There are many people who are starting in the construction industry and are unsure about whether they should buy a cement mixer pump. Renting a cement mixer pump may seem like the best option, but there are many reasons why buying this pump is better. If you are unsure about this, you should consider some of the benefits of purchasing the pump.
Long-Term Savings
A cement mixer pump will be a large expense that any new business might second guess. However, the long-term savings should not be ignored. When you buy your pump, you will be able to use it for a number of years if you maintain it correctly. Over the course of the pump’s lifespan, you will save money on the cost compared to renting one.
It is not only the cost of the actual pump that you should consider. Labor costs can also be reduced as you will not need to have people manually mixing the cement. The time they spend doing this could be put into other areas of the site where they will have more impact. This will lower the overall costs of labor that your business faces.
Availability
Another benefit of purchasing your cement mixer and pump is the fact that it will always be available when you need it. If you are going to rent this machine, you have to generally book it well in advance. Many plant rental companies will have limited stock of these machines and they will go fast.
If you do not have the time to book in advance, you might have to rent a pump that does not suit your site. This could be a pump with a capacity that is far larger than you need which results in you paying for unnecessary capacity. However, when you purchase your cement mixer pump, you will always have it available for the job you are on. You will also know that you have the right capacity.
When you run a business, you need to be able to determine what your cash flow is going to be. When you sign a contract, you are able to determine the income that you will get, but the expenses can be harder. This is particularly true when you are hiring your plant and not purchasing it outright.
Renting your pump is an expense that you will need to account for when bidding on a project. The problem is that the cost you have calculated might not be what you actually end up paying. The rental company you usually work with might not have what you need and you will have to pay more. This will increase your expenses for the job and lower the profit you make.
You might also need to pump for longer than expected. This will also increase the costs. When you have your own pump, you will not have to worry about fluctuations in plant expenses which makes it easier to plan your cash flow.
There are many reasons why you should look at buying a cement mixer pump. This is particularly important if you are planning on renting this plant instead.