3 Tips to Save Money on Your Earthmoving Equipment Hire
It doesn't matter how big or small your excavation project is—you can always hire earthmoving machinery, like Bobcats, for any excavation job. Although hiring earthmoving equipment only costs a small fraction of the total cost of purchasing the equipment outright, it can also be a costly undertaking. You certainly don't want to pay top dollar, so you will probably be shopping for the best rates.
Here are a few tips to save you money when hiring earthmoving equipment.
Weigh up insurance options
Anything can go wrong when you're using earthmoving equipment at your worksite. If someone gets injured or property gets destroyed while the machinery is under your watch, you may be held liable for the injuries and property damage. For this reason, it is important to have sufficient insurance coverage to protect your business against such risks. With that said, insurance coverage for earthmoving equipment costs money. Before buying insurance coverage offered by your hire company, find out if your own insurance policy includes coverage for hired equipment. If not, find out how much the additional coverage will cost and compare that amount to the cost of coverage offered by your equipment provider. You can save money by choosing the option that provides you with sufficient insurance coverage at the lowest premiums.
Negotiate discounts for unfavourable weather
If bad weather gets in the way of your work, you may end up paying for machine hours you couldn't utilise. Even worse, you may need to extend your hire period to make up for the idle time. Before renting earthmoving equipment, find out if your rental company offers any discount on rental rates when you can't work due to inclement weather. You might be surprised at just how much money you can save on these discounts if bad weather disrupts your work.
Haggle to get reduced rates for longer rentals
If you are going to rent earthmoving equipment for a longer period, you can use that to haggle for a reduced rate with the hire company. In most cases, longer rentals have a cheaper rate. One costly blunder many people or businesses make when they are comparing quotes from various earthmoving equipment hire companies is to simply look at the amount they will be paying to the hire company. They don't take time to check what's included in the rental rates. With all extra charges included, the more expensive rental may save you more money than the cheaper rental without extra costs included.
If you are interested in Bobcat hire in particular, seek out businesses that provide this service.