What To Do With Your Rented Crane When A Project Is Shut Down

9 January 2018
Categories: , Blog

A crane rental is a great way to save money on a construction project. There is just one problem; your project was recently shut down by the person or group that ordered it. Whatever their reasons, they are not sure if they will continue the project. That is an even bigger problem because you now have all of these supplies, trucks, and even a rented crane that is not in use. Here is what you should do next.

Ask the Customers If It Will Be at Least a Month or More

Sometimes these situations are so uncertain that all you can do is ask for a ballpark estimate. Ask the consumers of this project if it is going to be a month or more before the project starts up again. If the answer is yes, cancel all pending orders for supplies and equipment. At least you can get some of the money back.

Any rented equipment, such as the cranes, try to send them back to the rental company to get a refund. It is not a good idea to hold onto the cranes and expect the project to continue anytime soon. Most crane rental companies only charge by the day or week, and many will prorate what you owe based on the number of days left in your rental agreement.

If Your Other Job Sites Could Use a Crane, Send the Rentals There

If you cannot get a refund on your remaining rental time for the cranes and other equipment, see if they can be put to good use at your other job sites. At least you can still get these projects completed on time. With spare crew members, you might complete those other projects sooner. This would save you double the money because you have not lost any early return fees on the rentals, plus completing other projects sooner saves you money on salaries, equipment, and supplies for those extra days not worked.

Sublet the Rented Cranes out to Another Contractor

If your rental agreement does not forbid it, sublet the cranes and rented equipment out to another contractor. He or she gets a discounted rate by subletting the equipment from you, and you do not lose all of the money that you thought you were going to lose. It is a win-win situation for everyone, and a bonus for you because another contractor now owes you a future favor.

Contact a company like Radius Projects to learn more.

About Me

When I purchased my first home, I loved it. However, I was soon eager to move on to find a new home that would have an additional bedroom that my aging parents could live in. Once I glanced at the local houses for sale, I quickly realized that there was not one that would fit our needs at a price I could afford. I decided to speak with a local contractor to see if adding an addition to my existing home was possible and if it would fit into my relatively small budget. I was greatly surprised to find out that I could afford the addition and, eventually, my parents were able to move in with me. I learned so much about home remodeling projects during this experience that I am eager to share my advice with others who could use it on my new blog!