Crane rental is a popular option for construction teams that want to utilize different types of cranes daily, weekly or monthly without purchasing them. It’s important to understand how rates are determined and what factors influence them.

Project scope, lifting capacity and duration are just a few of the key elements that play a role in the overall price of a crane rental.

Location

A crane rental’s location is a major factor in its cost. This is because the more time and effort it takes to get the equipment from one location to another, the higher the rental rate will be. This is especially true if the equipment must travel a long distance to reach its destination. Other factors that can affect the transportation costs of a crane include state government permits, truckloads, fuel charges and labor.

Company stability is another factor that can significantly increase crane rental rates Florida. When they experience a decrease in profit, some companies will attempt to attract clients by lowering their rent rates. However, other companies may take advantage of this situation and charge higher than usual rates to compensate for their losses. Consequently, it is important to do intensive research before selecting a rental company in Florida.

Lifting Capacity

The Crane’s lifting capacity, or what it can lift on its own, plays a large role in the total cost of renting a crane. Different cranes offer different degrees, so selecting the right one for your project needs is important. If a project requires significant lifting, you will want to choose a tower crane with a high lifting capacity.

The distance between your job site and the crane depot also affects rental costs. The number of truckloads needed, state government permits, and transportation costs add up quickly.

The duration of the crane rental is another factor that influences cost. Some projects last only a day or two, while others may be months long. Crane rental companies in Florida with multiple locations and equipment depots across the country can share the efficiencies of their fleet and create value for their clients. They can charge hourly rates for short-term rentals while offering weekly and monthly pricing plans.

Duration

If you rent a crane for over a day or two, the project’s duration may impact your total rental costs. Most rental companies will ask how long you need the crane and charge by the hour, assuming you will use it for an estimated period.

Transportation costs can also add up quickly. The number of truckloads required, state government permits, and distance traveled will all impact your rental costs. Travel fees for operators and holiday rates can also be added to your final price.

Another factor that affects rental costs is the company’scompany’s stability. If a crane company struggles financially, they will lower their rental fees to attract clients. On the other hand, if a Crane rental company is experiencing a boom in business, they will likely increase their prices to reflect this. This is an unpredictable factor that can be difficult to anticipate.

Taxes

In addition to rental duration, it is important to consider taxes when pricing your crane fleet. It would help if you created hourly rates similar to how rental cars are charged and weekly and monthly pricing. Larger cranes require shipment of equipment, assembly and disassembly, so you need to charge additional fees for these services.

Additionally, some companies offer operated and maintained rentals that include the cost of coordinating transportation and assembly, hiring certified operators and service personnel, and securing the necessary insurance coverage. This is a more expensive option, but it allows customers to focus on their jobs rather than the logistics of getting a crane in place.

Finally, company stability is a factor that can take time to predict. Some firms lower the estimated rental cost to attract more clients when they realize they have a good client base and generate consistent profits.