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Time Is Money When It Comes To Your Project—But Just How Much?

Everyone agrees, time is money—especially on high-pressure, fast-track projects—but how much money? If you actually crunch those numbers and put a price tag on your time, what would you come up with?

RSC Equipment Rental can show you with a few quick calculations. Below are four common ways that project managers often end up wasting time.

 

By multiplying those lost hours with typical wages,
you get dramatic evidence of your unrealized profit potential.

Each category below represents a unique RSC benefit that can simplify your job. When calculating the cost of wasted time and inefficiency, remember that RSC saves you time and money on your projects!


1) Equipment Downtime
RSC equipment is expertly maintained to the highest standards, so it works when you need to!
With other rental companies, what does it cost you when equipment goes down on a site, and you have workers standing around?
hr
  Trade peoples' approximate hourly average wage (+ benefits if applicable) = $  per hr.
hr
  Number of people idle X  people
hr
  Number of hours down idle X  hrs.
Total cost of typical equipment downtime incident (wage x people idle x hours down) = $
2) Late Equipment Delivery (Or Wrong Equipment Delivered
  We know it's critical to have equipment on site when you've got crews waiting, so RSC takes the extra steps to make sure
we deliver exactly what you need, when you need it.
What's it really costing you when the other rental companies don't deliver your equipment on time?
hr
  Trade people's approximate hourly average wage (+ benefits if applicable) = $   per hr.
hr
  Number of people idle X   people
hr
  Number of hours down idle X   hrs.
Total cost of typical equipment downtime incident (wage x people idle x hours down) = $
3) Telephone Time Waiting For Customer Service
  RSC works when you do! By providing responsive Customer Care 24/7 and After Hours Support, with real employees—
RSC gets you the answers and results you need, fast!
With other companies, what does it cost you to waste time trying to get help after hours?
hr
  The hourly value of your time (+ benefits if applicable) = $   per hr.
hr
  Hours typically wasted on unanswered phone requests X   hrs.
Total cost of waiting for customer service after hours (value of time x hours wasted) = $
4) Time Spent Managing Equipment
  RSC offers you exclusive software management programs such as RSC Online®, to save you hours of time and increase your productivity. You can reserve equipment*, create custom reports and call equipment off-rent online! You even get fast, convenient online bill paying with RSC ePayTM.
What does it cost you to spend time doing all those functions manually?
hr
  The hourly value of your time (+ benefits if applicable) = $   per hr.
hr
  Hours typically spent managing and tracking equipment, paperwork, etc. X   hrs.
Total cost of waiting for customer service after hours (value of time x hours spent) = $
5) Now Add Up The Benefits!
  Click on the "Calculate Total" button below to see how much RSC can save for you.
Total savings by switching to RSC Equipment Rental = $
*Requires pre-negotiated contract pricing.