By Gerry McCaig, Chief Operating Officer, Nexus Rental
Most businesses know what their Plant, equipment and HGV hire costs on paper. What they rarely see is what it costs in practice.
Open any hire invoice and the numbers are clear: day rates, delivery charges, fuel surcharges, damage costs. What that invoice does not show is the two hours your team spent raising the sourcing the equipment, chasing the compliance documentation coordinating the delivery, and reconciling the charge across multiple sets of supplier invoices. That work is invisible on paper. But it carries a real cost.
On average, each hire generates between £50 and £75 of administrative overhead. Not per week, not per supplier. Per hire. For a business processing 500 hires a year, that is over £30,000 of cost that never appears on a single budget line.
The problem compounds when Plant, equipment and HGV hire are managed across multiple operations, which for most businesses they are. Different teams, different suppliers, different portals, different invoices. Neither side has visibility of what the other is spending, and the true cost of managing that complexity stays hidden.
At Nexus, we built our Plant, Equipment and HGV proposition specifically to address this. Powered by Iris®, we bring both into a single managed platform: one team, one invoice, every supplier, and full visibility across compliance, spend, and utilisation. The suppliers stay. The complexity does not.
Your operations can scale, but your administrative overhead does not have to.
To find out what your hire admin is really costing you, book a 30-minute demo of Iris® at [insert link].
