Related Links: The Top 10 Equipment Rental Companies Contractors are facing tough times. Many have scaled back, cut costs and adapted to doing more with less in order to survive.As a result, equipment rentals are flourishing as a means of lowering overhead expenses by trimming debt, licensing fees, taxes, insurance and maintenance."Although it may seem counterintuitive, rental companies should be heartened by all this uncertainty," says Frank Manfredi, president of equipment research firm Manfredi & Associates, Mundelein, Ill. "The uncertainty will drive equipment users to use rentals more and more."One company that has benefitted from the weak economy is United
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.