FCC

Buy or rent?

2025-02-22

Heavy equipment buy or rent decisions traditionally used to be based on the duration of the need, with rental contracts being favoured over outright purchases only in long-term projects.

Arjunkumar N Pachani, Founder, Migoo, a construction equipment rental company, says “The concept of owning equipment became popular decades ago when India didn’t have sufficient construction equipment, and funding agencies such as the World Bank and Asian Development Bank wanted to be certain that the contractor being awarded a project had the equipment needed to implement it.”