Renting a Small Concrete Pump? When is it Time to Buy Your Own Pump?

If you’re in the business of pumping concrete for small jobs and you find it easier to simply rent a small concrete pump whenever you’re going to pump you’ve likely found yourself to be quite profitable. You might be very happy with your current arrangement and many contractors are in this position. It’s quite easy to rent a small concrete pump as there are many companies who offer these services, so you can likely get very good deals, not to mention the fact that with many companies offering mini pump concrete pumping for rent, you  do not have to run into scheduling issues because if one company doesn’t have a pump for you at a given time, you can simply call another.

If you’re a general contractor that isn’t focused a lot on pumping concrete specifically then you should likely be happy with this arrangement and should continue, but if you’re going to be pumping 250+ jobs per year, then it might make need to buy a small size concrete pump for your own projects. Even though capital equipment costs are expensive it is an investment in your business that will eventually pay for itself, whereas renting is just like tossing money away, as far as your balance sheet is concerned. At this time, you can choose a professional concrete pump manufacturer to find the best pump for your projects.

small concrete pump

There are many advantages to having your own small concrete pump. When you’re renting you know that delays happen from time to time, but because you pay by the hour your bottom line is going to be suffering. You don’t want to always have to rely on other people to get your job done, you don’t want to always have to abide by their schedule. You don’t want to have to have 2-3 guys standing around doing nothing while they’re waiting for the equipment they need to get the job done.  If you want to avoid the waste of time and manage your projects effectively, you can find some detailed suggestion from this site: http://concretemixerpumps.com/mobile-concrete-pump/.

If you own your own small concrete pump you will be able to schedule your own jobs back to back and time your labor costs which will save you a great deal of money. Again you won’t have to pay for people to do nothing, essentially you will be much more efficient. Consider the fact that depending on where you’re operating from there will be different capital cost allowances you can benefit from if you’re purchasing your own equipment, as opposed to renting it from someone else.

Once you’ve decided to buy your own concrete pump you should consider a few things. You’re going to need to hire a concrete pump operator because rental companies generally will offer you an operator as part of the rental cost. You will need to consider how often you’re going to use the pump and plan out how much money you’re likely going to make, you’re going to have to create financial projections so that you can decide which pump would best suit your company. You’re going to have to consider your competition to justify the expense, will you be able to control a large enough market share to be profitable? Also, when you own your own pump you’re going to be responsible for maintenance and this has a cost associated with it obviously. You can also get more guidance and suggestion from this website: http://concretemixerpumps.com/electric-concrete-pump/.

Consider all of these things carefully before making your purchase.