Were the only tool that integrates standard rates from the rental rate blue book to keep equipment costs in line. Construction equipment rates contract pricing including cas. All other provisions of the agreement remain in place. Some equipment is depreciated on an operating hours basis, for example. The indicative hire rates are a guide only and seek to provide information which may assist members in determining hire rates. Our members connect new zealand communities with essential services such as roads, clean water and internet. 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. The bluebook pro estimator has leveled the playing field, enabling contracting companies of all sizes to create accurate and professional looking estimates. The hustle and bustle of shoppers, the sounds of metal blades scr. They represent the average prevailing at the state of new york at the time data was collected. Best sites about blue book rental rates construction equipment.
Construction ownership, operating costs rental rate. Project owners search the commercial construction industrys premier database every day to access over 1 million prequalified vendors in over 560 trades by appearing on page1 search results in your targeted classifications and regions, decisionmakers will have an easier time reading your company story and qualifying you for. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. 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. Industry source of regional, categorized construction information and is available in print and online. Payment of equipment rental rates for disruptions and inefficiencies cover the contractor s depreciation costs. Associated equipment distributors aed is an international trade association representing companies involved in the distribution, rental and support of equipment used in construction, mining, forestry, power generation, agriculture and industrial applications. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. When equipment is idled or on standby in a delay, the specification provides for payment at 50% of the rental rate blue book. 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. 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. The developer of the blue book accumulates all contractor costs for owning a piece of equipment for an entire year. Civil contractors new zealand national association for. The ministry of transportation determines the annual rates for the guide based on recommendations from the associations blue book committee, and from.
There is no obligation upon members to charge the indicative rates shown in the blue book. Sep, 2012 some equipment is depreciated on an operating hours basis, for example. Customers now have access to both nationally benchmarked and usercustomized charge rates for nearly. We recognize that time is money for owner, contractor, and the public. Cdot erosion control and storm water quality guide and pocket book, 6. Rental rates are based on an 8hour day, 40hour week, 160hour 4week month. The hourly equipment rental rate schedules are for equipment either owned by a local government,or private company. Force account the force account agreement specifies the labor rates, material costs, and equipment rates to be used. 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 standard reference for rental rates on all classes of heavy construction equipment. Rental charges will continue until the unit has been returned and checked in at burris equipment or notice has been given that the equipment is ready to be picked up. Oclcs webjunction has pulled together information and resources to assist library staff as they consider how to handle. A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. Construction equipment are you a facility or property manager.
These rates are derived from cost formulas and factors. This reduced rate is intended to cover the contractors ownership costs less major overhaul and other related maintenance costs that have, in essence, been deferred since the equipment is not operated. 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. The use of blue book rates and other similar manuals to compute the extended operating costs of contractorowned equipment has been approved by a wide array of courts and boards. Equipment rental rates and labor surcharge caltrans. Associated equipment distributors the association of. Quick reference guide equipment rental rates from blue book. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. Upload features allow contractors to submit invoices for all other costs. Force account work is not a preferred option due to the increased level of monitoring required. Stafford disaster relief and emergency assistance act, 42 u. Cost control for labor and materials is a relatively simple matter of book keeping. The division of construction is a results driven engineering organization that prides itself on timely project completion.
Overtime charges will be prorated at 18 of the daily rate for each hour over eight hours in a day. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. 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. Contractors equipment companies servicing redmond, wa change location. Rental rate blue book for construction equipment, 4. The collaboration in the completion of a project for the alteration or. It is suitable in cases when an agreement cannot be reached regarding the scope of work and the amount of payment. 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. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. 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. 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.
Determination of construction equipment rental rates in force. Construction ownership, operating costs rental rate blue book. In addition to the blue book and the corps of engineers rates, the associated equipment distributors aed publishes a rental rate guide and the associated general contractor of america agc publishes an equipment ownership guide which has rates for owned equipment. Numerous and frequentlyupdated resource results are available from this search. Federal claims court approves contractors use of blue book. Civil contractors new zealand is the national association for civil contractors, providing a voice for more than 600 member organisations. Miscellaneous equipment rental rate information caltrans. The blue books for construction equipment 2008 for. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Best sites about equipment rental rates blue book 2019. Check out our buyers guide built specifically for your needs. The contractor should not be charging you rental rates out of the blue book.
The preparation of contract documents for the alteration or construction of an interior area of a structure designed for human habitation or occupancy, including specifications for partitions, materials, finishes, furniture, fixtures and equipment. 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. Federal claims court approves contractors use of blue book rates to calculate of standby equipment costs in constructive change claims against the navy construction co, inc. 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. Instantly access the rental rate blue book reimbursement rates. Equipmentwatch expands rental rate blue book, internal. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. The use of blue book rates and other similar manuals to compute the extended operating costs of contractor owned equipment has been approved by a wide array of courts and boards. Reliable information about the coronavirus covid19 is available from the world health organization current situation, international travel.
These costs are then prorated over the months that the equipment is normally expected to work. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. The use of privately owned equipment is to be approved on a casebycase basis by the. Subcontracted work one 5% administration and profit on exclusive subcontracted work. Markup applies only to the prime contractor and addresses all subcontracted work, regardless of the number of tiers of subcontractors performing the work. 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.
Construction equipment rates contract pricing including. This is the standard fhwa recommended reference for. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. The rental rate blue book is the only commercial equipment rate. Add tags for rental rate blue book for construction equipment. Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. We work to support a healthy civil construction industry, founded on expert knowledge. Equipment rental rates for contractor owned equipment. Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8 boat, row heavy duty. This is the standard fhwa recommended reference for rental rate calculations. 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 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. 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.
The blue book for costplus, force account, and ownership and operating cost reimbursement. The indicative hire rates contained in the blue book are recommended prices only. Equipment 15% overhead unspecified and profit not included in the equipment rates. A formula for construction equipment cost recovery for. This reduced rate is intended to cover the contractor s ownership costs less major. For the latest information regarding the novel coronavirus covid19 please visit the california coronavirus covid19 response page. Communicate and collaborate with blue book network subcontractors today. Indirect equipment costs equipment indirect costs consist mostly of overhead costs such as normal risk insurance. , for ownership and operation of equipment, including depreciation, overhead, all. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. Here in mi i use price has been determined on a force account basis, detailed records are in the file. In addition to the large initial investment and the provision for eventual replacement, expenditures must be made for maintenance and repair, storage and handling, insurance, taxes and interest. Used equipment prices equipment blue book equipmentwatch. Search the blue book online and you will find over 800,000 company listings.
Minnesota department of transportation exclude pdfs minnesota department of public safety driver and vehicle services. 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. Nov, 20 the colorado department of transportation allows a regional factor of 1. 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. This guide is provided for reference purposes only to assist in determining the appropriate ratings listed in section 127. Occasionally specifications will arbitrarily discount the blue book rates to unacceptable levels. However, rates prevailing in other states can be found by applying the corresponding area modification factor.
Rental rate blue book cost recovery equipmentwatch. Construction tools and equipment are an essential part of an electrical contractor s business and can represent a significant investment. The use of privately owned equipment is to be approved on a. In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. The purpose of the blue book plant hire rates is to assist contractors, consultants, specification authors, and others who use the services of the new zealand contracting industry to arrive at appropriate rates for the hire of plant. 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.
480 1093 830 1563 1363 729 274 580 1270 757 1177 1082 525 32 1342 1234 1046 995 1457 599 1363 1469 486 1458 910 628 443 1575 208 100 527 660 232 1290 70 750 1329 1066 1209 1064 300