How to Manage Rising Equipment and Rental Costs

Six tips from an industry expert can help you decide whether to rent or own.

How to Manage Rising Equipment and Rental Costs

Determining whether to rent or buy equipment like this Vermeer D23x30 S3 horizontal directional drill can be a hugely impactful decision for a business owner.

A major challenge facing companies in today’s construction industry is dealing with rising equipment and rental costs. One key component to this is knowing whether to buy a piece of equipment or rent it, says Gregg Christensen, recently retired vice president of the national accounts at United Rentals. Founded in 1997, the company is the largest equipment rental company in the world.

“If there is a consistent level of equipment utilization, based on future projections of...

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