According to industry sources, the U.S. construction market surpassed !.5 trillion dollars in 2021, and that market is expected to grow in the coming years. That means there’s plenty of room for new companies. However, starting a new construction company is more challenging than some people might assume. One of the crucial decisions will be choosing the right equipment. There are several factors every contractor must consider when starting out.
Narrow Down Your Industry Niche
Most contractors are specialists and handle only specific types of jobs. Before purchasing any construction equipment, evaluate your anticipated needs carefully. In many cases, contractors will purchase equipment. However, some equipment is costly, so leasing might be a better option. As a rule, smaller items, like welding tools, are purchased as needed. However, heavy equipment will generally be financed or leased, depending on the situation. Once the specialization is defined, choosing the right tools is easier.
Determine the Type of Worksite
Where a contractor works determines the type of tools and equipment needed. For example, working indoors generally means equipment won’t face severe weather conditions. On the other hand, when most jobs are performed outdoors, all equipment must survive under harsh conditions. Rain and snow are common, and severe dust issues will impact the operation of many tools.
Evaluate Your Real Needs
Far too often, contractors fail to evaluate their needs correctly when purchasing equipment. In some instances, contractors will insist on the most expensive model of whatever equipment they use when a less-expensive option would prove adequate. In other cases, contractors focus on their budget rather than their actual needs and purchase equipment that won’t hold up to the anticipated use. Neither of those scenarios is beneficial, so take the time to evaluate the type of work and the environment when choosing equipment.
Choose Equipment That’s Easy to Repair
All equipment requires maintenance and repairs. That’s a fact of life. Choosing equipment that’s relatively easy to service and has parts readily available prevents project delays and lost income. In some cases, contractors elect to keep commonly needed parts on hand to avoid downtime. The type of equipment and cost of parts will dictate how to deal with maintenance and repairs, but the most critical factor will be choosing equipment that reduces the odds of costly downtime. Whether it’s a mig welder or a skid steer loader, choose your equipment carefully. If you’re unsure which models will meet your needs without breaking the budget, ask the company selling the equipment for recommendations and their rationale for suggesting specific makes and models.
Keep Safety in Mind
Regardless of the type of equipment, maintaining a safe workplace is a must. Every person using a piece of equipment must be adequately trained to reduce the odds of injuries or damage to the equipment or site. In addition, appropriate PPE must always be used. Hard hats, safety shoes, appropriate gloves, and safety vests are standard requirements on job sites, so always keep any needed gear on hand. Don’t take chances. The future of a construction company can hinge on job site safety.
Choose an Equipment Supplier Carefully
Finally, new construction company owners need to choose their suppliers carefully. Developing relationships with quality suppliers right from the start makes life far easier when new equipment, parts, or repairs are needed in the future.