Traditionally, contractors have focused on maximizing equipment availability. They didn’t want their crews and projects sitting idle while there was work to do. However, increased equipment availability means your equipment is sitting idle waiting to be used. It’s a trade off that earns you a lower return on your capital investment. the equipment sits idle waiting to be used.
A common question asked by our equipment providers is, “How do we handle risk if my insurance plan doesn’t cover equipment I rent to another contractor?”