Shall I be hiring dewatering pump or purchase it?
Are you also stuck in the same loop whenever it comes to using a dewatering pump at your construction site?
When it comes to using a dewatering pump at any site, businesses have two options: whether to rent or purchase one. Each option has its own advantages and disadvantages; therefore, it’s essential to consider all the factors and then make a decision for your business.
Let’s walk through all the factors that can help you decide whether to rent or purchase a dewatering pump.
1. Frequency and Duration of Use:
The most crucial factor in deciding whether to rent or purchase is the frequency or duration of your use. If you need a dewatering pump for a few days or occasional emergency use, then renting will be suitable for you. It is not only cost-effective but also an ideal choice for short-term, seasonal, or infrequent projects.
If you have long-term, continuous, or very frequent dewatering needs, then purchasing the one will be the best option for you.
Works like construction, mining, and municipal services have frequent requirements for dewatering; therefore, purchasing one can provide a better return on investment over time.
2. Capital Investment:
Renting a dewatering pump requires minimal to no upfront capital expenditure means you only pay for the rental period. If you have a limited budget and need capital for other critical investments, then renting a dewatering pump will free up your capital.
On the other hand, purchasing a dewatering pump, especially for heavy-duty applications, requires a high amount of investment.
It can be a substantial financial burden on your business till you use it in your core operations.
3. Maintenance, Repairs, and Running Costs:
When you hire a dewatering pump, the rental company is typically responsible for all the maintenance, repairs, and servicing. This reduces your operational responsibilities, minimizes repair costs, and ensures the pump is always in the best working condition.
When you purchase a dewatering pump, you become responsible for all maintenance, repairs, and other associated costs like spare parts, operators, etc. In unexpected circumstances, you might also need to hire skilled technicians.
4. Access the Latest Technology & Obsolescence:
As providing the dewatering pumps on rent is the only business of rental companies, they regularly update their inventory with the latest and most efficient pump models. This means you can get access to the newest technology whenever you need it, without the need for constant reinvestment or worrying about your owned machine becoming obsolete.
If you purchase the dewatering pump, you own the technology you buy. Over time, your pump may become less efficient or less capable compared to newer models. Or else, you will have to bear additional costs for an upgrade.
5. Storage and Logistics:
While hiring a dewatering pump, you no longer need storage space. Once the work is complete, you simply return the pump to the rental company. This simply cuts off the cost of storage, security concerns, and the risk of damage when not in use.
It’s true that when you rent a dewatering pump, you will have to wait for the work till it arrives; on the other hand, when you purchase one, you can use it anytime, anywhere. However, it also adds storage costs.
This can be financially challenging, especially when you own a large industrial pump.
6. Flexibility and Scalability:
Renting a dewatering pump offers unmatched flexibility, giving you the freedom to choose any size and type every time you need one. Whether you need a submersible pump, centrifugal pump, or slurry pump, you always have the freedom to choose the one that best fits your specific requirements for each project.
Suppose there are any unforeseen changes in the projects and their requirements, like increased water ingress. In that case, you can easily scale up or down by switching pumps or renting a different one with higher capacity.
When you buy a dewatering pump, it limits your capacity. You’ll have to purchase additional equipment if there is any requirement to scale up.
7. Expert Support and Technical Assistance:
Some renowned rental companies like Raajgad Pumps also provide expert technical support, site assessments, pump sizing assistance, and installation advice to ensure the equipment functions optimally.
In case of any failure or downtime, you do not need to worry about bearing the extra cost of support and maintenance because it’s the responsibility of your rental company.
When you purchase a dewatering pump, you are responsible for acquiring technical experts in-house or hiring external support.
Conclusion
Both hiring and purchasing a dewatering pump have their unique advantages and disadvantages. But by summing up, we can say that renting a pump is more beneficial if you do not have any frequent requirements in your business, as it saves your capital, comes with additional benefits, and gives unmatched flexibility to scale up or down according to your projects. Moreover, you no longer need to worry about the repair, maintenance, technical support, and storage costs, as the rental company covers it all.
While purchasing a dewatering is beneficial when dewatering is a part of the core operations of your business, and you require pumps frequently. In such a case, renting pumps constantly might cost you more than purchasing one.
Well whether you are looking for a trustable dewatering rental company that provides different types of dewatering pumps or want to purchase one for your frequent business operations, look no further than Raajgad Pumps.
From submersible pumps to centrifugal pumps, and rental to all repair and maintenance services, Raajgad is your one-stop solution. For more information visit “http://raajgadpump.com/”.
