Should contractors be reimbursed for cgl based on labor cost as stated in spec above, or. The use of privately owned equipment is to be approved on a casebycase basis by the. The use of this pamphlet is for rate determination on construction contracts. Together, contracting, cost estimating guide for road construct. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices.
The fhwa rate is an hourly rate based on monthly rental rate blue book data. Rental rate blue book cost recovery equipmentwatch. Rental rates can also be treated as reimbursement costs for contractor owned. Crown publications online catalogue equipment rental rate guide. The rental rate blue book is the only commercial equipment rate. The rental rate blue book is a comprehensive guide to cost recovery for. 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. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. Use a rate for the most similar model found in the applicable blue book. 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.
Rate blue book for construction equipment which is published by the equipment. Search the blue book online and you will find over 800,000 company listings. According to equipment watch, the publisher of the rental rate blue book, 47 state dots and numerous municipalities specify the use of the blue book for pricing significant costs. 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. Rental rate blue book are intended as a guide to determine the amount an equipment. The principle of equipment rental rate guides for contractor owned equipment is. 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. May 15, 2017 construction equipment ownership and operating expense schedule table of contents. Equipment rental rates for contractor owned equipment. Increase your profits by speeding up your estimating time, while making sure your estimates are on target.
Higher hourly cost compensation for heavy equipment used in. In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. Construction equipment financing rates equipment financing rates also vary based upon the size of the lease, your credit score and payment history, and where your business is located. For information on electric service requirements, refer to the peco electric service requirements manual, or the blue book. The hustle and bustle of shoppers, the sounds of metal blades scr. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. This is the standard fhwa recommended reference for. Use the figures in this division when estimating the cost of. Communicate and collaborate with blue book network subcontractors today. Instantly access the rental rate blue book reimbursement rates. A contractor is responsible for his or her construction operations, including the work. Check out our buyers guide built specifically for your needs.
Oct 28, 2011 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, values and specifications. 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. The 2016 national construction estimator lists estimated construction costs to general contractors performing the work with their own crews, as of mid2016. The njcs objectivity, authority and independence foster. Blue book rental rate blue book for construction equipment published by equipment watch, a premedia business directories and book group. These rates are derived from cost formulas and factors. Construction ownership, operating costs rental rate blue book. The intent of the contract is to provide for the construction and completion in. Construction equipment or the rental rate blue book for older.
Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Air compressors rates do not include fuel 810 cfm gas or electric 50. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the provincial. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. Download handbook pdf padmount transformers location guidelines. Equipment rental rates and labor surcharge caltrans. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. Adjustment factor for construction wage rate differentials. 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. 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.
A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. Add tags for rental rate blue book for construction equipment. The bluebook pro estimator has leveled the playing field, enabling contracting companies of all sizes to create accurate and professional looking estimates. Blue book omissions in the event a rate has not been established for a particular piece of equipment in the rental rate blue book, a rate will be established, utilizing one or more of the following methods. 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. Construction tools and equipment are an essential part of an electrical contractors business and can represent a significant investment. This book contains requirements that are based on many years of experience an d were developed to meet system safety and efficiency needs while offering reasonable convenience to customers. 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. 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 rental rate blue book is a comprehensive guide to cost recovery for construction equipment. Same as other equipment, hourly based on blue book rental rates. Determination of construction equipment rental rates in. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment.
A licensed contractor is responsible to ensure that the work they are contracted to perform falls within the scope of their license classification and monetary limit established by the board. The rate shown were derived from the rental rate blue book for construction equipment. The fdot currently uses two methods to establish reimbursement of equipment costs. Best sites about equipment rental rates blue book 2019. The national joint council for the engineering construction industry njc is a partnership between trade unions and employers. Equipment costs monthly equipment rate table cost per. The blue book for costplus, force account, and ownership and operating cost reimbursement. Equipment rental rates contract administration construction. 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. Construction equipment are you a facility or property manager. Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. Cost estimating guide for road construction, march 2017. 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.
Change order or contract change order a written order signed by the engineer, issued with or without the consent of the contractor, directing changes. Determination of construction equipment rental rates in force. May 01, 2020 the division of construction is a results driven engineering organization that prides itself on timely project completion. The developer of the blue book accumulates all contractor costs for owning a. Stafford disaster relief and emergency assistance act, 42 u. I verify the labor rate from certified payrolls and materials from invoice prices. All other provisions of the agreement remain in place. Each rate covers all costs eligible under the robert t. The blue books for construction equipment 2008 for. Construction equipment ownership and operating expense. We recognize that time is money for owner, contractor, and the public.
Contractors equipment companies servicing redmond, wa change location. Industry source of regional, categorized construction information and is available in print and online. A formula for construction equipment cost recovery for. 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. Weekly rental rates are about the monthly rates, and daily rental rates are about the weekly rate.
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