Whether it’s a project that needs breaking ground for constructing an entirely new multi storey building, a home improvement project, a renovation that involves demolition or even landscaping, the most critical success factor for any of the above-mentioned project is without doubt having the right equipment. It is a fact that having the right tool for the right job makes all the difference and among the tools that could be considered as being the most versatile in the realm of the construction industry is without doubt is the excavator.
However, buying an excavator is never advised by business consultants as most business consultants would recommend taking excavators for hire instead – but why? Prior to answering this strategic question, let us take a look as to why excavators have become the most essential machine for construction projects.
The most obvious reason behind the extensive use of excavators is their versatility regardless if they are categorised as mini, midi, standard or large diggers. These machines are manufactured under different categories based on the various sizes and each size is generally suited for specific tasks within the scope of a given project. Mini excavators which cost the lowest in terms of daily rental rates are perfect for small construction projects such as landscaping jobs and home improvement projects. What makes them ideal for such jobs are attributed to their compact sizes and lightweight that enable these machines to be operated in tight spaces and cause minimal damage to the ground.
Excavators categorised as midi which are slightly more costly than mini excavators for hire are not only as versatile as mini excavators, but they are also far more powerful making them perfect for demolition, digging trenches and performing tasks related to utility work. As for standard or large excavators, which are the most common they are good for any large-scale excavation, landscaping large areas, high rise construction or even for road construction.
Hiring vs. Buying Excavators
The primary reason as to why it is an advantage to hire and excavators as opposed to buying it is the amount of savings project managers secure. The cost effectiveness of hiring excavators rather than purchasing these machines is significant. The purchase of an excavator requires a significant amount of capital during the initial buy (fixed cost) which is high which is then followed by variable costs which include among others maintenance, storage and insurance.
In contrast, when an excavator is taken for hire, the hirer (normally project managers or even home owners involved in a home improvement project) will only pay a specific amount for the specific time that the machine is being used. This effectively eliminates any cost or burdens that are attached to the machine in the event it is owned.
Apart from that, by hiring excavators, the project managers will have the latest machines featuring the latest technologies that perform better which increases productivity. Last, but not least these machines that are hired are well kept and maintained meticulously by rental companies which means that the chances of the machine breaking down or malfunctioning becomes slim, which again is a cost saving factor.
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