Fees You Should Be Aware Of When Renting Construction Equipment
When doing a construction project, renting the necessary construction equipment becomes the best option to be cost-efficient. This is especially true when the length of the project is just for a short term.
However, when dealing with the construction equipment rental company, you might encounter different fees you need to pay to rent equipment. Before deciding whether or not to rent construction equipment and choosing the rental company you will go with, here are the fees you should be aware of:
- Base price
The base cost of the equipment is the most fundamental fee you have to pay the rental company. This is the priciest among others and depends upon the period of time you plan to rent the equipment. The base price may vary since the dynamics of supply and demand is its determining factor. You may also expect that more utilized equipment is cheaper than rarely used ones.
- Fuel payment
Policies regulating the fuel payment terms varies depending on the rental company. Some offer a return full option or a pay on return option. In the pay on return option, you are required to refuel the equipment upon returning. In return full option, you are required to pay for the fuel you utilized during your construction project. Review these policies in order to get the best possible option for you.
- Delivery fee
If you are not going to the rental company to get the needed equipment on your own, then you will be charged the delivery fee. This is determined by the distance of your job site to that of the company’s shop. However, if the job location is farther than the set radius by the company, you have to pay additional fees depending on the added distance that will be covered during the delivery. Thus, it would be cost-efficient to find the nearest rental company to your construction site.
- Rental protection fee
The rental protection fee or the damage protection plan is only an optional fee that you may choose to avail you order to offset the costs if the rented equipment is damaged. Since this is not compulsory, you have to read the policy of the rental company regarding this so that you will understand whether or not it is worth to take it.
- Environmental fee
Another add-on is the environmental fee which usually goes with renting large equipment. This fee is used to compensate the environmental expenses and other procedures your equipment supplier will carry out.
To choose the right equipment rental company and ensure to get the best deal, know the full price of the equipment you are renting. Also, don’t forget to ask the supplier about their terms and conditions to know the policies regulating your rental.
Written by Lindsey Rentals. Lindsey Rentals offers the best equipment rentals in Columbia, MO.