How Much Does It Cost to Rent an Excavator in Singapore?

Excavator no doubt is one of the most popular pieces of equipment in the construction industry. The cost to rent an excavator depends on multiple factors, so a general estimate is helpful during the early stages of the planning process. In most cases, the excavator rental prices range from $150 to $700 per day, $700 to $3,000 per week, and $1,600 to $6,000 per month. The rental rates highly depend on the operating weight together with some other crucial factors.

How Much is the Rental Rate of the Excavator?

The best way to search and compare the best excavator rental rates is to check through an online rental platform like Antbuildz.com which offers the most transparent rental price or contact a salesman manually. Below is the rough estimation of rental rates of excavators with a standard bucket in Singapore for reference. 

7 Factors That Affect Excavator Rental Costs

Knowing which factors affect excavator rental prices can help you make a more informed decision when choosing a product and supplier. To get the most accurate cost estimate, consider the following factors herewith:

1.   Job Site Location

If frequently moving material from one location to another and saving time is critical for you and your job sites are scattered around the city area, then a wheeled excavator could be a good choice since it can travel on roads and save on transportation costs. To get an accurate estimate, be sure to enter your exact location when browsing rental options or requesting a quote.

2.  Project Schedule

Projects lasting one or two days will cost much less than those spanning months or years. Knowing an exact project schedule in advance can prevent you from paying for unused days or scrambling to extend your rental period later on.

Read also: When to Choose Mini Excavators Over Standard Excavators

3. Types of Excavator Size

Basically, there are 3 common sizes of excavators which are mini excavators <5 T, standard excavators>5 T-20T, and large excavators>20T. Different sizes come with different body dimensions, different power, and operating weight and reach. You must consider the worksite layout and job requirements to determine the best size for the excavator. Larger excavators with more horsepower typically cost more than smaller models and can be less fuel-efficient.  

4. Excavator Brand & Models 

Some excavator brands and models cost more to rent than others. To get the best rate, it can be helpful to compare multiple brands and weigh their pros and cons. An online equipment rental marketplace is an excellent place to start when comparing features and prices.

There are many excavator brands available on the platform but not limited to as follows:

• Yanmar
• Kubota
• Wacker Neuson
• Volvo
• Kobelco
• Komatsu
• Sunward
• Caterpillar
• Sany
• Sumitomo
• Hyundai

5.  Digging Capacity 

You need to consider the digging depth, maximum reach, and lifting requirements for accurate selection. The state of the rental market can cause prices to fluctuate during different times of the year. Rental costs are often higher in areas with high demand and lower in those with fewer active construction projects.

Read also: How to Choose the Right Excavator?

6. Excavator Attachment

Different excavator attachments have different rental prices. The excavator's design allows it to serve many versatile purposes. Hydraulic cylinders, booms, arms, and attachments provide digging and holding functionalities while a house-like cab provides the driver with controls to direct the excavator and a rotating platform and wheels provide the necessary mobility to lift and remove debris from the worksite.

7.Equipment Insurance

Do you know that 99% of equipment rentals in Singapore, Malaysia, and even the entire South East Asia are not covered with equipment at all risk during the rental period to protect users from any accident? The reason is simply there is no such insurance product to protect users from any equipment damage loss for short-term rental from one day to less than a year. The underwriting time may even take more than weeks which makes user impossible to purchase. So, it is crucial to rent your equipment with insurance to protect your risk exposure. Otherwise, any accident can cause a major cost impact on your equipment project budget. 

If you manage to rent the excavator with coverage of Equipment All Risk, even with just a slightly higher rate, you should consider going for it as the risk exposure will be much more than you thought!

One of the ways to get Equipment All Risk covered is to rent your equipment through a reliable online rental platform such as Antbuildz.com. Every single piece of equipment that you reserved through the platform will be compulsorily covered with Equipment All Risk which protects your equipment damage risk up to $30,000. What good is it's totally free!

Choose the right digging equipment for your project!

By this point, you should be able to rent the right excavator at the very best price for your project. Remember, the proper selection of excavators should be exactly what you need, not overcapacity. It ought to also give you the best value in terms of budget.

Still, sourcing equipment rental rates manually? Let Antbuildz.com, a neighborhood platform, assist you to find the right rental equipment for your job in just a few clicks! Check for the best daily/weekly/monthly rental rates of all excavators ranging from 1-ton to above 20-ton capacity in just a few clicks here!  

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