Oct 28, 2011 the blue books for construction equipment 2008. Determination of construction equipment rental rates in. 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. To clear it up a bit, what im looking for is a price list as to what a contractor would charge a. Force account the force account agreement specifies the labor rates, material costs, and equipment rates to be used. Miscellaneous equipment rental rates are updated daily and available on the internet at. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. The 2008 edition of the blue book for construction equipment most major makes and models has over 1,000 pages of prices, values and specifications.
A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. Construction equipment rates contract pricing including cas. For items not referenced in the rental rate guide, odot contract rates were. If he is using owned equipment that has been fully depreciated on the company books, then you should negotiate a nominal but reasonable price for using the equipment plus operating costs. This reduced rate is intended to cover the contractors ownership costs less major. Equipment rental rates for contractor owned equipment. This is the standard fhwa recommended reference for rental rate calculations.
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. These rates were computed by using 2017 actual expenses of county road commissions, plus a factor for estimated increased costs between 2017 and 2019. Introduction to cost recovery rental rate blue book the rental rate blue book is a comprehensive guide to cost recovery for construction equipment. Equipment costs include not only rental, but also operating costs for equipment under normal use. The daily blue book rate is approximately 25 % of the weekly rate, based on the loss of roughly 60 hours during a month when machinery is used on a daily basis. Equipment rental rates contract administration construction.
Privately owned equipment 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. Access targeted project opportunities with the bidscope project manager. 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. Vdot no longer develops equipment rental rates for the commonwealth.
The adoption of contractor owned equipment rental rates must be a state decision as the recognition of an approved rate may also be used in rental rates, construction contracts, force accounts, claim work, litigation, and cost accounting. These costs are then prorated over the months that the equipment is normally expected to work. Construction equipment rentals daily, weekly, monthly rates. Miscellaneous equipment rental rate information caltrans. In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. Login or register now to gain instant access to the rest of this. 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. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Those that are available commercially via the rental rate blue book, or rates through the federal emergency management agency for declared emergencies only. Stafford disaster relief and emergency assistance act, 42 u. Heavy equipment rentals include bulldozers, backhoes, large dieselpowered dump trucks, frontend loaders and other large construction and commercial equipment. However, rates prevailing in other states can be found by applying the corresponding area modification factor.
The hourly blue book rate is approximately 15 % of the daily rate, based on the loss of roughly 80 hours during a month when machinery is used on an hourly basis. Rental costs equipment rental rates are obtained from the. Determination of construction equipment rental rates in force. Volume 3, for equipment 11 to 20 years old dataquest. Effective january 1, 2018 through december 31, 2018. The office of equipment management calculates standard equipment rates for the ohio department of transportation odot. Counties possessing a state trunk line maintenance contract will be reimbursed at these rates. 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. Equipment rental rates and labor surcharge caltrans. A typical equipmentwatch rental rate blue book report for a linkbelt rtc8050 series ii crane is included as an attachment to this. 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 cos. The more equipment you use, the more accurate equipment cost recovery techniques must be for bidding and reporting purposes. The hourly equipment rental rate schedules are for equipment either owned by a local government,or private company. This guide is provided for reference purposes only to assist in determining the appropriate ratings listed in section 127.
The middle section of the equipment report, under the blue book rates heading, shows. This online tool is valuable for determining and verifying hourly operating and ownership cost rates for contractor owned equipment. The hustle and bustle of shoppers, the sounds of metal blades scr. Equipment costs monthly equipment rate table cost per. These rates are utilized internally at odot and are viewed and. Local assistance division business virginia department. Equipmentwatch expands rental rate blue book, internal charge. The blue book for costplus, force account, and ownership and operating cost reimbursement. The rental rate blue book is the only commercial equipment rate. Quick reference guide equipment rental rates from blue book. Rate per hour for excavator and loader heavy equipment. Some equipment is depreciated on an operating hours basis, for example.
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. When operating a heavy equipment rental business, rates are determined based on the profit the owner desires over a two to fouryear period. Rental rate blue book for construction equipment, 4. Equipmentwatch expands rental rate blue book, internal. The contractor will be paid the rental rates, as modified herein, set forth in the rental. Bidscope is the blue book networks powerful project search engine that allows you to connect to the companies and the people behind the projects. 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. A typical equipmentwatch rental rate blue book report for a linkbelt rtc 8050 series ii crane is included as an attachment to this.
These rates are derived from cost formulas and data developed by equipmentwatch and from analytic methods used in the construction industry. Instantly access the rental rate blue book reimbursement rates. Chief, construction and maintenance division office of highway operations. A formula for construction equipment cost recovery for. Rates listed in the rental rate blue book are intended as a. 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. Whether you are interested in construction equipment rentals for a day, a week, or even a month, eagles vast inventory of rental equipment will meet your temporary needs. It is suitable in cases when an agreement cannot be reached regarding the scope of work and the amount of payment.
Used equipment prices equipment blue book equipmentwatch. If localities have not developed their own rates, we recommend using of the following. The contractor should not be charging you rental rates out of the blue book. The use of privately owned equipment is to be approved on a casebycase basis by the. 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. This is useful information when estimating the time and material requirements of any particular operation in order to establish a unit or total cost. Sep, 2012 some equipment is depreciated on an operating hours basis, for example. Payment of equipment rental rates for disruptions and inefficiencies cover the contractors depreciation costs.
Rate blue book for construction equipment which is published by the. All other provisions of the agreement remain in place. For the hourly and nonmetered equipment, the standard rate may be derived from the rental. Miscellaneous equipment rental rates are updated daily. Current miscellaneous equipment rates csv current miscellaneous equipment rates txt historic miscellaneous equipment rates csv historic miscellaneous equipment rates txt frequently asked questions. For items not referenced in the rental rate guide, odot contract rates were applied as well as the latest federal emergency management agency. The arhca equipment rental rates guide provides users with up to date, accurate information on equipment rental rates. Equipment rental rates federal highway administration. Arhca releases updated equipment rental rates guide rma. The developer of the blue book accumulates all contractor costs for owning a piece of equipment for an entire year. Each rate covers all costs eligible under the robert t. Best sites about equipment rental rates blue book 2019.
Force account work is not a preferred option due to the increased level of monitoring required. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. The use of privately owned equipment is to be approved on a. Direct repair, indirect repair and storage, operating and depreciation.
The whos who offers a variety of options for sharing your story including. Rental rate blue book equipment cost recovery equipmentwatch. 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. Hourly equipment rental rates are based on the following data reported by county road commissions on the county equipment questionnaires. Customers now have access to both nationally benchmarked and usercustomized charge rates. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. The blue books for construction equipment 2008 for. The rates in this guide are intended as guidelines paralleling amounts an equipment owner should charge during rental or contractual periods to recover equipmentrelated costs on a singleshift 8hour basis. Equipment rental rates are available on the internet at. Since the construction equipment industry, is so large, not every make and model has been categorized and assigned a value within equipmentwatch.
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. Rental rate blue book cost recovery equipmentwatch. Best sites about blue book rental rates construction equipment. Over recent years, the blue book has become a standard for determining equipment rental rates across the industry, and it is used by private contractors, large corporations and the government.
Over recent years, the blue book has become a standard for determining equipment rental rates across the industry, and it is used by private contractors, large. Jul 12, 2019 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. Construction equipment rates contract pricing including. The use of privately owned equipment is to be approved on a casebycase basis by. Cdot erosion control and storm water quality guide and pocket book, 6. They represent the average prevailing at the state of new york at the time data was collected.
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. The equipment rental rate guide provides users with industry standard rates the alberta roadbuilders and heavy construction association arhca has released their 2019 equipment rental rates guide, which is available for purchase. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. Equipment rental rates schedule c report 375 effective january 1, 2018 through december 31, 2018 hourly equipment rental rates are based on the following data reported by county road commissions on the county equipment questionnaires. Books are no longer available in hard copy and should be downloaded. Over recent years, the blue book has become a standard for determining equipment rental rates across the industry, and it is used by private.
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