Hiring compact construction equipment for projects, rather than purchasing, is the method engaged by Western Australian contractors to keep their business diverse and cost efficient.
Working in a challenging economic climate means that increased flexibility and budget cutting is crucial to keeping workload full and business profitable. Hiring machinery increases both flexibility and keeps capital expenditure under control.
With new machinery prices increasing, there has never been a better time to start hiring equipment. With a fleet of compact construction equipment, it is easy to hire a low hour, well serviced machine with delivery to the site.
Additional tax advantages are available to hirers as they no longer deal with ongoing funding for equipment purchases, storage, repairs and maintenance or depreciation costs.
According to John Fenton, MiniQuip , holding a small business together with unreliable and costly machines during an economic down turn will be disastrous for the owners. Too many small contractors have gone under as a result of expensive and unreliable machinery. Hiring quality equipment for a project is beneficial for smaller contractors as it allows them to undertake jobs that they would normally not cater for and save a lot of money on equipment servicing and purchases.
John started MiniQuip in 1989 as a small contractor with one Takeuchi excavator and built a successful hire business with over 50 machines and transporters. The Miniquip fleet consists of 1.5, 2.5, 3.5, 4.0, 4.5, 5.5, 8.0 and 14 tonne excavators, Kanga loaders, Posi-track loaders, skid steer loaders (bobcats), 3.0, 6.0 and 10m3 tip trucks, various plant trailers and a wide variety of specialist attachments.