A number of businesses run into the issue of needing specialized equipment for a particular project. The decision about whether this piece of equipment should be rented or purchased can make a big difference in the stability of the company itself. Cranes are one of the most common pieces of specialty equipment that cause firms, such as construction companies, to wonder if renting or buying is better for their bottom line.
Scott-Macon is a leading independent equipment company in the Southern region of the United States
The company’s operations include the sale, rental, parts sales and servicing of a wide variety of lifting equipment including rough terrain hydraulic cranes, all-terrain cranes, boom trucks, truck cranes, crawler cranes and industrial carrydeck cranes, specialized hydraulic crawler cranes, material handlers, and aerial lifts.
Construction managers and firms are often searching for versatility and reliability when choosing lifting equipment. Among the Terex Rough Terrain cranes, the Quadstar 1100 offers numerous advantages for use in various job sites.
With respect to heavy equipment, a crane is one of the largest financial decisions an independent contractor or construction company can make. A crane is also one of the most productive construction and development pieces of equipment in the trades.
Unlike most earth moving equipment, there are not comparable pieces of equipment, which are less expensive, that offer a work-around solution to a crane. A fair portion of what an excavator can do, a backhoe can as well. A frontend loader can accomplish most of what a dozer loader can. But, there is not another piece of equipment with the lift and reach of a crane.
Still, purchasing a crane is a decision that must be calculated carefully considering the cost. Likewise, renting a crane for too long can also be counter productive. In order to determine whether it is best to rent a crane or own it, contractors and companies must do a cost benefit analysis. The first step in the process is establishing the pros and cons of own versus loan.