THE BUILDING PROCESS
- Conditions of Hire and Rates
There is a vast amount of equipment that is used on a building project and because not all equipment is used constantly, it is often not practical for a building contractor to own all the necessary equipment. Therefore, hiring equipment is both practical and cost effective. Hiring is usually priced on a daily or hourly rate. A day is eight hours and transport is generally not included - check your local hire shop’s terms and conditions.
Conditions of hire and rates
A rate is calculated for each item relative to its value and applied to a common term. A deposit payable in advance is also levied and is refunded on date of termination of the hire period. Generally, any equipment deemed faulty by the hirer on delivery will be replaced or fully refunded. On acceptance of the goods, the onus falls on the hirer to maintain the equipment in good running order and repair to the standard required by the owner until the equipment is returned to the owner.