Excavators are among the most important heavy machine within the scope of any project that involves moving earth, debris, demolition of structures, drilling, digging and other tasks that are commonly associated with construction work.
In other words, excavators are simply a must for most project sites especially if it involves digging and moving about copious amounts of soil. Excavators are indeed and undoubtedly an essential earthmoving vehicle that consists of a bucket, an extendable arm, a rotating cab and mobility elements such as wheel, tracks and some that even have legs. Advancements in technology have also made these machines versatile to a point that they are capable of performing quite a variety of tasks that range from digging holes and trenches, demolition, drilling, compacting and moving earth and debris.
The various types of excavators are categorised under the industries that they serve best such as crawler excavators that are essential for construction projects, mini excavators for urban home improvement projects that are often available on hire or rentals, wheeled excavators for construction projects that have flat environments, dragline excavators for the mining industry, suction excavators, skid steers and long reach excavators.
Most of the latest excavators less than 15 tons have extended capabilities that allow them to do more than just digging and moving earth. These extended capabilities are the hydraulic attachments that are interchangeable allowing a single excavator to dig, drill, demolish, and manage debris, saw, crush and compact earth. Most of the smaller range excavators generally manage digging and drilling tasks, whilst the bigger versions (10 Tons onward) handle much more intense tasks.
It is due to the fact that there are various excavators out there in the market, it is usually not advised to buy an excavator and renting excavators in Melbourne is more viable approach to keep capital costs low and working capital levels healthy. Imagine that a construction outfit secured a few jobs that required various excavator types? These machines are expensive and sometime could cost as much as the projects revenue and buying two or three excavators could potentially completely deplete a company’s working capital.
Renting these machines on the other hand would save the construction firm from ‘asset waste’ as these excavators are used in phases during a project and on days that the excavator is not used, it is capital lying in the garage not earning a single cent.
Renting excavators is especially good for urban projects or home improvement projects where mini excavators are used. Mini excavators for hire in Melbourne go for as low as 180 AUD per day at the lowest and more powerful units may command 350 AUD, which is still way lesser than buying a machine for 20,000 AUD and being used for less than a hundred days in a year.
This would mean that for the rest of the days the company’s money is sitting in a shed when it should be used for cash flow or at least earning interest. Even high end mini excavators cost an arm and a leg, but renting mini excavators would cost around only 200 AUD on average.
It is always important to realise that having or owning all the different types of excavators in the market is simply not a practical approach unless the company is a company that offers excavators for hire. Imagine again buying an excavator and then securing a job that requires a different type of excavator?
Let us also not forget the fact that owning excavators also means maintaining them, repairs and regular service of these machines could over time roll into significant costs that further strains cash flow.
