If your next project requires scaffolding equipment the main question you should be asking yourself is whether you should buy new or rent the scaffolds. The pricing for both can be a hard decision to make and both have the benefits and downfalls. The following reasons are areas to consider in helping make your decision easier.
Estimated project length
Knowing the estimated length of your project can help you make a decision regarding scaffolds. As a general rule of thumb if your project is estimated to last less than three months, you should opt to rent. The cost of buying doesn’t make sense for short-term jobs and is an unnecessary cost to your project.
If you have just started a job and are unsure of any other future projects it is safer to rent. A lot of smaller contractors opt to rent as they are unaware of what the future of their business holds.
However if you have multiple jobs coming up and will be using the equipment for an extended period of time you should definitely look at purchasing your own. It just makes sense as it lowers costs as you will be using it for several jobs.
Additionally if your job is planned to last longer than three months buying your own is also a smart decision to make. Rental fees can stack up for longer projects affecting your bottom line.
How many scaffolds do you need?
Before you look into whether you should buy or rent you should be aware of much scaffolding equipment you need. Where it will be stored is also important to consider. If you need a lot of equipment for a big job renting may be the smarter option.
The equipment can be quite expensive to buy additionally you need to figure out storage for the equipment afterwards. So in addition to the cost of buying the equipment you now need to pay for storage off site.
Your experience and skillset
Being trained to assemble and disassemble the scaffolding is a skill set in its own. Buying is normally recommended for only the most experienced contractors. While assembling the equipment can be difficult, you also have to have a safety plan in place to operate on the equipment. On top of that you need a crew for the assembly and storage as you can’t possibly do it alone.
Learning the procedures for the equipment takes time and the larger the project the larger the learning curve is. Third parties already have the skillset so you don’t have to worry about that and could be a determining factor in your decision.
On average per project, renting the scaffolds is cheaper than buying. The money you save of the equipment can be invested into different areas of your project or business.
Ultimately the budget is determined on the size of the project and how much equipment you need. Understanding costs and doing the maths can save you big time. Short term projects are optimal for renting but if you have a project that is estimated to run for over a year, the rental fees could pay off the equipment several times. Additionally you can always sell the equipment at the end of the project saving even more money.
When buying or renting your scaffolds for your next project, make sure you contact a scaffolding partner regardless. They have the knowledge and experience in recommending which option would be best for you. Don’t risk blowing your budget and plan beforehand and get all the information you need prior to starting your project.