With total U.S. construction starts projected to rise by 6 percent in 2016, the construction industry continues on its steady rise. Its expansion is contributing to an increase in corporate projects and profits. To make the most of the upturn, construction companies are having to focus on keeping costs low, working to allocate resources in the most efficient and effective manner possible.
As commercial and institutional building starts increase, it is essential to keep your company’s current projects on time and on budget, all while pursuing the market’s wealth of new leads. One way this challenge can be met is by exploring options that avoid investing time and money into purchasing and managing permanent assets.
There are many benefits to renting instead of purchasing assets for a construction site. Construction sites are dynamic, ever changing and require temporary workspaces to get the job done. Instead of purchasing resources to fill these transitory spaces, renting or leasing equipment that is needed for only the duration of the project can often reduce your company’s capital expenditures. Rental helps to ensure that your time and money is spent managing the projects, not the assets. Several kinds of on-site resources can be leased with these benefits.
For example, furniture rental is a viable alternative to purchasing permanent assets. Furniture rental eliminates the costs of storing on-site furniture between projects, making it an even more financially sound option. Its flexible nature allows you to avoid being stuck with outdated assets. As the needs of the construction site change, rented assets can easily be added or removed to match your company’s current situation, without jeopardizing your time or budget.
One of the greatest benefits of leasing over purchase is the reduced amount of time you are required to spend managing it. Its adaptable nature is designed to help you keep up with the fluctuating lifecycle of construction starts, without wasting your time.
Managing projects and budget is crucial to the success of construction companies. To learn more about how furniture rental can help on your next project, visit CORT.com.
Related Stories
Contractors | Jul 9, 2024
The average U.S. contractor has 8.4 months worth of construction work in the pipeline, as of June 2024
Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.4 months in June, according to an ABC member survey conducted June 20 to July 3. The reading is down 0.5 months from June 2023.
Government Buildings | Jul 8, 2024
GSA adopts new accessibility guidelines for federal properties
The U.S. General Services Administration (GSA) adopted a new rule with new accessibility guidelines for federal buildings. The rule establishes that pedestrian facilities in the public right-of-way are readily accessible to and usable by people with disabilities.
Office Buildings | Jul 8, 2024
Office vacancy peak of 22% to 28% forecasted for 2026
The work from home trend will continue to put pressure on the office real estate market, with peak vacancy of between 22% and 28% in 2026, according to a forecast by Moody’s.
Virtual Reality | Jul 8, 2024
Can a VR-enabled AEC firm transform your project?
With the aid of virtual reality and three-dimensional visualization technologies, designers, consultants, and their clients can envision a place as though the project were in a later stage.
Green | Jul 8, 2024
Global green building alliance releases guide for $35 trillion investment to achieve net zero, meet global energy transition goals
The international alliance of UK-based Building Research Establishment (BRE), the Green Building Council of Australia (GBCA), the Singapore Green Building Council (SGBC), the U.S. Green Building Council (USGBC), and the Alliance HQE-GBC France developed the guide, Financing Transformation: A Guide to Green Building for Green Bonds and Green Loans, to strengthen global cooperation between the finance and real estate sectors.
Codes and Standards | Jul 8, 2024
New York State building code update would ban fossil fuels in new buildings
New York’s Building Code Council is set to include the All-Electric Buildings Act in its 2025 code update. The Act would ban natural gas and other fossil fuels in new buildings.
AEC Tech Innovation | Jul 4, 2024
Caution competes with inevitability at conference exploring artificial intelligence for design and construction
Hosted by PSMJ, AEC Innovate in Boston found an AEC industry anxiously at the threshold of change.
Building Team | Jul 3, 2024
So you want to get published: What’s next?
In the AEC industry, securing media attention is no longer a niche endeavor but an essential component of a holistic marketing strategy.
MFPRO+ New Projects | Jul 2, 2024
Miami residential condo tower provides a deeded office unit for every buyer
A new Miami residential condo office tower sweetens the deal for buyers by providing an individual, deeded and furnished office with each condo unit purchased. One Twenty Brickell Residences, a 34-story, 240-unit tower, also offers more than 60,000 sf of exclusive residential amenities.
Student Housing | Jul 1, 2024
Two-tower luxury senior living community features wellness and biophilic elements
A new, two-building, 27-story senior living community in Tysons, Va., emphasizes wellness and biophilic design elements. The Mather, a luxury community for adults aged 62 and older, is situated on a small site surrounded by high-rises.
