The hourly equipment rental rate schedules are for equipment either owned by a local government,or private company. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. The global construction equipment market projected to grow at a cagr of 4. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment.
Flat rate guide western equipment dealers association. 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. Where possible, these rates are based on averages of the cost owning and operating equipment as presented in the construction equipment cost reference guide published by primedia, inc. The flat rate guide for combines and agricultural tractors over 40hp is a practical tool that helps dealers in their service departments. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. The standard reference for rental rates on all classes of construction and equipment, volume 1. We concur in this practice and encourage all states to preclude use of a premium rate for contractor furnished equipmentrentals. Unloading and storing construction materials, tools. 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. They represent the average prevailing at the state of new york at the time data was collected. The blue book for costplus, force account, and ownership and operating cost reimbursement. May 15, 2017 construction equipment ownership and operating expense schedule table of contents.
Compilation of rental rates for construction equipment. Equipment code equipment description rate per hour tank car fuel included 21. 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. To access the download, follow the instructions printed there. Stafford disaster relief and emergency assistance act, 42 u. Equipment rental rates and labor surcharge caltrans. The calculated rate represents the cost of owning and operating the equipment, which is likely to be lower than the rate charged by a rental yard. The program is based on seniority and is designed to deliver work to registered users fairly and efficiently through the development of local area callout lists register for the hired equipment program. The tools, techniques and ideas presented will improve fleet management and increase return on investment. Best sites about equipment rental rates blue book 2019. 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. Multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Breakdown the contractor shall provide reasonable maintenance.
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. To view a copy in pdf format, please select the required year. We concur in this practice and encourage all states to preclude use of a premium rate for contractor furnished equipment rentals. The guide lists realistic repair times for the service shop and is essential for weda members as it gives service times based on realworld situations.
Flat rate guide the flat rate guide for combines and agricultural tractors over 40hp is a practical tool that helps dealers in their service departments. Arhca releases updated equipment rental rates guide rma. Equipment leasing is a practical reference for financial managers who need background information, and an understanding of how leasing can be utilized as a costeffective means of equipment financingespecially under the new tax law in the united states. Bituminous supply tank portable with heater and pump 25. Read or watch the latest construction equipment field tests, buyers guide or view the top 100 construction equipment products now. The arhca equipment rental rates guide provides users with up to date, accurate information on equipment rental rates. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. 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. Rental rate blue book cost recovery equipmentwatch. All other provisions of the agreement remain in place. Determination of construction equipment rental rates in. Edited by richard pray sample craftsman book company. 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. Equipment code equipment description rate per hour.
The contractor shall submit a fully completed bc 2370, equipment expense rate data sheet. The use of privately owned equipment is to be approved on a casebycase basis by the. It is designed for people who want to develop new ways, and gives the confidence needed to learn innovate and change. 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. Aug 06, 2018 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.
Best sites about blue book rental rates construction equipment. These rates are derived from cost formulas and data developed by equipmentwatch and from analytic methods used in the construction industry. Construction equipment economics is written for everyone involved with the management of heavy mobile equipment. This information can be forwarded to equipment watch for a rate determ ination. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. Quick reference guide equipment rental rates from blue book. The rental rate blue book is the only commercial equipment rate. Cdot erosion control and storm water quality guide and pocket book, 6. If you appraise, evaluate, repair, identify, transport or own heavy equipment, this guide is your source to thousands of prices, serial numbers, specifications and transport dimensions of over 200 manufacturers.
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. The hired equipment program distributes available work to local equipment owners. The acrobat viewer, needed to view this document, can be downloaded directly from adobes software site. For equipment that is older than 20 years the oldest adjustment rate available in the book shall be used. At what compound annual growth rate cagr will the global construction equipment market grow. Associated equipment distributors, 1956 construction equipment industry. Equipmentwatch adds pickup trucks to rental rate blue book. Tune and material contracts and change orders providing reimbursement for contractor. A formula for construction equipment cost recovery for. Contact primedia information, inc, through the wsdot osc construction office for the rate not included in the book. 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.
This is the standard fhwa recommended reference for. If it has any similarities to the usace construction equipment ownership and operating expense schedule ep 111018, there is an adjustment for depreciated equipment. Rental rate blue book for construction equipment, 4. 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. Jul 17, 2006 multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars.
It explores various types of leases, including single investor leases, leveraged leases. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. The 2016 national construction estimator lists esti. Construction equipment market size, share, trend growth 2026. Price new from used from paperback, january 1, 2016. Used equipment prices equipment blue book equipmentwatch.
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. 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. The rental yard rate may include additional overhead and profit as well as a premium for shortterm rentals. 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. Rental rate blue book equipment cost recovery equipmentwatch.
If a year is not listed as a selection, then the pamphlet was not published in that year. 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. Blue book bc road builders and heavy construction association. Determination of construction equipment rental rates in force. However, rates prevailing in other states can be found by applying the corresponding area modification factor. 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. By 2026, the construction equipment market is predicted to be valued at usd 186. These rates are derived from cost formulas and factors.
Instantly access the rental rate blue book reimbursement rates. Add tags for rental rate blue book for construction equipment. Construction equipment economics is written for everyone involved with the management of heavy mobile equipment the tools, techniques and ideas presented will improve fleet management and increase return on investment. Arhca releases updated equipment rental rates guide rma rma. Calculate the hourly rate of equipment based on the following data. Each rate covers all costs eligible under the robert t.