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Assuming a conservative figure of USD 2,300 per crane hour, a difference of just one per cent in the total availability (reliability) of a crane will amount to a loss of following revenue to the operator: 3.65 days (1 % of 365 days) x 24 hours x USD 2,300 = USD 201,500 per year.
A boom lift can cost anywhere from $25,000 to $100,000 depending on the type and length. That price tag might be cost probative for some contractors. Others who regularly use this type of equipment in their daily operation may decide that the capital outlay of buying a boom lift is better than the rental fees.