Foreman talking by phone on construction site. architect discussing project using smart phone, construction engineers planning building. Communication and safety. Man from the back (Foreman talking by phone on construction site. architect discussing p

Cranes are top-notch for shifting hefty loads across different projects. Renting them is the most straightforward way to access various crane types without buying.

You can rent cranes either through a nationwide online rental network or a nearby crane service. Sometimes, online networks connect you with local partners, combining the ease of online browsing with the convenience of dealing with a nearby company.

Before you rent a crane, check out:

  • Average rental prices for cranes
  • What factors influence rental costs
  • The benefits of renting rather than purchasing a crane

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How much does it cost to rent a crane in Australia?

Crane rental costs can vary significantly depending on several factors. While it’s difficult to provide an exact figure due to the diverse range of crane models and their unique features, understanding the general pricing range can help you make informed decisions.

Small mobile cranes, which are typically used for lighter loads and more accessible projects, often come with a rental price of around $200 per day. These cranes are versatile and can be manoeuvred into tight spaces, making them suitable for a variety of tasks.

On the other hand, larger operated cranes, capable of lifting heavier loads and requiring skilled operators, tend to have higher rental costs. It’s not uncommon for these cranes to command prices closer to $1,000 per day. These cranes are essential for more significant construction projects where precision and power are paramount.

For even larger projects that demand towering heights and immense lifting capacities, tower cranes are often the go-to choice. However, renting a tower crane can be a significant investment, with monthly rental fees reaching around $15,000. Tower cranes are commonly used in high-rise construction and other projects that require lifting materials to great heights.

In addition to the base rental price, it’s crucial to factor in additional costs that may arise during the crane rental process. These extra expenses can include:

Delivery and assembly: Many cranes, such as crawler cranes or tower cranes, need to be transported to the job site and assembled before they can be used. The costs associated with delivery and assembly can vary depending on factors such as distance, crane size, and site conditions.

Permits: Operating a crane often requires obtaining permits from local authorities. These permits not only come with associated fees but also require paperwork and approvals. It’s essential to budget for permit costs and ensure compliance with regulatory requirements.

Qualified personnel: Safety is paramount when operating cranes, which is why certified operators, riggers, and signal persons are essential. Hiring qualified personnel comes with its own costs, including wages and possibly additional training expenses.

Other fees: Depending on the specifics of the job, there may be additional fees involved. This could include expenses for disconnecting utility lines, drafting a lift plan to ensure safe operations, or paying for overtime if the project extends beyond regular working hours.

Heavy duty mobile lifting crane at construction site.

Different types of cranes: rental rates

Crane rental rates can vary significantly based on factors like the type of crane, required tonnage, location, and whether you need additional operators or riggers. For instance, hiring a 12-tonne Franna crane for basic lifting tasks might cost around $140 per hour, while renting a tower crane could set you back approximately $15,000 per month.

Here’s a breakdown of estimated rates for different types of cranes to help you make informed decisions:

Franna Crane Rental Rates

Franna cranes, known as non-slewing mobile cranes, are versatile options suitable for various lifting and moving tasks. Here are some typical hourly rates:

  • 12-tonne: $170/hr
  • 14-tonne: $175/hr
  • 16-tonne: $180/hr
  • 20-tonne: $210-$260/hr
  • 25-tonne: $265-$310/hr

Crawler Crane Rental Rates

Crawler cranes, capable of lifting heavy loads ranging from 40 to 3,500 tonnes. Delivery fees can range from $200 to $250. Mini crawler cranes (2-3 tonnes) typically cost between $455 and $660 per day.

Tower Crane Rental Rates

Tower cranes, known for their immense size, command the highest rental rates. On average, they can be hired for around $15,000 per month. Additional fees for installation and disassembly, totalling around $60,000, cover services like shipping the crane to the site, hiring a mobile crane for assembly, and crew expenses.

Crane Truck Rental Rates

A crane truck, typically a 6-tonne truck with an attached crane, is a highly mobile option for transporting heavy items over long distances. Rental rates for such trucks are approximately $354 per day.

It’s important to consider your specific project requirements and budget constraints when choosing a crane rental option. Each type of crane offers unique capabilities and cost structures, so evaluating your needs thoroughly can help you select the most suitable option for your job.

the counterweight is installed by an unrecognizable worker on a large blue car crane and is prepared to work on a site next to a large modern building. The largest truck crane for solving complex tasks.

What are the factors that affect rental costs?

Several factors come into play when determining the cost of renting a crane. Understanding these factors can empower you to make informed decisions tailored to your specific needs and budget constraints.

The type of crane you choose plays a pivotal role in determining rental costs. From small carry deck cranes to towering tower cranes, the rental price can vary significantly based on the model selected. While smaller cranes are generally more affordable to rent, operated cranes or tower cranes command higher rental fees due to their specialized capabilities and higher lifting capacities.

Lifting capacity is another crucial consideration influencing rental costs. As the lifting capacity of a crane increases, so does its rental price. Larger cranes capable of hoisting loads exceeding 1,000 tons understandably come with a higher rental fee, reflecting their enhanced capabilities and engineering specifications.

Location is a key determinant of crane rental prices. Rental rates can vary substantially depending on the country or state in which you intend to rent the crane. Factors such as local market conditions, regulatory requirements, and logistical considerations can all impact rental pricing.

The duration of the rental period also affects the overall cost. While it’s typically more expensive to rent a crane for an extended period, some rental companies offer discounts for longer rental durations, such as weekly or monthly rentals. Understanding your project timeline and rental needs can help you capitalize on potential cost-saving opportunities.

Market demand is another influential factor in crane rental pricing. During construction booms or periods of high demand, rental rates may surge due to increased competition and limited crane availability. Conversely, during quieter periods, rental companies may offer more competitive pricing to attract customers.

Additionally, it’s essential to weigh the pros and cons of renting versus purchasing a crane for your business. While renting offers flexibility and cost-effectiveness, purchasing may provide long-term benefits and operational control. Assessing your business needs, financial considerations, and growth projections can help you determine the most suitable approach for acquiring crane equipment.

Is renting a crane a good idea?

Thinking about getting a crane? Renting one can be way smarter than buying, especially if you’re trying to keep costs down and stay flexible. Here’s the deal with renting cranes:Stade, Germany - August 5, 2019: Old crane in the harbour of Stade

  • Less cash upfront: Buying a crane can hit your wallet hard – we’re talking big bucks. But if you rent, you can get the crane you need without emptying your bank account, leaving you some dough for other stuff.
  • No fuss with moving and storing: Owning a crane means you gotta figure out how to move it and where to park it when you’re not using it. That’s extra hassle and money. Rent one, and the rental company deals with all that, so you don’t have to.
  • Skip the maintenance drama: Buy a crane, and its upkeep is on you, which can be a real headache. Rent, and the rental folks keep it in tip-top shape, so that’s one less thing for you to worry about.
  • Flexibility is key: Renting means you can pick and choose the right crane for the job every time, without being stuck with one that might not be the best fit later on.
  • No worries about value dropping: Just like a new car, a crane loses value as soon as you buy it. Renting means you’re not the one taking the hit when it’s worth less down the line.

So, wrapping it up, while buying might work for some, renting is a sweet option for a lot of businesses. It’s all about getting the gear you need, cutting down on risks, and keeping things moving smoothly. Plus, it’s a solid move for staying sharp in the fast-paced world we’re working in.

Final thought

Renting a crane offers numerous advantages over purchasing one. Firstly, crane rentals offer flexible pricing structures, allowing businesses to manage their budgets more effectively. Additionally, by opting for crane rentals, companies can enjoy immediate cost savings without the hefty initial investment required for purchasing a crane. Another significant benefit is the ability to select a crane tailored to the specific requirements of each job, enhancing operational flexibility and efficiency.
Furthermore, renting a crane eliminates the need for ongoing maintenance and storage expenses between projects, leading to long-term cost savings. Overall, crane rentals provide businesses with a practical and economical solution for meeting their lifting needs while avoiding the financial burdens associated with crane ownership.