3 Things To Do Before You Rent Construction Equipment For The First Time
If you are opening up your first construction company, you will probably have to rent many kinds of heavy equipment. That's because you aren't necessarily going to have the capital to invest in all the equipment you need at the beginning. Instead of going into debt, you can choose to rent heavy equipment; if that's what you are going to do, there are things you need to do first.
Talk to Your Competitors
If you have a civil relationship with any of your competitors or other people who have rented heavy equipment, you should take the time to talk to them. There are a few reasons for this. One is that you can find out what their experiences are with any particular companies. The people you talk to may be able to suggest a rental company that you should avoid or one that has really good service or has a large selection of equipment.
Talk to Your Attorney
After you have decided which company you want to work with, you should talk to your attorney. Leases for renting construction equipment are usually much more complex than a rental agreement for a car or RV. The lease agreement will have information about things like what you are liable for as well as what the rental company is liable for. It is a legally binding agreement, and you should never sign any legal document without your lawyer looking at it. Your lawyer will make sure that all the terms are as fair to you as possible.
Look at Service Records
Before you take delivery of any piece of equipment, you should ask to see the service records of that particular piece of equipment. You are looking to make sure that it has been serviced at all the appropriate times and that the piece of equipment has a lack of malfunctions. See if you can get a copy for the service records to keep in your records. That way if you are responsible for making sure the piece of equipment is properly maintained while you are renting it, you know what has been done and when it has been done. That can give any technician working on the crane a good idea as to what the problem could be.
If you need bare rental cranes or any other kind of heavy equipment, you want to make sure that you are not only getting the best piece of equipment for your business but that you are also getting an agreement that is good for you.