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Equipment rental was first developed in Anglo-Saxon countries. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, [1] and the first waves of consolidation took place in the 1970s in North America ...
In the UK Crane Rental industry in the UK, which is one of the most highly developed crane rental industries in the world, special regulations for health and safety and rental procedures are in place. These are maintained as the CPA regulations. [1] In Europe, European Rental Association is the trade body representing the equipment rental industry.
In general usage, rent refers to a payment made in exchange for temporary use of property, for example paying rent to stay in an apartment. In economics, rent is any payment to an owner or factor of production in excess of the costs needed to bring that factor into production. Effectively, it is payment made to a producer above and beyond what ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Rental utilization is divided into a number of different calculations, and not all companies work precisely the same way. In general terms however there are two key calculations: the physical utilization on the asset, which is measured based on the number of available days for rental against the number of days actually rented.
Glossary of economics; Glossary of electrical and electronics engineering; Glossary of engineering: A–L; Glossary of engineering: M–Z; Glossary of environmental science; Glossary of experimental design
Rental management software should cover all aspects of a rental business in a systematic way including Financials (GL, AR and AP), Equipment Servicing, CRM and reporting functionality allowing rental businesses to achieve all their business analytics from within a single package. Rental management software that integrates with 'off-the-shelf ...
Rent: Filmed Live on Broadway, 2008 film of the final Broadway performance of the musical; Rent (MUD), a game mechanic in some MUDs "Rent" (song), a 1987 pop music hit from the Pet Shop Boys "Rent", a song by Lights from Pep; Gross rentals, also known as distributor rentals, the distributor's share of a film's theatrical revenue at the box office