What Impacts the Cost of Crane Rental?

Some of the biggest users of cranes are construction contractors. Because there are many different types of cranes on the construction market, each designed for specific heavy-lifting applications, most construction contractors prefer to rent rather than purchase the equipment they need to use. This is mainly because it is cost efficient to rent rather than purchase cranes outright. Aside from that, the rental option presents the contractors with a chance to choose the right equipment for every job, as their choice is not limited to the availability of huge capital outlays. 

The cost of crane hire is not the same for every project. Rental costs tend to vary from one construction project to another. If you are new in the construction business, you should know what affects crane rental costs, as chances are really high you will need to rent the equipment on a frequent basis. 

Location of your work site

Keep in mind that cranes are heavy machinery that require specialised transport, so where you will need your crane equipment delivered to will affect rental rates. The greater the distance between your construction location and the premises where the equipment is based, the higher the transport costs involved, generally speaking. 

The terrain of the place also matters. If the equipment needs to be used in some remote location that is hard to traverse, rental costs may be higher. Unfortunately, there's nothing you can do to alter the terrain of your work site, but it is a clever move to hire equipment from a crane rental company local to you.

Size of the machine

Cranes are designed to perform the same kind of jobs. But they are not built equal in terms of size. This is because the materials that will need to be moved at various construction projects are not of the same size and weight. Therefore, your crane rental costs will vary, depending on the size of the machine you will require. The greater the lifting capacity of the machine needed, the higher the rental rates charged.

Machine features

Another factor that will determine the price you will have to pay for crane rental is the equipment's level of sophistication. Newer models that come with advanced technologies and features generally cost more to rent than the older models. 

Mostly, these new capabilities are usually designed to solve some of the issues that equipment users face when using the older models. Look into whether you need the new capabilities or not. If a newer machine will lead to greater operating efficiency, you should definitely consider paying extra for it.