Sustaining life in hazardous environments...
Sustaining life in hazardous environments...

Purchase vs Hire When It Comes to Safety Critical Equipment

20th October 2016
Purchase vs Hire When It Comes to Safety Critical Equipment

 

There are many considerations when looking at the option to hire or buy safety equipment for different projects. We have outlined some of the pros and cons of each option.

 


Hire

Advantages

Disadvantages

Short Term
  • No capital or excess expenditure
  • Guaranteed availability of the equipment that is in service and ready to be used
Long Term
  • Scalable resources, only hire what is required for the project, however small or large 
  • Cost effective long term hire rates available
  • No responsibility of service/calibrations as this is managed by the supplier as the ‘owner’ of the equipment
  • Instant swap out of equipment if damaged and unusable
Short Term
  • Additional cost of delivery in getting equipment to the project
  • Cannot guarantee the equipment will be the same make/model as you are used to, although the supplier usually has various options for most standard items.
Long Term
  • May cost more overall than purchasing the equipment outright
  • Damage will be chargeable if the equipment is returned in a condition that makes it not suitable for hire to another customer.

Purchase 

Advantages

Disadvantages

Short Term
  • You know the exact specification of equipment you will be using for the job
Long Term
  • May be more cost effective overall to purchase the equipment
  • If equipment gets damaged, then it may still be serviceable and safe to use but doesn’t incur ‘damage’ charges
Short Term
  • Excess expenditure for short term projects without being able to guarantee ROI.
Long Term
  • Logistics, time and responsibility for maintaining the equipment
  • Safe and suitable storage of equipment required once the project is completed
  • All equipment has a lifespan and warranties, so will incur additional expenditure after that ends

At Breathe Safety we can offer both hire and buy options. For more information feel free to give us a call on 0844 915 1111 to discuss what would best meet your requirements.

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