It is impossible to anticipate every equipment or machinery need for a construction business. Most jobs will require core equipment, but there will be others that need special equipment. Building homes on a lot of lands, for example, rarely requires an excavator. That large contract for a home to be built along side a hill will definitely require an excavator. Excavator Rental in Baltimore MD can allow even smaller construction companies to put in a bid for that job. The lack of an extensive fleet of machinery does not have to limit the business. Temporary access to equipment through renting is quick, affordable, and helps expand capabilities without expending a lot of capital. Service and maintenance are handled by the renting company, so those expenses are not added to the business. Most rental contracts require a security deposit, proof of insurance, and a few conditions, such as returning the cleaned equipment with a full tank of gas.
Rental companies usually provide a wide range of equipment from several top manufacturers. That gives the business the freedom to choose the size and attachments needed, and the brand preferred. Check with the company in advance to ensure the desired model(s) will be available for the required dates. It is also possible to get an Excavator Rental in Baltimore MD on an emergency basis, if the construction company has an excavator that has broken down. Rental agreements are flexible with daily, weekly, and monthly terms offered. Another machinery is also available for rentals, such as tractors, trailers, backhoes, lifts, and generators. Many rental companies also have equipment for sale or lease, provide parts and supplies, and can offer repair services on all construction vehicles.
Leasing equipment is another option for gaining access to equipment. Purchasing may not be possible, especially if the construction company is small, or has limited capital. Leasing is less expensive, requires a minimal down payment, and does not count as an asset. That means the business saves money on taxes, insurance premiums, and the payments go under operational expenses rather than capital liabilities. The difference is important if the business applies for a loan or a credit extension. Some businesses lease long term to free up capital for emergencies, expansion of buildings, or updating technology. Construction companies can visit the website for full details and pricing on rental and leasing contracts.