How Much Does a Crane Rental Cost?
Renting a crane may be necessary for many different construction projects such as landscaping, excavating or during a building project.
How much does it cost?
- The cost of renting a crane will depend on the duration of the rental, where you rent it from, if an operator is needed, the type of crane and the geographical location. Most construction cranes can be rented for $100 to $800 per day. The prices may go down or up, depending on the type of crane and the rental company.
- By the hour, it can range anywhere from $100 to $600 per hour for both the operator and the crane. Again, this will vary depending on the size and company.
- In an article of The Aberdeen Group, it was stressed that rental rates for a crane and operator start at around $100 per hour and can exceed $500 per hour for large cranes.
- There are also crane companies that let you rent equipment on a weekly or monthly basis. Machinerytrader.com gives a list of construction companies through which you can rent a crane. A 2013 SANY HEAVY IND CO LTD SRC840, for example, can be rented for $6,950 per month while a 2011 SANY HEAVY IND CO LTD SRC865XL and 2012 TADANO GR550XL-2 can be rented for $9,950 and $8,000 per month.
- Other high-end cranes range from $15,000 to $30,000 per month of rental.
What is going to be included?
- The inclusions for your rental will depend on the company from which you are renting. Some will include the operator in the package while others would require you to pay separately for the crane operator. The terms of usage will be discussed by the company before the contract is signed.
- Rental companies offer different types and sizes of cranes at various hourly rates. To ensure that you choose the right crane for the job, discuss your lifting needs with a representative of the rental company who can help you determine the crane type and lifting capacity required.
What are the extra costs?
- Rent per hour. Some rental companies charge per hour of use aside from the separate fee for the equipment. So if you are renting a construction crane at $750 a day with a $250 usage fee per hour, then you will end up paying $2,500 for a seven-hours of use. Some companies apply the said policy on their rentals. With that, you should ask if there are extra fees you need to consider.
- Operator’s fee. Unless it is specified at the beginning of the process that the operator is included in the package, you need to consider setting aside money to pay the crane operator. Operating these complex machines is not an easy task to do. Thus, you need the expertise of crane operators.
Factors that affect the price:
- Location. The location is a big determinant of the entire rental price as the delivery of the crane may be delayed if the location is too far. It is expected that the cost will increase if the work site does not lie within the distance set by the company. Also, the estimated rental cost of the crane will increase if the area is hard to traverse.
- Specific type of crane. This refers to the technology or features of the crane that you will be renting. The more advanced it is, the more you will probably have to pay for it. If you want to rent a mobile crane that has the latest features, you may have to add some more money to your budget. It is expected that machines deemed to be obsolete will have lower rental fees. The basic rule is that when the machine depreciates, the rental fee also decreases.
- Company Stability. As discussed on an article at Streetdirectory.com, company stability is a very unpredictable factor. Some companies, when they realize that they already have an established reputation and client base, lower their costs to serve those clients better. However, other companies just get greedy and charge higher prices because of their newfound popularity.
Questions to ask:
- What type of crane do I have to rent to get the job done? Should I get a crawler mounted lattice-boom crane or a truck-mounted model with either a lattice or telescopic boom?
- What lifting capacity should the crane have?
- Is the payment inclusive to the crane operator or will I be paying separately for it?
Tips to know:
- To improve operator productivity and safety, one must consider renting a crane with extra lifting capacity. In addition, this will also avoid costly delays.
- To get the crane you want when you need it, be sure to reserve it from the rental company well in advance.
- To identify whether or not the company you have contacted has a good reputation and has no existing customer complaints, you can check out the Better Business Bureau.
How can I save money?
- To get the most value for your rental, you must select the crane carefully; that is, you should get the one that is needed for the specific project. In addition, you should schedule your rental efficiently and set it up for maximum performance.
- Always find a rental company near you. By doing so, you will be able to make sure that the estimated rent cost of cranes remains as low as possible. Remember, location is a very big determinant of the entire rental fee.