Hiring equipment is a suitable method for contractors to use to overcome the economic crisis. According to Kennards Hire , an important thing is to keep the cash coming in. Hiring allows contractors to continue to take on work without having to outlay capital or take on new debt.
Once the job is finished, the equipment is returned, without the worry of depreciation, repairs, and maintenance or storage costs. The hire fee can be charged back to the client.
Kennards Hire observe that the hire fee is fully tax deductible, and can be recovered in one year, not spread out over several years which happens when equipment is purchased.
Contractors can also look at doing a range of jobs by hiring. The Kennards Hire toolbox includes small power tools to large earthmovers, trucks and elevating work platforms. Temporary fencing, portable toilets and road plates are among equipment, which can be hired to keep building sites operating.