Blue book construction equipment hourly rates

Rental rate blue book for construction equipment, 4. The blue book for costplus, force account, and ownership and operating cost reimbursement. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. Payment of equipment rental rates for disruptions and inefficiencies cover the contractors depreciation costs. It remains the states responsibility to determine what are reasonable, fair and eligible equipment rental rates for. The contractor will be paid the rental rates, as modified herein, set forth in the rental. The contractor should not be charging you rental rates out of the blue book. For the hourly and nonmetered equipment, the standard rate may be derived from the rental. Quick reference guide equipment rental rates from blue book. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. If the equipment is determined to be older than its estimated economic life overage or was purchased used, refer to c hapter 3. 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.

Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8 boat, row heavy duty. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. Past editions of the us army corps of engineers ep 111018, construction equipment ownership and operating expense schedule, are available from 1981 to the present. Equipmentwatch provides data for construction equipment, lift trucks and ag equipment equipment costs, valuesprices, year verification, rental rates. Same as other equipment, hourly based on blue book rental rates. Equipment rental rates contract administration construction. If a year is not listed as a selection, then the pamphlet was not published in that year. Rental rate blue book cost recovery equipmentwatch. The arhca equipment rental rates guide provides users with up to date, accurate information on equipment rental rates. Direct repair, indirect repair and storage, operating and depreciation. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. All other provisions of the agreement remain in place. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins.

Force account work is not a preferred option due to the increased level of monitoring required. When operating a heavy equipment rental business, rates are determined based on the profit the owner desires over a two to fouryear period. 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. Overtime charges apply after 8 hours and on saturdays. Some equipment is depreciated on an operating hours basis, for example. A formula for construction equipment cost recovery for. 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. The objectives of the research program were as follows.

These rates were computed by using 2015 actual expenses of county road commissions, plus a. Construction equipment rental rates vary widely according to fac tors such as type and. Equipmentwatch establishes new standard for standby and. This guide is provided for reference purposes only to assist in determining the appropriate ratings listed in section 127. Thus, federalaid participation shall be limited to either the monthly rates set forth in the approved rental guides or to hourly rates obtained by dividing the monthly rate by 176. The hourly rates shown in table 2 1 reflect catalog list prices of equipment manufactured in 1998 3 yearsold. Chief, construction and maintenance division office of highway operations. No low equipment rates based on commissioners rental schedule list any additions to the equipment. Equipment rental rates and labor surcharge caltrans. 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.

York state office of general services heavy equipment rental standby contract or the current rental rate blue book for construction equipment by. This is the associated equipment distributors aed green book. These rates are derived from cost formulas and factors. Higher hourly cost compensation for heavy equipment used in. Rental rate blue book equipment cost recovery equipmentwatch. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. Industry source of regional, categorized construction information and is available in print and online. The fhwa rate is an hourly rate based on monthly rental rate blue book data divided by. Multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars. Search the blue book online and you will find over 800,000 company listings. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars.

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. Construction equipment ownership and operating expense. Crown publications online catalogue equipment rental. Miscellaneous equipment rental rates are updated daily. Determination of construction equipment rental rates in force. Arhca releases updated equipment rental rates guide rma. This is the standard fhwa recommended reference for rental rate calculations. The use of privately owned equipment is to be approved on a casebycase basis by the. Rates listed in the rental rate blue book are intended as a. When equipment is idled or on standby in a delay, the specification provides for payment at 50% of the rental rate blue book. These rates were computed by using 2017 actual expenses of county road commissions, plus a. It is suitable in cases when an agreement cannot be reached regarding the scope of work and the amount of payment.

Rental rates and specifications for construction equipment, published by equipmentwatch, a unit of intertec publishing, 1735 technology drive, suite 410, san jose, ca 95110. Used equipment prices equipment blue book equipmentwatch. 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. For items not referenced in the rental rate guide, odot contract rates were. In these cases the rates for the labor, equipment, and materials to be. 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. Current miscellaneous equipment rates csv current miscellaneous equipment rates txt historic miscellaneous equipment rates csv historic miscellaneous equipment rates txt frequently asked.

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. Force account the force account agreement specifies the labor rates, material costs, and equipment rates to be used. Hourly equipment rental rates are based on the following data reported by county road commissions on the county equipment questionnaires. 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. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. Here in mi i use price has been determined on a force account basis, detailed records are in the file.

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. Heavy equipment rentals include bulldozers, backhoes, large dieselpowered dump trucks, frontend loaders and other large construction and commercial equipment. Instantly access the rental rate blue book reimbursement rates. Only if contractor is paying crew for drivecommute time as a normal course of business. Total costs can be calculated by inputting number of hours worked for each asset so the report is. The rental rate blue book is the only commercial equipment rate. The fdot currently uses two methods to establish reimbursement of equipment costs.

Mail stop 692, fax number 65664677, central office s. Construction equipment rates contract pricing including. Equipment costs monthly equipment rate table cost per. 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.

This reduced rate is intended to cover the contractors ownership costs less major. Stafford disaster relief and emergency assistance act, 42 u. Cdot erosion control and storm water quality guide and pocket book, 6. Rate blue book for construction equipment which is published by the. Miscellaneous equipment rental rate information caltrans. To view a copy in pdf format, please select the required year. These rates are derived from cost formulas and data developed by equipmentwatch and from analytic methods used in the construction industry. Since 1981, it has provided heating, ventilation and air conditioning hvac installation and repair for residential, commercial and new construction projects from broward spring2019 both. Each rate covers all costs eligible under the robert t. Determination of construction equipment rental rates in.