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When it comes to Re-rented equipment many construction and rental businesses have different terminology, for clarity this page covers Sub-Rental, Sub-rents, Subrental, Re-Rental, Rerental, rent-to-rent and wholesale rental concepts as well as third party rental (3rd party rental) or external rental if you are a construction company renting in from outside. 

Using equipment rental software to control your third party, external, sub-rent or re-rent equipment

Re-Rental Management Software Features

rerental subrental sub-rental management software icon
rerental, subrental, sub-rental, rental software
RentalResult rental software is specifically designed to manage the process of renting equipment in from external vendors or 3rd parties. Re-rentals is built into the heart of the system giving you control & visibility over profitability and re-rental process

Re-Rented Equipment Management Solutions

  • Fully Integrated into your normal rental process

  • Approvals if required for control

  • Uplift Management including profitability tracking

  • Visibility throughout the system

  • Distinguish between rental revenue earned by Owned v. Re-rented assets

  • Ability to re-rent bulk as well as serialized equipment

  • Ability to maintain, manage damage charges etc against re-rented equipment as easily as against your own

  • Project-based-rentals for when you know upfront that the equipment will have to be re-rented

#1 - Financial Visibility: Cost and Rental Revenue Tracking clearly differentiates between re-rented / sub-rented equipment and those assets that are part of your fixed asset register or your rental fleet.  

 

#2 - Margin Protection: Apply Sub-rental uplifts to the vendor rental rate based on end-customer, job site, project and product. 

 

#3 - Direct cost transfer: to pass costs directly from AP invoices to the end customer or job site. Particularly useful in construction or internal equipment management businesses.

 

#4 - Physical Visibility throughout the Rental Software of which assets are owned and which are re-rented or sub-rented equipment including the ability to differentiate between physical utilization by owned or re-rented equipment

 

#5 - Improve Order Accuracy: Maintain vendor rental rate lists as well as vendor purchase prices to ensure that quotes and orders are as accurate as possible. 

 

#6 - Easy 1 click Ordering: Back to Back Purchasing tied directly to rental contracts and individual rental contract lines to allow you to raise sub-rent POs or re-rent POs directly from the customer demand.  

 

#7 - Complete Project Traceability: Project Based Rentals allowing you to manage divisions or businesses where all equipment is sub-rented but you still need to track the equipment on and off rent. Particularly important in some construction and equipment management facilities.  

 

#8 - Accurate Re-rental Accruals to capture expected value of future vendor charges. Accruals can be grouped by project and task code for construction and oil field services companies who are working with project costing systems. 

 

#9 - Reduce Re-rental Financial Losses using automatic return to vendor processing at the point of off-rental from a customer or demobilization from a job site.

 

#10 - Re-rental Analytics to understand your profitability, margins and potential fleet adjustments in relation to your rerent equipment. 

10 Key Benefits of Managing

Re-rented Equipment through RentalResult Equipment Rental Software

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