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 Its flexible nature allows you to avoid being stuck with outdated assets.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
| Jan 4, 2012
Shawmut Design & Construction awarded dorm renovations at Brown University
Construction is scheduled to begin in June 2012, and will be completed by December 2012.
| Jan 4, 2012
Skanska acquires Industrial Contractors
Industrial Contractors Inc. is a contractor in the commercial, industrial and power markets of the Midwest. The company employs 2,400 people and in 2011 the revenues are estimated to be approximately $500 million.
| Jan 4, 2012
HDR to design North America’s first fully digital hospital
Humber River is the first hospital in North America to fully integrate and automate all of its processes; everything is done digitally.
| Jan 4, 2012
New LEED Silver complex provides space for education and research
The academic-style facility supports education/training and research functions, and contains classrooms, auditoriums, laboratories, administrative offices and library facilities, as well as spaces for operating highly sophisticated training equipment.
| Jan 3, 2012
Gilbane awarded $88M Contract for Ohio elementary school construction
The new award, which comprises the construction of five new elementary schools and demolition of 11 older facilities, is the latest K-12 building program managed by Gilbane for the Ohio School Facilities Commission since 1998.
| Jan 3, 2012
AIA's ABI November Index reaches 52.0
The Architecture Billings Index (ABI) reached its first positive mark since August.
| Jan 3, 2012
Callison acquires Barteluce Architects & Associates
This acquisition will grow Callison’s New York team to over 75 architects.
| Jan 3, 2012
VDK Architects merges with Harley Ellis Devereaux
Harley Ellis Devereaux will relocate the employees in its current Berkeley, Calif., office to the new Oakland office location effective January 3, 2012.
| Jan 3, 2012
Weingarten, Callan appointed to BD+C Editorial Board
Building Design+Construction has named two new members to its editorial board. Both are past recipients of BD+C’s “40 Under 40” honor.
| Jan 3, 2012
New Chicago hospital prepared for pandemic, CBR terror threat
At a cost of $654 million, the 14-story, 830,000-sf medical center, designed by a Perkins+Will team led by design principal Ralph Johnson, FAIA, LEED AP, is distinguished in its ability to handle disasters.
