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 equipment related ownership and operating costs. Miscellaneous equipment rental rate information caltrans. Cdot erosion control and storm water quality guide and pocket book, 6. 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. When equipment is idled or on standby in a delay, the specification provides for payment at 50% of the rental rate blue book. Each rate covers all costs eligible under the robert t. The rental rate blue book published by primedia information, inc. 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. The division of construction is a results driven engineering organization that prides itself on timely project completion. The contractor will be paid the rental rates, as modified herein, set forth in the rental.
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. The fdot currently uses two methods to establish reimbursement of equipment costs. Rental rate blue book for construction equipment, 4. The shas which use the blue book and other rate methods should modify the equipment rates before they are applied to federalaid projects. 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. Rental rate blue book cost recovery equipmentwatch. Customers now have access to both nationally benchmarked and usercustomized charge rates for nearly all types of. Stafford disaster relief and emergency assistance act, 42 u. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. This online tool is valuable for determining and verifying hourly operating and ownership cost rates for contractor owned equipment. Determination of construction equipment rental rates in force. 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. Quick reference guide equipment rental rates from blue book.
Read, highlight, and take notes, across web, tablet, and phone. Add tags for rental rate blue book for construction equipment. Rental rates are based on an 8hour day, 40hour week, 160hour 4week month. Construction equipment are you a facility or property manager. 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 are derived from cost formulas and factors. Chief, construction and maintenance division office of highway operations. Equipmentwatch adds pickup trucks to rental rate blue book. Past records show that depending on the manual used, the rental cost for the same piece of equipment. Blue book bc road builders and heavy construction association. At some point of utilization, it does not pay to own the equipment. 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. Equipment costs monthly equipment rate table cost per.
May 15, 2017 construction equipment ownership and operating expense schedule table of contents. Hourly equipment rental rates are based on the following data reported by county road commissions on the county equipment questionnaires. Miscellaneous equipment rental rates are updated daily. May 01, 2020 the division of construction is a results driven engineering organization that prides itself on timely project completion. Equipment rental rates for contractor owned equipment.
Rental rate blue book equipment cost recovery equipmentwatch. However, rates prevailing in other states can be found by applying the corresponding area modification factor. 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. These rates were computed by using 2015 actual expenses of county road commissions, plus a.
Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. This reduced rate is intended to cover the contractors ownership costs less major overhaul and. Used equipment prices equipment blue book equipmentwatch. Construction equipment rental rates vary widely according to fac tors such as type and. Rate blue book for construction equipment which is published by the. All other provisions of the agreement remain in place.
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. Overtime charges will be prorated at 18 of the daily rate for each hour over eight hours in a day. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. 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. Lease plans for new equipment are available for periods in excess of six months, with a percentage of payments applying toward purchase. These rates were computed by using 2017 actual expenses of county road commissions, plus a. The rental rate blue book is the only commercial equipment rate. Instantly access the rental rate blue book reimbursement rates. For items not referenced in the rental rate guide, odot contract rates were applied as well as the latest federal emergency management agency equipment rates. A formula for construction equipment cost recovery for.
I verify the labor rate from certified payrolls and materials from invoice prices. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Rates listed in the rental rate blue book are intended as a. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the. Bidscope is the blue book networks powerful project search engine that allows you to connect to the companies and the people behind the projects. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. Equipment rental rates and labor surcharge caltrans. Rate modifications, indicated on regional adjustment maps in the blue book and as applied automatically by the blue book. 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. We recognize that time is money for owner, contractor, and the public. Direct repair, indirect repair and storage, operating and depreciation. Commercial contractors equipment the blue book building. Check out our buyers guide built specifically for your needs.
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. Weekly rental rates are about the monthly rates, and daily rental rates are about the weekly rate. 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. The hourly equipment rental rate schedules are for equipment either owned by a local government,or private company. The fhwa rate is an hourly rate based on monthly rental rate blue book data. 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. 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. 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. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. 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.
No low equipment rates based on commissioners rental schedule list any additions to the equipment. Best sites about equipment rental rates blue book 2019. Additionally, fhwa states that the rates must also be adjusted for age and geographic region. 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. 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. Please take the necessary steps to assure that predetermined equipment usage rental rates used by the shas within your region comply with federal cost principles. Rental rates can also be treated as reimbursement costs for contractorowned equipment. Higher hourly cost compensation for heavy equipment used in. This is the standard fhwa recommended reference for. Mail stop 692, fax number 65664677, central office s.
This is the standard fhwa recommended reference for rental rate calculations. Equipmentwatch provides data for construction equipment, lift trucks and ag equipment equipment costs, valuesprices, year verification, rental rates. The use of privately owned equipment is to be approved on a casebycase basis by the. For the hourly and nonmetered equipment, the standard rate may be derived from the rental.
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. Equipment rental rates contract administration construction. Best sites about blue book rental rates construction equipment. They represent the average prevailing at the state of new york at the time data was collected. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. Determination of construction equipment rental rates in. Contractors equipment companies servicing redmond, wa change location.
The standard reference for rental rates on all classes of construction and equipment, volume 1. Current miscellaneous equipment rates csv current miscellaneous equipment rates txt historic miscellaneous equipment rates csv historic miscellaneous equipment rates txt frequently asked. These rates were computed by using 2016 actual expenses of county road commissions, plus a. The blue book for costplus, force account, and ownership and operating cost reimbursement. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins.
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