Hiring mining equipment comes with many benefits. These include ongoing service and support, maintenance and repair, and a time and cost-efficient process. This blog will explain everything that you need to know about hiring mining equipment, including the difference between wet and dry hire, what to expect with your hiring lease, as well as the benefits of trying out machinery before purchasing.
At HDD Solutions, we understand the hiring process well and are experts at providing a reliable, professional hiring solution for our mining clients in the Wangara region.
There is a Difference Between Wet and Dry Hire
It’s essential to understand the difference between wet and dry hire. Simply put, dry hire is the machine only. Whoever is leasing the vehicle or machinery is responsible for the overheads.
However, wet hire includes operating services. Wet hires are typically more expensive because you get more support during the period of the lease. These types of engagements are more common for businesses that rely on the quality and standard of their equipment. This means they want to avoid as much damage as possible.
When hiring your equipment, it’s good to clarify what type of hire you need and specify that in all lease agreements.
Hiring Equipment comes with Optimal Service Maintenance
Service maintenance of mining equipment can be a costly and worrying process. There are several things to consider, including the talent and expertise of the labour required. However, wet hiring mining equipment eliminates this worry. The service provider you hire from will use one of their specialists to provide ongoing maintenance for your machinery.
At HDD Solutions, we specialise in the maintenance of all common equipment makes such as Caterpillar, Sandvik, Atlas Copco, Normet.
A Strong Support Team for your Needs
When hiring mining equipment, you must trust the company you’re engaging with. A great support team is going to benefit you enormously as you continue to hire from this brand. The representatives of this company are the ones you will be in continuous communication with and who you will need to go to for any additional costs, services, maintenance, expertise, or repairs. Plus, the hiring company should recommend your equipment based on their knowledge of your needs. So, the longer the relationship between businesses, the better these recommendations will be.
At HDD Solutions, we recommend researching the various businesses available to you and gathering reviews and recommendations from other mining experts.
Hiring Mining Equipment is Great for Budgets
Hiring mining equipment can be a simple procedure and one that is very cost-efficient. This enables companies to easily track budgets because there aren’t as many overheads required. Buying equipment can come with costly additions. These include repairs, maintenance, and the potential financial loss of a machine breaking beyond repair. However, hiring equipment eliminates these overheads.
Businesses can forecast monthly budgets much easier when hiring their equipment. Knowing what machinery will be needed ahead of time allows companies to allocate the necessary finances into monthly budgets as required.
There is No Hassle of Buying and Selling
As with any type of lease or loan, there comes the point when the contract ends. Here, you either return the vehicle in the condition it was leased to you or extend the contract for another fixed amount of time. It’s simple, efficient, and saves time and money. We would say that hiring equipment is a lot more time and cost-efficient than buying. There is no risk of lost value nor of spending weeks trying to sell old equipment.
Try Before You Buy
Hiring is a great way to start this process if you want to eventually buy machinery for your mining plant. You’re able to test out the quality and ability of the machinery and make while not having any risk associated with it just yet. This means you can test out and see if the machine is worth your investment ahead of time.
There is plenty to know about hiring mining equipment, and we trust that this blog has given a good insight into the rental industry. It’s essential to consider wet and dry hire, the service and support of the business you’re hiring from, and monthly budgets and costs. There are also additional benefits of little hassle and the ability to try machinery before purchase.
At HDD Solutions, we aim to provide our clients with cost-effective hiring and repair solutions. Please get in touch today if you are wanting high-quality machine repairs with a friendly and expert diesel staff. We look forward to sitting down with you to discuss your current underground fleet requirements and provide the heavy diesel solutions you have been looking for.