machine for temporary projects, rent any types of machinery, without owning the machine you can start the project with hired machinery, you can hire machine wherever you required, and others.
By looking at the rising demand for hiring construction equipment, many construction equipment manufacturers also started rental services and providing their new machine to contractors on rent. Renting option reduces the burden of maintenance, servicing, transportation of the fleet, etc.
Many online companies like EquipmentOneStop.com started rental services in India, where people from across the country can hire different types of construction machinery for their temporary projects.
Buying Used Construction Equipment
When the budget does not allow investing in the new heavy equipment, buying used construction equipment from resale market help you keep the overall budget in control. Buying used machine may reduce your budget 30 to 40%. Earlier due to limited reach, buying used construction equipment was a challenging task, but due to the rising number of organized players and emergence of e-commerce companies have given the new height to the resale market.
The used machines do have some disadvantage, but careful inspection or selection of the machine may help you to reduce some extent of its disadvantages.
The online companies provide all kinds of used construction machinery, like Excavators, Backhoe Loaders, Wheel Loaders, Motor Graders, Cranes, Pavers, Road Rollers, Dumpers, and others.