The use of privately owned equipment is to be approved on a casebycase basis by the. Mar 31, 2017 the rates in this guide are intended as guidelines paralleling amounts an equipment owner should charge during rental or contractual periods to recover equipment related costs on a singleshift 8hour basis. 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. Force account the force account agreement specifies the labor rates, material costs, and equipment rates to be used.
Industry source of regional, categorized construction information and is available in print and online. Best sites about equipment rental rates blue book 2019. The weekly blue book rate is approximately 28 % of the monthly rate, based on the loss of roughly 32 hours during a month when machinery is used on a weekly basis. Rental rate blue book cost recovery equipmentwatch.
There is no such thing as a blue book or book value in heavy equipment. Rates listed in the rental rate blue book are intended as a. Search the blue book online and you will find over 800,000 company listings. Heavy equipment rentals include bulldozers, backhoes, large dieselpowered dump trucks, frontend loaders and other large construction and commercial equipment.
The blue books for construction equipment 2008 for. For questions or more information, feel free to contact sam morrison at 61427535, email. 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. In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. Rental rate blue book trademark of informa business. The fdot currently uses two methods to establish reimbursement of equipment costs. Payment of equipment rental rates for disruptions and inefficiencies cover the contractors depreciation costs. Each rate covers all costs eligible under the robert t. To evaluate the cost components involved in the cal culation of construction equipment rental rates. It is suitable in cases when an agreement cannot be reached regarding the scope of work and the amount of payment.
By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. Equipmentwatch expands data on rates and charges rental. Construction ownership, operating costs rental rate. Used equipment prices equipment blue book equipmentwatch. Equipmentwatch launches aed green book online edition. 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. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. Force account work is not a preferred option due to the increased level of monitoring required. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. The standard reference for rental rates on all classes of construction and equipment, volume 1. Equipment rental rate guide crown publications online catalogue. The blue book building and construction network company info.
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. The blue book for costplus, force account, and ownership and operating cost reimbursement. Equipmentwatch, a provider of ownership and operating cost data, announces the introduction of lightduty truck models to its rental rate blue book and. I am surprised kbb or black book doesnt have a guide. Taking advantage of available technology and working to meet the changing needs of the commercial construction industry, the blue book network is fast becoming the leading provider of information, communication and marketing. Since 19, the blue book building and construction network has been a trusted source for information.
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. 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. This reduced rate is intended to cover the contractors ownership costs less major. 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. Equipment values equipment category attachments auctionsservices buildingsbarnsreal estate chemical applicators construction equipment grain handling and storage harvesting hayforage lawn and garden livestockmanurefeeders miscellaneous planting equipment precision ag equipmentsoftware recreationalutility rotary cutters and shredders. Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. This is the standard fhwa recommended reference for rental rate calculations. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. 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. Market book is the goto source for new and used construction equipment since 1978. Cdot erosion control and storm water quality guide and pocket book, 6.
Stafford disaster relief and emergency assistance act, 42 u. The hustle and bustle of shoppers, the sounds of metal blades scr. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Direct repair, indirect repair and storage, operating and depreciation. Primedia announces complete new suite of electronic products. Rental rate blue book for construction equipment, 4. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. 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. The objectives of the research program were as follows. Thousands of contractors and project owners trust our rental rate blue book rates to reimburse equipment ownership and operating costs incurred during extra work. 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. The new paidcontent web site provides powerful, integrated access to equipmentwatchs wide variety of construction equipment valuation, ownership.
These rates are derived from cost formulas and data developed by equipmentwatch and from analytic methods used in the construction industry. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. Primedia announces complete new suite of electronic. These rates were computed by using 2017 actual expenses of county road commissions, plus a. Jun 29, 2004 the new paidcontent web site provides powerful, integrated access to equipmentwatchs wide variety of construction equipment valuation, ownership and operating cost, and specification data, and. Rental rate blue book trademark of informa business media. Instantly access the rental rate blue book reimbursement rates. When equipment is idled or on standby in a delay, the specification provides for payment at 50% of the rental rate blue book. The bluebook pro estimator has leveled the playing field, enabling contracting companies of all sizes to create accurate and professional looking estimates.
Add tags for rental rate blue book for construction equipment. Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8 boat, row heavy duty. Best sites about blue book rental rates construction equipment. Construction equipment rental rates vary widely according to fac tors such as type and. Equipment rental rates contract administration construction. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. Rental rate blue book equipment cost recovery equipmentwatch. Equipmentwatch adds pickup trucks to rental rate blue book. Blue book rental rate blue book for construction equipment published by equipment watch, a premedia business directories and book group. All other provisions of the agreement remain in place. Change order or contract change order a written order signed by the engineer, issued with or without the consent of the contractor, directing changes. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the.
These rates are derived from cost formulas and factors. Blue book bc road builders and heavy construction association. 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. 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. Blue book equipment rental rate guide, which shows the true costs of operating construction equipment in b. Here in mi i use price has been determined on a force account basis, detailed records are in the file. Oct 28, 2011 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. Crown publications online catalogue equipment rental. 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. 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 rental rate blue book is the only commercial equipment rate.
Determination of construction equipment rental rates in. Equipmentwatch, a leading provider of data, software and insights for the heavy equipment industry, has expanded its rental rate blue book and internal. Read, highlight, and take notes, across web, tablet, and phone. 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. 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. Quick reference guide equipment rental rates from blue book. Equipment values equipment category attachments auctionsservices buildingsbarnsreal estate chemical applicators construction equipment grain handling and storage harvesting hayforage lawn and garden livestockmanurefeeders miscellaneous planting equipment precision ag equipment software recreationalutility rotary cutters and shredders. Determination of construction equipment rental rates in force. This is the standard fhwa recommended reference for. The use of privately owned equipment is to be approved on a. Chief, construction and maintenance division office of highway operations. Rental rates can also be treated as reimbursement costs for contractorowned.
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