Obviously this is the most common question we are asked, shortly followed by planning but that’s another story for another day!
Quite understandably it’s usually asked by people who have never used a temporary building before and simply have no idea of price.
With a handful of key variables needed to determine a cost of any temporary building project it’s usually hard to give off the cuff estimates, although, we can sometimes give guideline sq m figures or starting costs for a basic structure.
So, what would these guidelines costs be and what are the variables needed to get a more precise idea of cost?
Costs to hire a temporary building
As with most hire contracts the cost to hire will decrease the longer you hire a building for. If your need is say three to six months you would pay more per month than if your contract was for three to six years.
The actual building itself might start from around £300 a month for a basic storage unit or canopy. From thereon it’s a nominal increasing scale based on specification. What size building you opt for, how many buildings, whether or not you need insulation, how many doors, types of doors, heating, lighting etc all can be included.
Transport, installation, dismantle and removal costs are also added to most jobs. These costs need to be calculated and not estimated as they are based around location, equipment and labour.
Generally these costs still keep the hire of a temporary building in the same financial league as hiring an industrial unit off-site. And, in the rare event of costs working in favour of the latter, most people still prefer to have the additional space on-site and save on long-term additional costs such as fuel, extra staff and security.
Key to hiring a building though is you can leave capex alone and incorporate hire fees into monthly operational budgets.
Costs to buy a temporary building
The option to buy a temporary building can sometimes throw people. Why would you want to buy something you are only going to use temporarily?
These structures are named after their ability to be used temporarily but they can also be used long-term as they meet the required British Standard for structural safety BS 6399.
Without getting too technical this means they can safety withstand the UK’s maximum snow loadings and wind force. Meaning they can be used long-term. And, although the design life is fifteen years, many UK organisations have had them in situ for twenty years plus and they are still going strong.
How much it costs to buy a building again depends on the specification.
There are sometimes second hand temporary buildings available which are taken from hire stock. These could be as little as £13,000 to buy with a small additional cost for transport and installation if you didn’t want to do this yourself.
Basic spec new buildings could still be as low as £16,000 upwards to buy.
Two key advantages of buying a building instead of hiring is you don’t have any dismantle and removal costs and you also have an asset; something that can be sold on at any time. You can sometimes even sell it back to the supplier.
Low cost and ongoing commercial gain
The commercial advantages of using industrial temporary buildings reach far beyond initial outlay though.
A typical warehouse structure takes around four days to build. New from the factory has a lead time of around 3 weeks. Supplied from hire stock probably has a lead time of around 3 days.
So, whether your chose to hire or buy you are probably going to have additional space on-site in less than a month, ready to use.
This means your operation can capitalise on growth and business opportunities at the drop of a hat. Reaping high rewards with a low investment and fast return.
And, no space has to ever stand empty eating into operational budgets. When you don’t need it, send it back.Simple as that.
You can find out more about temporary buildings here and also get our Guide to Temporary Buildings
We’d be interested to know your experience and opinion of costs associated with hiring or buying a temporary building.