The userdefined ownership adjustment is designed to modify the total equipment ownership cost by a single userdefined. 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. 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. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Best sites about blue book rental rates construction equipment. If it has any similarities to the usace construction equipment ownership and operating expense schedule ep 111018, there is an adjustment for depreciated equipment. The rental rate blue book published by primedia information, inc. The preparation of contract documents for the alteration or construction of an interior area of a structure designed for human habitation or occupancy, including. Manufacturers, distributors, financial services, government agencies and endusers trust and rely upon eqgurus invaluable information to make educated decisions when researching, selling, purchasing and financing heavy construction equipment. Rental rate blue book for construction equipment, 4. Communicate and collaborate with blue book network subcontractors today.
The more equipment you use, the more accurate equipment cost recovery techniques must be for bidding and reporting purposes. Check out our buyers guide built specifically for your needs. Rental rate blue book equipment cost recovery equipmentwatch. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the provincial. In that case, contractors can turn to equipment rate manuals, such as the rental rate blue book, which provide stepbystep instructions on how to determine an appropriate rate. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. In the early 1990s, jody adametz, who had worked in the construction business as a general contractor for a decade, moved from new york to florida and began to explore a new specialty.
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. Equipment rental rates and labor surcharge caltrans. This is the standard fhwa recommended reference for rental rate calculations. Determination of construction equipment rental rates in force.
Jul 17, 2006 the more equipment you use, the more accurate equipment cost recovery techniques must be for bidding and reporting purposes. 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. The enhanced utility and access to equipmentwatchs construction equipment data targets a wide variety of businesses including construction contractors, equipment. 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. 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. Price guide for construction equipment the 2008 edition of the blue book for construction equipment most major makes and models has over 1,000 pages of prices. Search the blue book online and you will find over 800,000 company listings. For more information on any of our products or forklift models, dont hesitate to contact us. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Books are no longer available in hard copy and should be downloaded. Jun 29, 2004 the enhanced utility and access to equipmentwatchs construction equipment data targets a wide variety of businesses including construction contractors, equipment dealers, equipment manufacturers. 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.
Used equipment prices equipment blue book equipmentwatch. Rate modifications, indicated on regional adjustment maps in the blue book and as applied automatically by the blue book. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. Indirect equipment costs equipment indirect costs consist mostly of overhead costs such as normal risk insurance. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. The blue book network intelligence and analytics team focuses on discovering the trends and data relationships that. I compare the equipment rates with local rates andor national blue book. 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 blue books for construction equipment 2008 for. Construction equipment guide covers the nation with its four regional newspapers, offering construction and industry news and information along with new and used construction. The blue book building and construction network company info.
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. Equipmentwatch expands data on rates and charges rental. Login or register now to gain instant access to the rest of this. Construction ownership, operating costs rental rate blue book. Stafford disaster relief and emergency assistance act, 42 u. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. A formula for construction equipment cost recovery for. Construction ownership, operating costs rental rate. If it has any similarities to the usace construction equipment ownership and operating expense schedule. Upload features allow contractors to submit invoices for all other costs. 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 contractor shall submit a fully completed bc 2370, equipment expense rate data sheet.
All content is posted anonymously by employees working at the blue book network contractors register. Equipment tracking is key part of job costing for contractors. Eqguru provides equipment resale valuations as well as its proprietary residual value calculator, which many financial institutions use today to determine lease and lease to own. 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. 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. Taking advantage of available technology and working to meet the changing.
Construction equipment rates contract pricing including. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. Construction equipment rates contract pricing including cas. Commercial large rental yard companies that provide az construction rental equipment such as air compressors, generators, mobile scissor lifts. Introduction to cost recovery rental rate blue book the rental rate blue book is a comprehensive guide to cost recovery for construction equipment. Working at the blue book network contractors register. The rental rate blue book is the only commercial equipment rate. Instantly access the rental rate blue book reimbursement rates. I do get a lot of bid invitations through the blue book, but they are of no use to me for one main reason. Our honolulu, hi team will give you a free estimate for your needs. The use of privately owned equipment is to be approved on a casebycase basis by the. Were the only tool that integrates standard rates from the rental rate blue book to keep equipment costs in line.
Contractors supply rents and sells only the best construction equipment for professionals, general contractors, landscapers, and doityourselfers throughout stamford, connecticut. Our honolulu, hi team will give you a free estimate for your. We recognize that time is money for owner, contractor, and. Rental rate blue book cost recovery equipmentwatch. For items not referenced in the rental rate guide, odot contract rates were. The collaboration in the completion of a project for the alteration or.
Equipment rental rates federal highway administration. Equipment rental rates contract administration construction. Volume 3, for equipment 11 to 20 years old dataquest. 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. The use of blue book rates and other similar manuals to compute the extended operating costs of contractorowned equipment has been. Determination of construction equipment rental rates in. Federal claims court approves contractors use of blue book. There are also other possible adjustments for severity of the conditions, actual purchase prices, etc. Equipment rental rates for contractor owned equipment. 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. Rental rate blue book are intended as a guide to determine the amount an equipment. Equipment rental rates are available on the internet at. Primedia announces complete new suite of electronic products. They do not show me all of the general contractors who are bidding a project.
Equipmentwatch provides local government accurate used equipment. Thousands of contractors and project owners trust our rental rate blue book rates to reimburse equipment. This is the the blue book network contractors register company profile. Sep, 2012 are you referring to 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. All other provisions of the agreement remain in place. Rate blue book for construction equipment blue book for both extra work. Equipmentwatch produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research. The blue book for costplus, force account, and ownership and operating cost reimbursement. Equipment costs in construction contract disputes jstor. Contractors equipment companies servicing redmond, wa change location. Bidscope is the blue book networks powerful project search engine that allows you to connect to the companies and the people behind the projects. Each rate covers all costs eligible under the robert t.
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 division of construction is a results driven engineering organization that prides itself on timely project completion. 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. This is the standard fhwa recommended reference for. Miscellaneous equipment rental rates are updated daily and available on the internet at. 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. Cdot erosion control and storm water quality guide and pocket book, 6. Industry source of regional, categorized construction information and is available in print and online. I verify the labor rate from certified payrolls and materials from invoice prices. Federal claims court approves contractors use of blue.
Access targeted project opportunities with the bidscope project manager. Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. Since 19, the blue book building and construction network has been a trusted source for information. Upload features allow contractors to submit invoices for all other. Chief, construction and maintenance division office of highway operations. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. 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. Best sites about equipment rental rates blue book 2019. 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. The rental rate blue book is a comprehensive guide to cost recovery for. The blue book commercial construction contractor talk. Construction equipment are you a facility or property manager. Primedia announces complete new suite of electronic.
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