What are the risks of renting a water well drilling rig

The risks of leasing water well Drilling Rigs are mainly centered on the following aspects:

Equipment problems: aging equipment, high failure rate, untimely maintenance, insufficient spare parts, etc.

Personnel problems: poor operator qualification, poor safety awareness, construction process is not standardized.

Contract problems: unclear contract terms, unclear cost settlement, disputes.

Safety Risks: Hidden danger of equipment, dangerous construction environment, risk of injury or death.

Other risks: market price fluctuations, force majeure factors.

Examination of the qualifications of the leasing company: to understand the company's establishment time, scope of business, past performance, customer evaluation.

Check the condition of the equipment: conduct a detailed inspection of the leased equipment to ensure that the equipment is intact and has good performance.

Sign a detailed contract: the contract should specify the equipment type, quantity, lease term, rent, maintenance responsibility, liability for breach of contract.

Strengthen on-site management: send someone to supervise the construction site to ensure construction safety.

Purchase insurance: Purchase appropriate insurance to cope with emergencies.

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