Most mining and construction companies need various kinds of heavy and specialized machines like forklifts, electric hoists, powered access platforms, cherry pickers, etc. for execution of the different jobs. These machines are often an expensive investment for the company. There is often a dilemma there like they wonder if they should buy or hoist hire. Let’s look at some of the advantages which make hiring a smarter choice than actually purchasing various machines.
• Hiring gives you plenty of flexibility as well as scalability. You can hire the specific equipment that would best suit that specific job. The equipment can just be the one that you had never used for any other work before. You can also keep the machine for as long or as short as you require. • You need not find space or rent any extra warehouse to keep the machines. You simply hire the machine, use it and return it back to the company from which you rented the unit. Thus, you are relieved of clearing out space for the machine at your site or pay extra charges • You must have operators who have undergone proper access training before they operate these machines. For the machines that you own, you must get your employees trained for the same. It requires both time and money. Moreover, you need to do it on a continual basis as employees certainly do not remain permanent. However, when you hire machines, you also get the operators who are well trained and experienced enough to do the job flawlessly with all safety measures and precautions in place. • Machines are often a costly investment. Even if pay in installments, there is a certain upfront amount required. The hiring cost is much less than even the upfront price. Thus, it becomes highly cost-effective to hire rather than purchase especially if your budgets are already stretched. • If you buy a unit, you need to maintain it which again incurs an extra expense. If any of its parts need to be replaced, you need to make the investment. However, none of these headaches lie on your shoulder during hiring. You can always return any defective unit and demand a well functioning and safe unit for your work. All maintenance and repair costs need to be borne by the company from which you have hired. Once you purchase a unit, you are stuck with it for at least 5 to 7 years. However, every time you hire, you can get the latest unit and enjoy all
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April 2020
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