March 2023
The Advantages of Hiring a Crane vs Owning One for Your Construction Business
Construction businesses often require the use of heavy equipment, such as cranes, to complete projects efficiently and effectively. However, when it comes to acquiring a crane, businesses face a critical decision: should they buy one or hire one?
Both options have their pros and cons, and the decision ultimately depends on the unique needs and circumstances of the business. In this article, we will explore the advantages of hiring a crane versus owning one for your construction business. We will delve into the costs, maintenance, and other considerations to help you make an informed decision that best serves your business.
Advantages of Hiring a Crane
While owning a crane may seem like a good investment, there are several advantages to hiring a crane. Here are some of the benefits of hiring a crane for your construction business:
Cost Savings: ​
No Need to Purchase or Maintain a Crane:
By hiring a crane, you avoid the significant costs of purchasing and maintaining the equipment. Crane rental companies own and maintain the cranes, which means you don't have to worry about maintenance and repairs.
Avoids the Cost of Hiring and Training Crane Operators:
Hiring a crane also means that you don't have to worry about hiring and training crane operators. Crane rental companies provide experienced and certified crane operators, which can save you time and money.
Eliminates Expenses Related to Storage and Transportation of The Crane:
Owning a crane requires a significant investment in storage and transportation equipment. By hiring a crane, you can avoid the expenses related to storing and transporting the crane.
Access to Specialised Equipment:
The Ability to Rent Different Types and Sizes of Cranes Depending on The Project:
Crane rental companies offer a variety of crane sizes and types, allowing you to rent the equipment that is best suited for your project.
Access to The Latest Crane Technology and Innovations:
By hiring a crane, you have access to the latest crane technology and innovations, which can improve the efficiency and safety of your construction project.
The Ability to Rent Other Equipment Along with The Crane:
In addition to cranes, rental companies offer a range of other construction equipment, allowing you to rent everything you need for your project from one provider.
Expertise and Safety:
Access to Experienced Crane Operators and Maintenance Personnel:
Hiring a reputable crane rental company ensures access to experienced crane operators and maintenance personnel. Crane rental companies employ experienced crane operators and maintenance personnel who ensure that the equipment is well-maintained and safe to use.
Cranes are Maintained and Inspected Regularly to Ensure Safety:
Rental companies have strict maintenance and inspection schedules to ensure the safety of their equipment. By hiring a crane, you can be confident that the equipment is in good working order and meets all safety standards.
Liability Insurance is Included with Crane Rentals:
Liability insurance is often included with crane rentals, which means you don't have to worry about the costs of any accidents or damages that may occur during the rental period.
Advantages of Owning a Crane
Owning a crane can be a significant investment for a construction business and it can provide you with numerous advantages. Here are some of the benefits of owning a crane:
Increased Control and Availability:
The Ability to Schedule Crane Use on a More Flexible Basis:
When you own a crane, you have control over its availability and scheduling. You can adjust its usage as per your project needs and timeline.
No Need to Wait for Availability of Rental Cranes:
With rental cranes, you have to book them in advance and hope they are available when you need them. Owning a crane eliminates this hassle and allows you to start your project on time.
3. Ability to Complete Projects on Tighter Timelines:
With the flexibility to schedule crane usage, you can complete your projects on tighter timelines, allowing you to take on more work.
Tax Benefits:
Depreciation of Crane Value Can be Used as a Tax Deduction:
Owning a crane can be a significant tax advantage. You can claim depreciation on the crane value as a tax deduction, which can reduce your taxable income.
Interest in Financing the Purchase of a Crane can be used as a Tax Deduction:
If you have financed the purchase of a crane, you can claim the interest on the loan as a tax deduction.
Reliable and Efficient Crane Hire Services ​
If you're looking for a reliable and efficient crane hire service, look no further than Scope Cranes and Logistics. We understand the importance of having access to the right equipment for your project, without breaking the bank. Our team of experienced crane operators and maintenance personnel ensure that our equipment is maintained to the highest standards, and our liability insurance provides you with peace of mind.
Whether you need a crane for a one-time project or ongoing work, our flexible rental options allow you to get the job done without the hassle and expense of owning your own crane. Contact us today to learn more about our crane hire services and how we can support your construction business.
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