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I'm Steve Schuster, associate editor of Maintenance Solutions magazine. Today's topic discusses equipment rental.
Renting equipment is an essential strategy for maintenance and engineering managers looking to supplement their staff's arsenal of in-house tools and technology. From generators and emergency-cooling units to specialized grounds equipment and aerial work platforms, managers have a range of issues to consider in their efforts to make a smart rental decisions.
Equipment rental offers many advantages. Costs are fixed, and they are expensed each year as they are incurred. Also, the equipment is used 100 percent. The department does not pay for downtime in the storage yard.
When deciding to rent equipment, consider these guidelines: