Case Study: Bare Rental vs. Fully Operated Maintained Rental - which is best for your construction business?
When it comes to renting equipment for your construction business, two options are available: bare rental and fully operated maintained rental. Each crane rental option has its advantages and disadvantages, depending on your business needs and project requirements.
Bare Rental
Bare rental provides you with the equipment you need, but you are responsible for operating and maintaining it. The rental company delivers the equipment to your site and picks it up when you're finished. You pay only for the rental period and any damage that occurs during your use.
Pros:
- Lower rental costs: Bare rental is generally cheaper than fully operated maintained rentals, as you are responsible for operating and maintaining the equipment.
- Flexibility: You have complete control over the equipment, allowing you to use it as needed and customize it to your project specifications.
- Availability: Bare rental is widely available, making it easier to find the equipment you need for your project.
Cons:
- Maintenance and repair costs: As the renter, you are responsible for maintenance and repair costs, which can be expensive, particularly for larger equipment.
- Lack of training: If your team is not trained to operate the equipment, you will need to provide training or hire experienced operators, which can increase costs.
Scenario: A construction company is working on a high-rise building project that requires multiple cranes and Rough Terrain cranes of varying sizes.
Bare Rental: The company has experienced crane operators on their team who are familiar with operating heavy equipment, and they have their own maintenance crew. They decide to go with bare rental for the larger tower cranes and Rough Terrain cranes. This allows them to customize the equipment to their project needs and have full control over its operation. However, they will be responsible for any maintenance and repair costs that may arise during the rental period.
Fully Operated Maintained Rental
Fully Operated Maintained rental provides you with the equipment you need, along with trained operators to operate and maintain it. The rental company delivers the equipment to your site, and you pay for the rental period and the cost of the operator's services.
Pros:
- No maintenance costs: The rental company is responsible for maintenance and repair costs, which can save you money and time.
- Trained operators: Fully operated maintained rental comes with trained operators, saving you the cost of training your team or hiring experienced operators.
- Increased safety: Trained operators help ensure safety on the job site, reducing the risk of accidents and injuries.
Cons:
- Higher rental costs: Fully operated maintained rental is generally more expensive than bare rentals, as you are paying for the equipment and the operator's services.
- Less control: You need more control over the equipment and its operation, as the rental company provides the operator.
Scenario: The company has a smaller project that requires a mobile crane, which they are not familiar with operating. They decided to go with a fully operated and maintained rental for the mobile crane. This option allows a trained on-site operator to operate and maintain the equipment, reducing the risk of accidents and injuries. However, the rental period and the operator's services cost more than a bare rental.
So, which option is best for your business?
Bare rental is ideal for businesses with experienced operators, who can handle maintenance and repair costs and want maximum flexibility and control over equipment use. On the other hand, fully operated maintained rental is best for businesses that need equipment to become more familiar with, have limited experience with the equipment, or require a higher level of safety on their job site.
In conclusion, when choosing between bare rentals and fully operated maintained rentals, it's important to consider your project needs, equipment expertise, and budget. By understanding the pros and cons of each rental option, you can make an informed decision and choose the best equipment rental solution for your construction business.
Are you currently looking for a crane to rent?
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About MYCRANE
The MYCRANE platform – accessed at www.my-crane.com – simplifies the process of crane rental procurement in the United States and worldwide, allowing users to submit details of their lifting requirements in order to receive personalized quotes from a range of registered crane providers.
For the first time, customers of the platform can simply and quickly request a crawler, mobile or tower crane without having to rely on manual processes, such as calling suppliers or making multiple offline requests. Boom trucks, crane manipulators/ crane arm, man lifts, mini cranes, cherry pickers, aerial platforms and hydraulic gantry systems are also available.
Operating out of Houston, Texas, and with franchisees all over the world, MYCRANE offers cranes with a capacity of between 100kg and 750 tonnes.
Drawing on the management team’s experience in the industry, the innovative MYCRANE platform has been carefully designed to ensure ease of use, and that the quotes generated are directly comparable. Registration is free for both users and equipment rental companies.