Jul 17, 2006 a formula for equipment cost recovery the more equipment you use, the more accurate equipment cost recovery techniques must be for bidding and reporting purposes. Over 30 years ago, john caskey was a chemical engineer working as an oil rig foreman in louisiana. Best 19 contractors equipment rental in parkersburg, wv with. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the. Rates listed in the rental rate blue book are intended as a.
Rental rate blue book cost recovery equipmentwatch. 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. Users guide for labor surcharge and equipment rental rates. Equipment rental rates federal highway administration. Nysdot equipment rental rate schedule new york state. Get prequalification information, projects and their ratings. 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. Sometimes you will receive lower rental pricing from a crane company versus a national rental chain. Current miscellaneous equipment rates csv current miscellaneous equipment rates txt historic miscellaneous equipment rates csv historic miscellaneous equipment rates txt frequently asked questions. Equipment rental rates are available on the internet at. Connect with the best cranes in new york city, long island and hudson valley listed in the blue book network. Standby time should not exceed 8 hours per day, 40 hours per week, or the annual usage hours as established by the rate guide.
Understand your costs clearly understand how hourly rates are allocated across an assets ownership and operating. Weekly rental rates are about the monthly rates, and daily rental rates are about the weekly rate. 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. Thousands of contractors and project owners trust our rental rate blue book rates to reimburse equipment. Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. Miscellaneous equipment rental rate information caltrans. Bragg companies providing the best in crane rental, heavy rigging and heavy haul solutions in the heavy industrial industry since 1946. Price list millwright labor rates pick up truck with driver 9k to 11k lb. Mar 24, 2015 read on to gauge whether construction equipment rental is best for you and your firm. Equipment costs monthly equipment rate table cost per. Standard carrier rates are applied according to users wireless. The blue book for costplus, force account, and ownership and operating cost reimbursement. The use of privately owned equipment is to be approved on a casebycase basis by.
For items not referenced in the rental rate guide, odot contract rates were. Each rate covers all costs eligible under the robert t. Many factors were considered in updating these rates. This is the standard fhwa recommended reference for rental rate calculations. Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8229 compactor, towed, drum static 20000 lb add to prime mover rate for total rate. Sep, 2012 if he is using owned equipment, he should be charging you some rate related to the companys accounting records and practices for depreciation and operating costs. Hourly equipment rental rates are based on the following data reported by county road commissions on the county equipment questionnaires. Additionally, fhwa states that the rates must also be adjusted. The developer of the blue book accumulates all contractor costs for owning a piece of equipment for an entire year. United rentals offers a full line of crane rentals, including crane trucks, carry deck cranes and walk behind cranes. Crane rental from all crane the leading company to rent cranes from demag, grove, and leibherr in ohio, michigan, florida, georgia, and nationwide. Click here to download 9 ways to connect, communicate and collaborate with blue book network subcontractors today.
Therefore, the fhwa will accept use of 50 percent of the ownership rental rates of an approved guide as the standby rate in lieu of a contractors actual standby costs. Owned and operated by mike konle since 1983, champion crane has firmly established itself as an industry leader. Cost control for labor and materials is a relatively simple matter of book keeping. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. 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. Construction equipment rates contract pricing including cas. Determination of construction equipment rental rates in force. The standard reference for rental rates on all classes of heavy. Miscellaneous equipment rental rates are updated daily. Find contractors equipment and supplies rental in 45242, oh on yellowbook.
The blue book network intelligence and analytics team focuses on discovering the trends and data relationships that drive labor and materials throughout t. At some point of utilization, it does not pay to own the equipment. After an unexpected oil embargo hit in the mid1980s, he and. 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. Construction ownership, operating costs rental rate. The use of privately owned equipment is to be approved on a casebycase basis by the. Keeping your rate to 50% to 60% of the rental company rental rate should put you in the ballpark for preparing budgets, etc.
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. Industry source of regional, categorized construction information and is available in print and online. Hookers crane services rates call our dispatcher for rate 15ton 23ton 28ton 30ton 33ton 36ton all rates are plus travel time call our dispatcher for standard rate for ac units ac rates will vary depending on the weight of the ac units and the reachradius required to complete the job. All other provisions of the agreement remain in place. Equipment rental rates and labor surcharge caltrans. Direct repair, indirect repair and storage, operating and depreciation.
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 rates can also be treated as reimbursement costs for contractorowned. Introduction to cost recovery rental rate blue book the rental rate blue book is a comprehensive guide to cost recovery for construction equipment. For smaller equipment and tools, changes in list price were the most significant, while for larger equipment types, comparisons to third party rental rates, and first. Equipment rental rates contract administration construction. These costs are then prorated over the months that the equipment is normally expected to work. Mobile truck cranes have a lift mounted on a standard production chassis for highway access and typically offer dual operator control stations. Equipmentwatch expands data on rates and charges rental. Construction ownership, operating costs rental rate blue book. As a projectbased industry, construction equipment is toooften left to collect dust until its needed for a new project.
Rental rates vary throughout the country, with larger cities generally having lower rates. Construction equipment guide covers the nation with its four regional newspapers, offering construction and industry news and information along with new and used construction equipment for sale. Search the blue book online and you will find over 800,000 company listings. Chief, construction and maintenance division office of highway operations. Sunbelt rentals equipment is maintained to ensure its ready for your job.
There is one clear driver for the growth of construction heavy equipment rental. Rental costs equipment rental rates are obtained from the following industry sources throughout north america. The contractor will be paid the rental rates, as modified herein, set forth in the rental. All materials at cost plus 15% a duffy company description project manager superintendent general foreman foreman journeyman forklifts manlifts description revison 5514. Thousands of contractors and project owners trust our rental rate blue book rates to reimburse equipment ownership and operating costs incurred during extra work. Rental rate blue book equipment cost recovery equipmentwatch. Equipment rental rate calculator frequently asked questions. The contractor should not be charging you rental rates out of the blue book. Rate blue book for construction equipment which is published by the. Price list denvers premier crane rental and hauling. Fhwa 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. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment.
The results gives a contractor s cost of owning the equipment for a month established. For the hourly and nonmetered equipment, the standard rate may be derived from the rental. To contractors and subcontractors whose work requires the use of expensive. They represent the average prevailing at the state of new york at the time data was collected. Some equipment is depreciated on an operating hours basis, for example. Stafford disaster relief and emergency assistance act, 42 u. Understand your costs clearly understand how hourly rates are allocated across an assets ownership and operating costs to better manage your equipment lifecycle.