Renting Heavy Construction Equipment for Added Profits

If you are in the market for a crane rental, it is important that you understand the different aspects of the leasing process. There are many things to consider when leasing cranes, such as the cost, the length of the lease, and what type of crane you need.

This article highlights three important aspects of crane leasing that you should be aware of. 

Cost

The cost of renting a crane can vary depending on factors such as the size, weight, and type of crane needed. These are important factors to take into account when determining the cost of a crane lease.

You might need to discuss with your project team to determine the size, weight, and type of crane needed for a particular job. The rental company can then sign off on the right crane and disclose any additional costs that might apply.

It is important to research how much you are likely to be charged before signing any contract. You want to be sure that the cost of renting is aligned with your budget.

Length of Lease

Most agreements are short-term solutions that typically last anywhere from one day to several weeks. However, if you are looking for a longer-term solution, such as several months or even years, you may be able to negotiate with the rental company about a more flexible contract.

For example, some crane leasing companies may offer an option of leasing the crane on a month-to-month basis instead of signing a long-term contract right away. This would allow you to renew or end the lease whenever you need to.

Either way, you need to make sure that the length of the lease agreement is sufficient for your project. Longer lease agreements tend to have friendlier terms since the rental company can count on a steady source of revenue. So, if you have a project that may take some time to complete, it's best to get the most favorable terms possible.

Crane Operator

Depending on the type of crane you need, you may be required to provide an operator with the crane rental. The operator has to be certified and familiar with the rented crane. The operator is responsible for moving the crane safely without any accidents or damage.

Sometimes, the rental company can provide an operator to operate the crane if you do not have one. This is known as a "wet" lease, meaning that the rental company supplies both the crane and the operator. However, this can come at an additional cost, so it's important to consider this when calculating your budget.

Contact a company like Floyd Steel Erectors, Inc. to learn more.