Have hire companies become banks

In this explosive episode of Dig In Deep, hosts Mark Kennedy (“The Prompt”) and Mark Scutt (“The Stats Man”) tackle one of the biggest issues facing the construction and hire industry right now: Has tool hire become a race to the bottom? From ultra-low hire rates and damage waivers to national account pricing, hidden charges, late payments and online tool sales, we ask the question many in the industry are already thinking… Are tool hire companies now acting more like banks than hire businesses? We also debate: • Are cheap hire rates destroying margins? • Why are more contractors buying tools instead of hiring? • Have the large nationals broken the market? • Are independent hire firms being squeezed out? • Is construction expecting premium service for impossible prices? • Are damage waivers and extra charges becoming major profit centres? • What does the future of tool hire actually look like? Featuring real industry discussion, hard truths, commercial realities and statistics from across the UK construction, plant hire and tool hire sectors. If you work in: • Tool Hire • Plant Hire • Construction • Civils • Trades • Equipment Rental • Builders Merchants • Contractor Management …this episode will hit home. 🎙 Hosted by: Mark Kennedy – The Prompt Mark Scutt – The Stats Man 👇 Tell us in the comments: Has the hire industry become unsustainable? #ToolHire #Construction #PlantHire #DigInDeep #EquipmentHire #ConstructionIndustry #Trades #Builders #HireIndustry #ConstructionPodcast #UKConstruction #PlantAndToolHire #BusinessPodcast