Skip Hire Costs

What’s The REAL Cost Of Hiring A Skip?

If you’re planning on hiring a skip and you’re working to a budget, you need to bear in mind that the rental fees charged by the skip hire companies themselves are not the only cost involved.

According to statistics from the Waste & Resources Action Programme (WRAP) and the National Federation of Builders, the construction industry in the United Kingdom utilises 400 million tonnes of material, produces 100 million tonnes of waste and sends 25 million tonnes to landfill per annum. That’s a lot of waste! And this has major financial implications for construction sites…

When hiring a skip, the rental itself is often considered the main cost but there are in fact many other hidden costs which are often overlooked. The following infographic, courtesy of Reconomy, helps break down these costs and offers ideas about ways to reduce them by managing waste more efficiently:

 

Improve waste management to reduce skip costs

 

By optimising the use of materials and making more efficient use of skip space, not only can project costs can be lowered, but the amount of waste going to landfill can also be reduced. In other words, greater efficiency and a smaller carbon footprint…crucial in today’s economy and environmental landscape. Shockingly, KPMG’s Global Construction Survey of 2015 discovered that only 31% of construction projects managed to be completed within 10% of budget. Meanwhile, according to a survey carried out by the Federation of Master Builders, 65% of construction companies expect the costs of materials to go up over the next six months.

By developing a track record for keeping waste management costs low and productivity high, these risks can be minimised, construction firms can gain a considerable edge in an increasingly competitive market.

James Foster, CEO of North East Lincolnshire waste management company Skip Hire Grimsby, had this to say:

“Aside from all the industrial jobs we cater for, a lot of the orders we receive are from folks at home just looking to hire a skip for a few days to clear out their house or garden, or do a small renovation. Since these are often one-off jobs, a lot of people don’t realise or think about the other costs involved, or ways they could make everything more efficient. As waste management experts, one of our jobs is to help our customers make the right decisions.”

Waste Management Tips:

  • When factoring in everything from labour costs and value of waste materials, to tax and hire costs, the total cost for waste disposal can come to as much as £1,300 per skip.
  • Since skip companies charge per pick-up, skip costs are higher if skips are not fully filled, hence the importance of choosing the right size skip for the job.
  • By optimising volume and waste streams for more efficient skip use, costs can be reduced by up to 30%.
  • In order to improve efficiency, it helps to formulate a strategy for waste segregation, increase skip volume and align purchasing and delivery functions to work together effectively.
  • By focusing on the reduction of waste, reuse of materials and increased recycling wherever possible, construction companies can not only save money and reduce landfill rates, but also generate additional income and reduce carbon emissions…and ultimately enhance their reputation.