The state or federal government may require construction companies like yours to set up safe and efficient work zones on the roadways. Whenever you are hired to work on a highway, interstate, or stretch of city roads, you must use equipment that will alert motorists to the upcoming work and direct them to drive in a safe manner.
Rather than buy equipment like rumble strips, yellow or orange cones, or a automated flagger assistance device, you might instead prefer to rent what you need. Renting the equipment can offer you a number of benefits that outweigh buying the equipment outright.
New equipment can cost a lot of money that you just do not have in your cash flow right now. Most of the newest models on the market come with price tags that are beyond your budget. Even used equipment may still cost too much than you can afford.
Rather than go into debt buying equipment needed for jobs for which your crew has been hired, you could instead get what you need by renting it instead. Rentals are typically more cost effective because you only pay for them for the time for which you need them. After you are done using them, you can return the pieces of equipment to the dealer and get your deposits back on them.
Another advantage involves getting new rather than old equipment. When you buy it, you may have to use it for years in order to get the full return on your investment. It may not age well and fall behind the technology that continues to be available for your industry. Companies that lease such equipment usually have the newest models on hand for you to use.
These advantages and more can persuade you to rent what you need for your work zone rather than buy it. You could end up saving more money with this choice. You also could get the newest models of equipment that you otherwise would not be able to afford were you to use your cash flow or go into debt to buy them.