It can be expensive to buy equipment and tools, especially if you don’t need it. Hiring tools and equipment is a great option to make sure your job gets done on time and for a minimal cost.
These are five things to keep in mind when you hire tools and equipment.
- Add-ons and pricing Prices and fees It is possible to add additional charges, either mandatory or optional, depending on the equipment you are hiring. Different pricing structures are used by different hire companies. It is important to find out what rental fees are included and whether additional charges will be added. You should understand exactly what you’re paying.
- Protection policies Does the contract include a protection policy? Is there a LDW/REP plan in the policy? LDW is for Loss Damage Waiver or Limited Damage Waiver. This protects the hirer against having to pay all costs of equipment damage or loss. The Rental Equipment Protection policy limits the amount that you will have to pay in the event of damage to the equipment.
- Training Does your hire company offer operator training for the equipment you are interested in hiring? Is there a manual or other document you can refer to before renting the equipment?
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- Maintenance Does the equipment meet its purpose? Ask the company where the equipment was last serviced. You must ensure that the equipment that you hire is properly maintained and capable of performing the task you have assigned it. If equipment is not maintained properly, it could cause delays in your project. Shop Tools & Equipment
- Delivery/collection Do you prefer the equipment to be collected or delivered? Ask your equipment rental company about delivery and collection options. If you wait to receive an item, is there a chance that it will be delayed? What are your company’s delivery/pick-up policies? Are there penalties for late returns? Is there a penalty for late returns?