A formula for construction equipment cost recovery for. Any appeals shall be in accordance with 44 cfr 206. Since the construction equipment industry, is so large, not every make and model has been categorized and assigned a value within equipmentwatch. Heavy equipment rentals include bulldozers, backhoes, large dieselpowered dump trucks, frontend loaders and other large construction and commercial equipment.
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. Rental rate blue book for construction equipment, 4. Rental rate blue book now posted on the portal page cost savings. Stafford disaster relief and emergency assistance act, 42 u. Force account the force account agreement specifies the labor rates, material costs, and equipment rates to be used. Iron solutions delivers powerful appraisal and value forecasting tools, available in the cloud anytime, anywhere, for equipment dealers, lenders and other professionals. We are a construction equipment and parts marketplace of dealers, oems, contractors, and parts sellers improving the job sites of hardworking men and women across america. 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. Ia blue book marketing research services list and find.
For over 80 years, through data analysis and intuitive software, iron solutions has provided the insights needed to make more profitable decisions. Search the blue book online and you will find over 800,000 company listings. Since 1979, alexander equipment has been supplying aerial lifts, reach forklifts, construction equipment and industrial forklifts to businesses and the public. Click here to download 9 ways to connect, communicate and collaborate with blue book network subcontractors today.
Here in mi i use price has been determined on a force account basis, detailed records are in the file. Equipment rental rates and labor surcharge caltrans. Rental rate blue book equipment cost recovery equipmentwatch. Determination of construction equipment rental rates in force. A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. Equipmentwatch expands rental rate blue book, internal. Each rate covers all costs eligible under the robert t. 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. Find 16 listings related to blue book construction in chicago on. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments.
The hustle and bustle of shoppers, the sounds of metal blades scr. 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. Payment of equipment rental rates for disruptions and inefficiencies cover the contractors depreciation costs. When operating a heavy equipment rental business, rates are determined based on the profit the owner desires over a two to fouryear period. The fdot currently uses two methods to establish reimbursement of equipment costs. The objectives of the research program were as follows. Construction support claims engineer office of construction mail stop 650 395 john ireland blvd st paul, mn 551551800 65664219 o attachments.
That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. Best sites about blue book rental rates construction equipment. This online tool is valuable for determining and verifying hourly operating and ownership cost rates for contractor owned equipment. Information regarding the use of the schedule is contained in 44 cfr 206. All other provisions of the agreement remain in place. 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. Produced by the insights association, ia blue book is a convenient, highlytargeted and trusted source for professionals who seek partners, products and services to conduct consumer, opinion and marketing research. Value lookup for heavy equipment similar to kelley blue book. May 01, 2020 the division of construction is a results driven engineering organization that prides itself on timely project completion. Construction equipment rental in chicago, il bigrentz. Rates for equipment not listed will be furnished by fema upon request.
Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. To evaluate the cost components involved in the cal culation of construction equipment rental rates. The rates on this schedule of equipment rates are for applicant. The guide contains information on architects, contractors, manufacturers, suppliers, vendors, and other companies relevant to the commercial bidding and build process. Multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars. The use of privately owned equipment is to be approved on a casebycase basis by the. Force account work is not a preferred option due to the increased level of monitoring required. Jun 28, 2007 machinery trader also has a section with high and low averages for auction and retail.
Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. 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. Construction equipment rates contract pricing including. Associated equipment distributors the association of. These rates are derived from cost formulas and data developed by equipmentwatch and from analytic methods used in the construction industry. The blue books for construction equipment 2008 for. Compilation of rental rates for construction equipment. Pneumatic tired portable power takeoff rated engine horsepower rental rates roller max scraper 18 standard hauling unit street chicago struck cap tons month week tons wballast tons torque converter drive. Ia blue book marketing research services and focus group facility directory where qualified buyers find research partners. Best sites about equipment rental rates blue book 2019. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Rental rates are based on an 8hour day, 40hour week, 160hour 4week month.
Rental rate blue book trademark of informa business. This is the standard fhwa recommended reference for. We recognize that time is money for owner, contractor, and the public. Sep, 2012 some equipment is depreciated on an operating hours basis, for example. 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 rental rate blue book is a comprehensive guide to cost recovery for construction equipment. This reduced rate is intended to cover the contractors ownership costs less major overhaul and. 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. Add tags for rental rate blue book for construction equipment. 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. Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8 boat, row heavy duty. Construction equipment rates contract pricing including cas. 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.
Labor costs of operator are not included in the rates and should be approved separately from equipment costs. Used equipment prices equipment blue book equipmentwatch. Construction tools and equipment are an essential part of an electrical contractors business and can represent a significant investment. The blue book for costplus, force account, and ownership and operating cost reimbursement. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. The hourly blue book rate is approximately 15 % of the daily rate, based on the loss of roughly 80 hours during a.
This is the standard fhwa recommended reference for rental rate calculations. Federal claims court approves contractors use of blue book. Buyers can make offers on heavy equipment, purchase parts. 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. In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. Crown publications online catalogue equipment rental rate guide. 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.
Please take the necessary steps to assure that predetermined equipment usagerental rates used by the shas within your region comply with federal cost principles. The shas which use the blue book and other rate methods should modify the equipment rates before they are applied to federalaid projects. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. 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. Industry source of regional, categorized construction information and is available in print and online. 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. 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. Miscellaneous equipment rental rate information caltrans. Our low prices and quality machinery, have made us a leader in selling and renting equipment for the commercial, industrial. The hourly blue book rate is approximately 15 % of the daily rate, based on the loss of roughly 80 hours during a month when machinery is used on an hourly basis. 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.
The middle section of the equipment report, under the blue book rates heading, shows associated contractor costs for owning a piece of equipment. Cdot erosion control and storm water quality guide and pocket book, 6. Primedia announces complete new suite of electronic products. 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.
For the latest information regarding the novel coronavirus covid19 please visit the california coronavirus covid19 response page. We always have hundreds of pieces of equipment to choose from. The rental rate blue book is the only commercial equipment rate. 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. Quick reference guide equipment rental rates from blue book. We have local rental rates on forklifts, boom lifts, scissor lifts, manlifts, and more. 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. The use of privately owned equipment is to be approved on a. Additional copies of the adjustment rate tables may be obtained from dataquest. Instantly access the rental rate blue book reimbursement rates.
The blue book of building and construction, was a yellow pageslike buyers guide of company information targeted towards commercial construction, first published in 19. Rental rate blue book cost recovery equipmentwatch. The adjustment rate tables will be updated periodically when the applicable section of the bluebook is updated. Construction equipment rental in chicago, illinois. The contractor should not be charging you rental rates out of the blue book. Some equipment is depreciated on an operating hours basis, for example.
It is suitable in cases when an agreement cannot be reached regarding the scope of work and the amount of payment. Primedia announces complete new suite of electronic. The blue book network has over 250 feet on the street uncovering new opportunities to bring you private and public projects first and to help you share your company story. Customers now have access to both nationally benchmarked and usercustomized charge rates for nearly all types of. Up to date information everyone in dot has access a fully updated hard copy will be maintained in the construction unit. Overtime charges will be prorated at 18 of the daily rate for each hour over eight hours in a day. The bluebook as well as several other industry rate guides have developed premium rates for periods of equipment use less than the standard 176 hours per. 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. 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.
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