A rented crane can be a major expense for any construction project. Knowing how to save money on these large investments is essential to running a successful and cost-effective business. If you are renting a crane, here are some tips to help you avoid unnecessary fees:
1. Research and Compare Rates
When renting a crane, take the time to search the available options. Compare pricing and services between crane rental companies to determine the best deal. Additionally, inquire about the rental process and the costs that may be associated with it. Doing this will help ensure you get the most out of your rental.
2. Check Insurance Requirements
Before committing to a rental contract, ensure that you are aware of the insurance needs of the rental provider. Several firms may need supplemental insurance protection to use the crane, which could result in extra expenses. Double-check with your insurance provider to ensure you possess the required coverage before signing a contract.
3. Follow Maintenance Policies
Crane rentals often come with the requirement of regular maintenance and safety inspections. Make sure you understand these policies and fees before signing an agreement. If something goes wrong during the rental period, be aware of who will pay for any repairs.
4. Understand Usage Guidelines
The rental agreement should clearly state what activities are allowed to be done with the crane and what activities are not allowed. Read it carefully and understand the restrictions that may be in place. Follow all the rules and regulations in the agreement during the rental period to avoid fines or other costs that may result from doing otherwise.
5. Establish a Return Process
Prior to returning the crane, inspect it for any damage that may have occurred during the rental period. If any damage is found, document it and notify the rental company. Once the inspection is complete, arrange for a transport service to return the crane to the rental company. Don’t forget to ask for a receipt, which may be needed for insurance purposes.
6. Be Prepared for Delays
Delays are often inevitable when renting a crane, so be prepared. Budgeting for additional fees and ensuring you are organized can help you plan better and prevent any issues. If you anticipate potential delays, it’s best to communicate with the rental company beforehand to ensure everyone is on the same page.
7. Don’t Be Afraid to Negotiate
Most importantly, don’t hesitate to negotiate with the rental company. Many are willing to adjust rates or provide discounts based on the size and duration of the rental. Should you need to make changes to the agreement, discuss them with the company before signing the dotted line.
Conclusion
Renting a crane is costly, but with proper preparation and understanding of the rental process, you can avoid unnecessary expenses. Take the time to research and compare rates, check all insurance requirements, understand usage guidelines and return policies, plan for delays, and don’t be afraid to negotiate. By following these tips, you can find the best value for your project and save money on crane rentals.
Hook4Hire is a leading crane rental company that provides high-quality crane rentals to customers across the United States. We offer a wide range of crane types, sizes, and capabilities to meet your project needs. Call us at (812) 893-7494 to rent our rigging equipment.
