Are you ready to invest in an SPF rig or trailer? We hope you’re feeling more confident now that you’ve read the majority of our mini-series. This last blog will cover a variety of SPF topics to ensure you’re thoroughly informed before you start shopping.
I’ve laid out a few last-minute considerations you can review to ensure you’re ready to buy! Take a quick look and contact our insulation experts today with any questions you may have. We want to help you make the best decision for your business, budget and the type of jobs you’ll be performing!
Spray foam rigs can cost anywhere from $70,000 to $140,000, depending on the equipment included in the trailer. Due to the regular fluctuation in equipment costs, this range will change over time. If you’ve been following this mini-series, you probably already know that the cost can also vary depending on your business’s needs. For a precise cost estimate, we recommend reaching out to a professional spray foam rig supplier.
If you’re a small business with a tight budget, you may want to consider in-house spray foam rig financing to support your investment. We’re proud to offer this additional support to qualified businesses that want to expand. At IDI, those who qualify for financing may access 90-day deferred payments or a 6-month payment process, allowing you to better manage your cash flow and increase your ROI.
Having local support and expertise available can be incredibly important when it comes to troubleshooting equipment failures, replacing parts or just stocking up on necessary products and materials. Do you have somewhere you can get supplies such as PPE, spare parts, chemicals and solvents?
Choose a local insulation supplier that carries a wide breadth of products and can provide you with fast deliveries to your job site.
Spray foam rig costs weigh heavily on businesses that are experiencing an abundance of downtime. Downtime on a job means no money. With your bottom line in mind, it’s imperative to have a reliable supplier. If you travel from location to location, techs strategically placed across the country will be able to help when problems do arise. Avoid missed deadlines by having fast, reliable support for every minor issue and large-scale replacement.
It’s also equally important to have a local supplier who can provide on-call expertise, either over the or in person. You’ll save time, money and resources by having an expert on your side to help you move past any issues fast to avoid costly downtime and missed deadlines.
Training can make a world of a difference when it comes to project quality and the longevity of your rig. So, make sure to ask your rig supplier what training will look like for you and your crew. Ask yourself these important questions:
Choose a supplier who is with you for the long haul, not just the rig sale. Choose someone who will support you and wants to see your business grow.
At IDI, we offer top-notch training sessions for you and your crew when you purchase your spray foam rig. After you purchase a rig, we’ll send an SPF technician out to your location or job site to get you comfortable with your equipment and confident in your spraying capabilities. We also have training events throughout the year where you can come in and get information on how to save money and keep your business profitable.
Last but not least, at IDI, we value our customers and focus on the long-term relationship. We continue to support you and help your business grow from year to year with industry best-practice trainings, on-call support and a leading supply of insulation materials and equipment. Our goal is to help you and your crew get the best yields and grow your business capabilities so you can take on more work!
Before you choose your rig:
Learn more about our custom or basic spray foam rigs and use our experts as your guide in this investment. Contact your local IDI experts to discuss options, and work with our team to understand which rig is best for your business!
By: Ken Allison, Director of Business Development
Ken specializes in business development and building science. You can find him at any of our training events around the country helping local contractors grow their business. Contact your local rep about the next training event near you to hear Ken’s advice first-hand.
Read the Full Series:
Read our full rig series to determine what type of rig you should invest in to get the most ROI. Learn about important factors that should go into your rig purchase decision and how they could affect your rig’s performance on the job and your profitability!
Construction materials take up a significant part of the construction cost. Higher the cost of construction materials, higher will be the building cost. To generate more profit, contractors try to lower the cost of materials to create higher profits. The trick is in knowing how to reduce the overhead expenses. It requires planning the construction, procuring construction material from the best possible source, and updating your knowledge base with advancements in building materials. While you must have planned your project well, here are a few ways to save more on the construction materials:
Link to Electric Powertek
Contractors survey at shops and wholesalers to find the best price of their construction materials. Buying in wholesale gives larger quantities of materials at a much lower price. Retailers tend to sell at a higher cost usually. Retailers trick buyers with discounts and sell lesser amounts. With wholesalers, it is a different experience.
While exploring cost-saving strategies, it’s also beneficial to consider diverse material sources. Our guide on sourcing building materials in the US complements these strategies by offering a variety of options for cost-effective and quality material procurement.
Before beginning the construction, estimate the construction material required, divide it into sections like interiors, exteriors, doors, etc. Planning this will give you a clear idea of what is available with a wholesaler and what not. You can save money by buying in bulk from a wholesaler. Ensure that unused materials are returned to the store and the amount is credited back to your bank account.
While growing the construction business, one should procure material from multiple suppliers to know the quality and the prices. If you start dealing with one supplier, you wouldn’t know what others are offering; and you will lose on discounts. Having a connection with multiple suppliers is an advantage. You can compare the prices, look for better products, and get good deals too.
Stick to the supplier who offers a reasonable price regularly. But don’t commit your business to one supplier for the entire tenure. Negotiation skills matter when it comes to dealing with the supplier to get the best deal each time.
You can also establish a credit system with suppliers who will be selling you the building materials. You can pay them in 15,30, or 60 days after procuring the material. Paying earlier than specified dates can lead to good discounts too.
Understanding the fundamentals of procurement is key to cost savings. Our detailed exploration of what is procurement in construction provides the necessary background to better appreciate the nuances of cost-efficient material acquisition.
Construction sites have a lot of raw material that is used on a need basis. In a building, measurement and size are crucial, which means the extra raw material is left unused. You can find materials such as lumber, plywood, windows at almost every site. Look around for scraps at other construction sites as well or at buildings under renovation. They are likely to have scraps that can be given away and will be of use to you. Talk to the contractor, and you could save up on a lot of expensive raw material.
Also, if there is unused material, ensure that they are returned to the store and the amount is credited back to your bank account.
While looking for estimates, never settle with the first one. This is obvious but does not strike contractors when they are eager to start a new project or quickly finish the renovation. Take quotes from 3-5 suppliers, settle with the one who gives discounts, deliver the raw material at home, and maintain the same costs for a long time. Access aggregated volume buying discounts through sites.
Enhance your approach to material sourcing with our guide on effective strategies for purchasing construction materials online, a key factor in reducing project costs.
When buying materials in bulk, quality is often compromised, ending up in spending extra on re-work, modifications, etc. When deciding on raw materials, specify to your team and the supplier what quality you are looking for. Cheap quality products fail to provide the strength, good looks, and ultimately you end up spending more rather than saving. The market is full of efficient material that saves energy and costs both. Insulated sheets, cool roofing, insulating foams, etc., are making their way in the construction market as cost efficient materials that can serve the purpose even if purchased in lesser quantity.
The construction industry sees developments too. New trends and designs can help save resources; there are efficient solutions that can save a lot of money. Keep an eye and keep your research strong while buying construction materials.
Easy to install materials save time and money. Buy easy to install products as they minimize the risk of failure. Train your team to install the products to prevent installation failures and save time when it is to be again for a new site.
Failure of installation will affect the building’s further procedures, and you will have to go back and make the necessary adjustments. Electrical products, electrical switches, and boxes are available to be installed easily. Look for what fits your requirements and discuss with the architect before making any purchases.
The construction industry has its peak seasons and dull seasons like any other industry. Winter is a slow time for the construction industry. Starting construction during winters can save between 4-5% of the total building cost. Costs for materials are reasonable, services are better, and saving is higher during the dull season. Therefore, many contractors prefer starting projects during this season.
Specific projects such as roofing or renovation can save up to 10 percent during the winter season.
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