AnyQuip pairs equipment owners with renters online

A new service is intended to get idle machines working by matching potential users through an app

As the old maxim goes, time is money. When it comes to equipment, operating time is certainly money – but the machine must be running and working to bring that money in.

When we are faced with a down market, such as the situation in Alberta and to some extent throughout the construction industry, the maxim becomes no work equals no money. That is a difficult situation to face for owners who have invested plenty of funds into their equipment.

A new approach to equipment rental is offering opportunities to get that equipment back to work and earning money faster. It’s a very different way of renting equipment that its proponents hope will lead to more uptime for machinery and other items that might otherwise be sitting on the lot waiting for the next job to come along.

“All over the world, contractors have equipment to do certain specific jobs – so there ends up being a lot of underutilized equipment sitting around,” related Steve Skiba, himself a contractor and now the CEO of Calgary-based startup AnyQuip. “If I have a construction company that is a paving and concrete contractor, I still might get odd jobs that require additional equipment. So, even in our busiest years, we still rent a lot of equipment.”

At the same time, most contractors have those pieces of gear that may be busy for long parts of the year and idle during another. “In a slow year, we may have a ton of our fleet sitting in the yard collecting dust – and still be still renting equipment because we don’t have the right mix,” Skiba said. “Guys buy the common material they need, then rent the other 20 percent.”

Traditionally, rentals are managed through a rental house – the contractor stops in, picks up the machine from the rental house’s on-site fleet, and carries on. That can be pricey in the long run, though – Skiba knows that from experience. Finding a cost savings while also finding the right piece of equipment at the right time was a challenge. However, after experiencing some peer-to-peer service, Skiba came up with a new approach to equipment rentals.

“I was in Philadelphia… and taking Uber everywhere. At the time, oil was down below $40 a barrel, and I knew I’d have a lot of equipment sitting around. I wondered ‘why can’t we do this with equipment?’” Skiba said. “Why can’t we take those underutilized assets and put them to work?”

That’s where the concept of AnyQuip came from. It is a system that bypasses the rental houses and puts rentals into the hands of the equipment owner and renter themselves.

“We already do contractor to contractor rentals in my business – I rent to my friends all the time. But, your network might only be 12 to 15 people who would rent from you and you would rent from,” Skiba said. “There’s no structure, and no contract, and the bottom line is that if those guys aren’t looking to rent then I have equipment sitting idle.”

Instead, AnyQuip provides an online marketplace that offers owners a place to advertise their equipment and renters a place to pick up what they need without having to deal with the rental house. Much like Uber or Airbnb, it is designed to give a snapshot of the equipment that gives potential renters an idea of what the machine looks like and its level of maintenance.

“As a contractor, you would sign up as a member, and we would vet you – make sure you’re an actual business, check any Better Business Bureau issues, and so forth,” he said. “Each user gets ratings, so you’re really concerned about your reputation on the platform. If you’re someone who doesn’t care about that, then you won’t last.”

The website provides a list of products available, along with a price, notes on whether transportation or operators are available, and numerous other factors regarding the piece of equipment being rented out. Once a potential renter – who is also vetted – is on the site, AnyQuip helps make those connections by providing the necessary contracts, prompts for mandatory insurance certificates, payment processing and detailed pre- and post-inspections, while taking a small fee on each successful rental. The renter is required to treat the machine just as they would their own – and are rated poorly if they don’t. All activity and communications, including all inspection data is saved on the site and protects both owner and renter in the case of any disputes that may arise. AnyQuip also works with the renters to ensure they have everything they need to keep the machines working well.

“If you don’t have a maintenance truck, we’ll get one for you. If you don’t have a fuel truck, we’ll get that too. If you don’t want to transport it, we’ll get that,” Skiba said.

The result is a generally lower rental cost, and a higher utilization for that piece of equipment.

“Rental houses charge a rate that is what they need to survive. They need to pay their sales people, they have to pay for a building, they have mechanics and all the overhead,” he said. “If I have a piece of equipment sitting underutilized, I can put that on AnyQuip and there’s no real overhead attached to that. What we’re trying to do is make it simple for contractors to make a solid deal on a piece of equipment.”

AnyQuip recently launched in Alberta, initially targeting both the construction and oil and gas markets that use plenty of different types of equipment, from light towers and generators to large excavators. It has begun to expand into Saskatchewan and southern British Columbia, with the hope of going even further in all industries where heavy equipment works once it has established itself as a good rental option, Skiba said.

“We probably have more rental requests than we do equipment. We’re getting a lot of questions, but we aren’t getting pushback – guys realize that if they don’t start moving this equipment, they won’t be in business,” he said. It’s likely that rental will have an even greater role in the future, Skiba suggested.

“We’re already seeing it in our business – we may get beat on a job by a guy who owns a single piece of equipment – he just rents,” Skiba said. “There will be contractors who don’t think twice about not owning equipment.” OGPN

Company Info

  • AnyQuip Inc.

    Suite 100, 1410 1 Street SW
    Calgary , AB
    CA , T2R 0V8

    AnyQuip is Canada’s trusted contractor-to-contractor heavy equipment rental network. Our members-only marketplace helps to increase equipment utilization in every industry where equipment works: Construction, Energy & Utilities, Agriculture & Farm, Landscape & Snow Removal, Forestry & Environment, Mining, Trucks & Trailers, and Industrial Support.

    Read more

Latest News

Tags
Instrumentation, Systems & Automation

Inductive linear position sensors use LVIT technology

The Sensor Connection has expanded its sensor product offering by adding a line of ILPS-27 Series Inductive Linear Position Sensors using LVIT Technology; contactless devices designed for automation and a variety of industrial or commercial applications. With their compact design, superior performance, and excellent stroke-to-length ratio, ILPS-27 sensors are ideal for both industrial testing laboratories and OEM applications.  

ILPS-27 Features:
  • Contactless operation prevents wear out from dither or cycling 
  • 10 Ranges from 50 to 450 mm (2 to 18 inches)
  • Excellent stroke-to-length ratio
  • 27 mm (1.05 inch) diameter anodized aluminum housing sealed to IP-67
  • Radial cable exit version comes with swivel rod eye ends
  • Axial termination versions with either M-12 connector or cable 

Read More

Tags
Industry News

Global energy system likely to shift in near future, according to IEA

Global energy system likely to shift in near future, according to IEA

The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified energy mix in China is another major driver of this transformation.

Read More

Tags
Power Systems

Volvo Penta unveils new Stage V 5- and 13-litre engines

Optimized for tomorrow, the new EU Stage V engines feature the latest technology and are an ideal fit  where excellent fuel efficiency, low emissions, high productivity and reliability are required. The 13-litre engine with exhaust aftertreatment system (EATS) is a great choice for large machinery while the 5-liter solution is ideal for smaller equipment.

Read More

Tags
Instrumentation, Systems & Automation

Inductive, contactless linear position sensor

Alliance Sensors Group has released its LV-45 series inductive, contactless linear position sensor using LVIT Technology. The LV-45 linear position sensors are specifically designed for measuring applications requiring rugged devices, whether measuring position of steam turbine valves, mounted in a paper mill head box or calendar roll stand, or outdoors fastened to a building, bridge or structure. The LV-45 series was designed after identifying the wants and needs of engineers in the industrial world, so LV-45 Series linear position sensors can withstand the high vibration and severe shock environment found in steel, aluminum, and paper mills, as well as extremes of temperature and humidity found in most outdoor applications where many other types of linear position sensors cannot survive.

Read More

Tags
Instrumentation, Systems & Automation

End-to-end energy monitoring component portfolio

Weidmuller introduces a new portfolio of selected energy monitoring components for energy consumption measurement, monitoring and integrated quality analysis of electrical supply networks. Designed for production facilities both large and small, Weidmuller's modular and scalable solution provides energy monitoring at all levels from the grid connection to production lines and machines, down to the individual machine modules. The product portfolio includes the Energy Logger D550, Energy Analysers Series and the Energy Meters Series, all fully integrated with Weidmuller's ecoExplorer software for visualization, analysis, and remote access and operation.

Read More

Multiprocess welder provides portable solution

Miller Electric Mfg. Co. has introduced the new Dynasty 280 DX with CV, a multiprocess welder capable of AC/DC TIG, MIG and stick welding. Weighing just 55 pounds, this portable machine is suitable for the shop or jobsite for applications including shipbuilding, construction, precision fabrication, heavy fabrication, pipe and tube fabrication, and maintenance and repair. 

Read More

Tags
Industry News

Carr promotes Canada's energy sector among international counterparts

Carr promotes Canada's energy sector among international counterparts

Canada continues to garner international respect as a trusted global leader, committed to clean energy, gender equality, innovation and energy security. Building on these strengths, Canada's Minister of Natural Resources, the Honourable Jim Carr, held productive discussions with international counterparts in Paris over the past two days at the International Energy Agency (IEA) Ministerial meeting. 

Read More

Tags
Industry News

Pembina prepares for $290 million Duvernay infrastructure development

Pembina prepares for $290 million Duvernay infrastructure development

Pembina Pipeline Corporation announced that it has executed further agreements whereby the Company will construct and operate the first tranche of infrastructure development under its previously announced 20-year infrastructure development and service agreement with Chevron Canada Limited. The Agreement includes over 230,000 acres of land dedication by Chevron in the liquids-rich Kaybob region of the Duvernay. 

Under the Service Agreements, Pembina has been requested to develop and construct: 
  • raw product separation and water removal infrastructure; 
  • a condensate stabilization facility with approximately 30,000 barrels per day ("bpd") of raw inlet condensate handling capacity; 
  • a 100 million cubic feet per day gas processing facility with approximately 5,000 bpd of propane-plus liquids capacity ("Duvernay II" a replica of Pembina's Duvernay I facility); and 
  • a 10-inch condensate pipeline lateral that will connect to the Company's Peace Pipeline system.

Read More