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Contract Hire can represent the ultimate risk
free method of acquiring, running and maintaining plant, putting a
ceiling on your costs and releasing additional capital to invest in your
business. The administrative burden and financial risk of predicting the
running costs of your plant for the period of the contract is completely
removed.
Contract Hire is the name usually given to an Operating Lease that is
combined with service, repair and maintenance agreements. JCB Contract Plan
is a Contract Hire package that is more than just a fixed cost acquisition
and disposal service, it is an all encompassing package that can cover the
entire spectrum of plant operations. Servicing, mechanical repairs,
breakdowns, insurance and even relief machines become one agreed
budgetary expense. All the other tax and accounting benefits of
Contract Hire mirror those of an Operating Lease.
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