Rental rate blue book for construction equipment

Past records show that depending on the manual used, the rental cost for the same piece of equipment. Miscellaneous equipment rental rate information caltrans. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. Based on the above rationale, the fhwa has determined that when the blue book is used to calculate equipment rental costs for periods of less than a month, the most equitable approach is to utilize an hourly rate developed by dividing the blue book monthly equipment rental rate by 176. Rental rates can also be treated as reimbursement costs for contractorowned equipment. Mail stop 692, fax number 65664677, central office s. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. The blue book has become the standard for determining equipment rental rates across the industry, and it is used by private contractors, large corporations and the government.

These rates were computed by using 2015 actual expenses of county road commissions, plus a. Add tags for rental rate blue book for construction equipment. Construction equipment rental rates vary widely according to fac tors such as type and. Rental rate blue book equipment cost recovery equipmentwatch. Equipmentwatch rental rate blue book report a typical equipmentwatch rental rate blue book report for a linkbelt rtc8050 series ii crane is included as an attachment to this memorandum for reference and example purposes. Rental rate blue book cost recovery equipmentwatch. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the. When equipment is idled or on standby in a delay, the specification provides for payment at 50% of the rental rate blue book. To clear it up a bit, what im looking for is a price list as to what a contractor would charge a customer for force account work and the like. Jul 17, 2006 keeping your rate to 50% to 60% of the rental company rental rate should put you in the ballpark for preparing budgets, etc. Rental charges will continue until the unit has been returned and checked in at burris equipment or notice has been given that the equipment is ready to be picked up. Lease plans for new equipment are available for periods in excess of six months, with a percentage of payments applying toward purchase. Determination of construction equipment rental rates in.

The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the provincial ministry of transportation. Chief, construction and maintenance division office of highway operations. The hourly equipment rental rate schedules are for equipment either owned by a local government,or private company. The rental rates for privately owned equipment are determined by referencing either the new york state office of general services heavy equipment rental standby contract or the current rental rate blue book for construction equipment by primedia, inc.

They represent the average prevailing at the state of new york at the time data was collected. However, rates prevailing in other states can be found by applying the corresponding area modification factor. May 01, 2020 the division of construction is a results driven engineering organization that prides itself on timely project completion. Equipmentwatch expands rental rate blue book, internal.

States may adopt the blue book or other industry rate guides that have been modified to exclude cost allowances which are ineligible for federal reimbursement. This reduced rate is intended to cover the contractors ownership costs less major overhaul and. Construction equipment are you a facility or property manager. No low equipment rates based on commissioners rental schedule list any additions to the equipment.

Commercial contractors equipment the blue book building. Weekly rental rates are about the monthly rates, and daily rental rates are about the weekly rate. The shas which use the blue book and other rate methods should modify the equipment rates before they are applied to federalaid projects. Check out our buyers guide built specifically for your needs. The standard reference for rental rates on all classes of construction and equipment, volume 1. Best sites about blue book rental rates construction equipment. This online tool is valuable for determining and verifying hourly operating and ownership cost rates for contractor owned equipment. Equipmentwatch adds pickup trucks to rental rate blue book. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness.

Equipment costs monthly equipment rate table cost per. Best sites about equipment rental rates blue book 2019. I have been looking all evening for a web site, or some other sorce of information on equipment blue book rental rates, to no avail mind you. This is the standard fhwa recommended reference for rental rate calculations. Overtime charges will be prorated at 18 of the daily rate for each hour over eight hours in a day. These rates were computed by using 2016 actual expenses of county road commissions, plus a. Rate blue book for construction equipment which is published by the. The fhwa rate is an hourly rate based on monthly rental rate blue book data.

Equipment rental rates and labor surcharge caltrans. Payment of equipment rental rates for disruptions and inefficiencies cover the contractors depreciation costs. This guide will assist you in establishing the rental rate for construction equipment, as obtained from the rental rate blue book, and used to establish rates for force account work. Commercial large rental yard companies that provide az construction rental equipment such as air compressors, generators, mobile scissor lifts, portable floodlights, scaffoldingshoring, temporary climate control equipment, welding equipment, etc. Most dots use rental rate manuals to determine equipment reimbursement. These rates were computed by using 2017 actual expenses of county road commissions, plus a. Rates listed in the rental rate blue book are intended as a guide to determine the amount an equipment owner should charge in order to recover equipmentrelated ownership and operating costs. Rates listed in the rental rate blue book are intended as a. Read, highlight, and take notes, across web, tablet, and phone. Miscellaneous equipment rental rates are updated daily. I verify the labor rate from certified payrolls and materials from invoice prices.

Monthly rental rates vary from 2% to 5% of the purchase price of the equipment depending on the anticipated life of the equipment and its wearing parts. Current miscellaneous equipment rates csv current miscellaneous equipment rates txt historic miscellaneous equipment rates csv historic miscellaneous equipment rates txt frequently asked. Quick reference guide equipment rental rates from blue book. Hourly equipment rental rates are based on the following data reported by county road commissions on the county equipment questionnaires. Equipmentwatch provides data for construction equipment, lift trucks and ag equipment equipment costs, valuesprices, year verification, rental rates. Direct repair, indirect repair and storage, operating and depreciation.

The rental rate blue book published by primedia information, inc. Blue book bc road builders and heavy construction association. For the hourly and nonmetered equipment, the standard rate may be derived from the rental. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Equipment rental rates contract administration construction. Minnesota department of transportation road and travel information, construction projects, regional offices, bid letting, future highway plans, hot topics, jobs, library, map sales, news, public meetings, research and related links. Equipmentwatch, a provider of ownership and operating cost data, announces the introduction of lightduty truck models to its rental rate blue book and internal charge rate products the update. Equipmentwatch, the leader in data, software and insights for the heavy equipment industry, has expanded its rental rate blue book and internal charge rate products to include cost data for over 22,000 models, a new record for the equipmentwatch cost products. May 15, 2017 construction equipment ownership and operating expense schedule table of contents. Construction equipment rental rates rep resent a considerable portion of the costs incurred by contractors when they submit claims for force account work to dots. The fdot currently uses two methods to establish reimbursement of equipment costs. Each rate covers all costs eligible under the robert t.

Customers now have access to both nationally benchmarked and usercustomized charge rates for nearly all types of. Cdot erosion control and storm water quality guide and pocket book, 6. Stafford disaster relief and emergency assistance act, 42 u. We recognize that time is money for owner, contractor, and the public. Equipment rental rates for contractor owned equipment. Equipment code equipment description rate per hour tank car fuel included 21. The use of privately owned equipment is to be approved on a casebycase basis by the. At some point of utilization, it does not pay to own the equipment. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. Additionally, fhwa states that the rates must also be adjusted for age and geographic region. Determination of construction equipment rental rates in force. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. The division of construction is a results driven engineering organization that prides itself on timely project completion.

Higher hourly cost compensation for heavy equipment used in. Rental rate blue book for construction equipment, 4. The blue book for costplus, force account, and ownership and operating cost reimbursement. These rates vary widely, depending on factors such as type and age of equipment, capacity, operating costs, availability, and the geographic and climatic conditions at the jobsite. The contractor will be paid the rental rates, as modified herein, set forth in the rental. This is the standard fhwa recommended reference for. Fhwa federal highway administration has limited their participation in matching funds with state highway agencies using rental rate blue book to the monthly rate divided by 176 hoursmonth plus the hourly operating cost. All other provisions of the agreement remain in place. These rates are derived from cost formulas and factors. Bidscope is the blue book networks powerful project search engine that allows you to connect to the companies and the people behind the projects.

The rental rate blue book is the only commercial equipment rate. Used equipment prices equipment blue book equipmentwatch. Instantly access the rental rate blue book reimbursement rates. Rental rates are based on an 8hour day, 40hour week, 160hour 4week month. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. Access targeted project opportunities with the bidscope project manager.