Home » Glossary of Supply Chain and Logistics Terms » Equipment Hire Rates Gear Hire

Glossary

Equipment Hiring or Gear Hire

Tags: Glossary

Delve into Equipment Hire Rates and Gear Hire in logistics. Discover how organizations access essential equipment without the burden of ownership.

Pricing for Equipment Hiring or Gear Hire

Equipment Hire Rates or Gear Hire refers to the pricing structure and associated costs incurred when renting or leasing various types of equipment or gear for specific tasks, projects, or operational needs.  

Equipment hire encompasses a wide range of items, from heavy machinery like cranes, excavators, and bulldozers, to lighter equipment such as power tools, generators, and specialized instruments. The cost of equipment hire is typically based on the duration of the rental period, which can vary from a few hours to several weeks or months. Longer rental periods often result in lower daily or hourly rates. 

 

Equipment hire rates can be structured in various ways. Common pricing structures include daily, hourly, weekly, or monthly rates. Some equipment rental companies may offer discounts for extended rentals or offer flat rates for certain equipment. In addition to the base rental rate, customers may be charged for the delivery and pickup of the equipment to and from the rental site. These fees can vary depending on the distance and equipment size. 

Related Glossary terms

Ready to get started?

Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

Share the Article