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 Its flexible nature allows you to avoid being stuck with outdated assets.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
| Jun 18, 2013
Report: HVAC occupancy sensors could slash building energy demand by 18%
Researchers at the DOE's Pacific Northwest National Laboratory conclude that significant energy savings can be achieved by varying ventilation levels based on the number of people in a given space.
| Jun 18, 2013
Turner report: Activity in urban markets driving construction cost increases
Turner Construction Company announced that the Second Quarter 2013 Turner Building Cost Index – which measures costs in the non-residential building construction market in the United States – has increased to a value of 859. This reflects a 1.18% increase from the First Quarter 2013 and 4.00% yearly increase from the Second Quarter 2012.
| Jun 17, 2013
First look: Austin to get first high-rise since 2003
Developer Cousins Properties broke ground on the 29-story Colorado Tower in downtown Austin, Texas, the city's first high-rise building since Cousins' completed the Frost Bank Tower a decade ago.
| Jun 17, 2013
DOE launches database on energy performance of 60,000 buildings
The Energy Department today launched a new Buildings Performance Database, the largest free, publicly available database of residential and commercial building energy performance information.
| Jun 14, 2013
First look: Callebaut's eye-popping Möbius building for Taichung arts center
French design firm Vincent Callebaut Architectures has released renderings of "Swallow's Nest," an entry in a design competition for a new cultural center, fine arts museum, and public library in Taichung City, Taiwan. The building, based on a Möbius ring, swirls around a central "Endless Patio."
| Jun 14, 2013
Purdue, industry partners test light steel framing for seismic safety
A partnership of leading earthquake engineering researchers from top U.S. and Canadian universities and design professionals from the steel industry have begun the final phase of a three-year project to increase the seismic safety of buildings that use lightweight cold-formed steel for their primary beams and columns.
| Jun 13, 2013
WorkingBuildings acquires Specialty Operations Solutions
The WorkingBuildings Companies, a leading provider of comprehensive Owner-based solutions for the built environment, announces the acquisition of Specialty Operations Solutions (SOS), a national provider of research and laboratory services.
| Jun 13, 2013
Health Product Declaration Collaborative names Knott as Executive Director
John L. Knott Jr. has been named as the Health Product Declaration Collaborative’s (www.hpdcollaborative.org) first Executive Director following a national search. The Health Product Declaration Collaborative (HPDC) is a customer-led standards-setting organization committed to the continuous improvement of the building industry’s environmental and health performance, through transparency and innovation in the building product supply chain.
| Jun 13, 2013
AIA partners with industry groups to launch $30,000 'Designing Recovery' design competition
The program will award a total of $30,000 to three winning designs, divided equally between three locations: Joplin, Mo., New Orleans, and New York.
| Jun 12, 2013
More than 90% of New York City schools have code violations
More than 90% of New York City schools have at least one outstanding building code violation. Loose wires, stuck doors and inadequate ventilation are just some of the problems.
