The one piece of equipment that the construction company cannot do without is the crane and for this reason, most construction businesses might find owning a crane more beneficial than hiring. However, owning a crane can prove to be more costly than hiring a crane, in the long run.
This is due to the fact that repairing and maintenance of the cranes can really hurt the budget. Therefore hiring a crane is a much better proposition than owning one.
Hiring a crane is a relatively new concept in the construction industry and it not only saves money but keeps the additional costs of maintenance and repair, hiring a trained operator and obtaining licenses, under control. There are many crane hire companies that operate successfully all around the world.
A very big advantage of the crane companies is that they own a fleet of different cranes like tower cranes, mobile cranes, mini crawler cranes and many more. The construction company needs not to buy all of these instead they can just hire the cranes needed for their work.
Additionally, all these companies provide extra service to their clients to get repeat business. These services include regular check-ups of the cranes by efficient engineers, repairs if any and a trained operator for the crane. Thus the management of the construction company can concentrate on the more important aspects of construction rather than just being stuck with the cranes.