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 Its flexible nature allows you to avoid being stuck with outdated assets.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
Codes and Standards | Mar 5, 2015
FEMA cuts off funding to Indiana after Kokomo continues building stadium in flood zone
FEMA will withhold funding on $5.5 million worth of projects such as building tornado safe rooms in schools.
Codes and Standards | Mar 5, 2015
Construction problems at prison spur support to quash non-traditional project delivery in Iowa
Iowa lawmakers are investigating construction problems at the Fort Madison prison project and are scrutinizing rules regarding project delivery on state projects.
Reconstruction & Renovation | Mar 5, 2015
Chicago's 7 most endangered properties
Preservation Chicago released its annual list of historic buildings that are at risk of being demolished or falling into decay.
Office Buildings | Mar 5, 2015
Goettsch Partners unveils plans for dual office towers in Warsaw
The Mennica Legacy Tower development is divided into a 35-story tower located on the south east side of the site and a 10-story building on the west side.
Hotel Facilities | Mar 4, 2015
Hotel construction pipeline reaches six-year high
After a three-year bottoming formation, the pipeline for hotel construction has posted five consecutive quarters of double-digit year-over-year growth.
High-rise Construction | Mar 4, 2015
Must see: Egypt planning 656-foot pyramid skyscraper in Cairo
Zayed Crystal Spark Tower will stand 200 meters tall and will be just a short distance from the pyramids of Giza.
Office Buildings | Mar 3, 2015
Former DuPont lab to be converted into business incubator near UPenn campus
The new Pennovation Center will provide collaborative and research spaces for educators, scientists, students, and the private sector.
Sponsored | BIM and Information Technology | Mar 3, 2015
The great debate: Is 3D PDF really BIM?
You can pull apart buildings, cut through floors, and view simulated animation for assembly instructions all within a PDF.
Codes and Standards | Mar 2, 2015
Proposed energy standard for data centers, telecom buildings open for public comment
The intent of ASHRAE Standard 90.4P is to create a performance-based approach that would be more flexible and accommodating of innovative change.
Contractors | Mar 2, 2015
Nonresidential construction spending dips in January, still outpaced 2014
Nonresidential construction spending fell 2% in January, which is the largest setback to spending since January 2014, according to the March 2 release from the U.S. Census Bureau.
