TAKING THE INITIATIVE


One business looking at the real cost of hire is Lynch Plant Hire. Lynch Plant Hire Group Training Manager, Liam Moore said: “We are helping customers understand the true cost of hiring by taking data we have collected on our machines and using this to show customers the impact fuel has on their hire costs. This helps them budget and set benchmarks for costing future jobs. Where possible we also advise on the right machine for the task, which may be smaller or even larger than what the customer perceives is needed. This approach helps instil confidence in plant hirers, and can only have a positive impact on the industry.”


Ian Chapman concludes: “As more plant hirers use systems like Finsight condition monitoring to achieve higher levels of uptime, the argument for hiring newer equipment becomes even stronger still. But despite this, the true cost is still going to be determined by fuel. So it’s up to the industry to help educate customers and prompt them to ask themselves the question – how much is this really costing me?”


HIRE BY NUMBERS


At face value, it may appear that the most cost-effective option when hiring is to find the machine with the lowest rental rate available from any manufacturer, no matter whether the machine is brand new or 5 years old.


The reality is that improved fuel efficiency in newer machines, as well as the increased productivity achieved through more effective technology, can often outweigh the initial cost savings of the lower rental rate.


CONTENTS


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