Ownership, operating costs equipment data, apis prices. Nada blue book values for used cars, certified preowned cars and more, brought to you by the national automobile dealers association. Cost of equipment for equipment not listed in blue book purchase price. Equipment costs monthly equipment rate table cost per. The blue book equipment rental rate guide is published annually by the. Bluebooks cost data is based on many factors that include nationally researched labor rates, material and equipment costs, actual loss repairs, related contractor bids, and insurance claim audits.
This reduced rate is intended to cover the contractors ownership costs less major. Calculating the cost of ownership of construction equipment. Equipment rental rates and labor surcharge caltrans. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. The most common application is in force account work and for federally funded projects. The developer of the blue book accumulates all contractor costs for owning a piece of equipment on an hourly basis. The developer of the blue book accumulates all contractor costs for owning a. Rental rate blue book cost recovery equipmentwatch.
The blue book for costplus, force account, and ownership and operating cost. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. 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. The bluebook pro estimator enables contracting companies of all sizes to create accurate and professional looking estimates. Boat trailer used values and new prices trailers manufacturer pricing, msrp, and book values commonly referred to as pull behinds, motorcycle trailers are lightweight and compact trailers that are designed to be towed by hitchequipped motorcycles and smaller economy cars. 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. This is the standard fhwa recommended reference for.
The blue book for cost plus, force account, and ownership and operating cost reimbursement. The hustle and bustle of shoppers, the sounds of metal blades scr. Operator costs are not included in the rental rates listed in this schedule. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. We have expanded our product and service offerings to include digital workflow solutions for all your projects from design to postconstruction. Rates listed in the rental rate blue book are intended as a. Equipment manager ownership, operating costs rental. The fhwa federal highway administration has approved the use of rental rate blue book on federally funded projects. These costs are then prorated over the months that the equipment is normally expected to work.
In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. Industry source of regional, categorized construction information and is available in print and online. The contractor continues to incur certain ownership costs when equipment is. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. This creates the total cost of ownership, the single most important factor to consider when determining the economic impact. Multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars. Use the documented information to determine the costs associated with the work.
The results gives a contractors cost of owning the equipment for a month established in the blue book as 176 hours. Therefore, they are considered to be the maximum eligible rates for federalaid participation purposes. Each rate covers all costs eligible under the robert t. 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 blue book features over 1,000,000 company listings in bluebook and csi industry catagories including construction estimating services. Equipment rental rates contract administration construction. Kelley blue book new and used car price values, expert. Estimated or actual annual usage of equipment in hours per year. Equipment expense rate data illinois department of.
Since 1964, bluebook has been publishing residential repair and replacement costs across the united states. Equipmentwatch provides data for construction equipment, lift trucks and ag equipment equipment costs, valuesprices, year verification, rental rates. Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8 boat, row heavy duty. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. Our mission is to support effective cost management in the army, to promote visibility and transparency into army costs and operations, and to promote an organizational culture that maximizes cost. We bring the industry together to forge connections and build relationships. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars.
That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. Check car prices and values when buying and selling new or used vehicles. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Add markups to the labor, material, and equipment costs. The blue book building and construction network is the industrys leading source of regional, categorized construction estimating services information. Instantly access the rental rate blue book reimbursement rates. Construction estimating services the blue book network. Fhwa federal highway administration has limited their participation in matching funds with state highway agencies using rental rate blue book to the monthly. A formula for construction equipment cost recovery for. 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. A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. The use of privately owned equipment is to be approved on a casebycase basis by the.
Avoid costly negotiation by specifying the industry standard equipment charge. Fully customize rates using usersupplied cost factors to create accurate internal charge rates. I was shocked, but extremely excited about using this. The rates on this schedule of equipment rates are for applicant. The costs api powers equipmentwatch cost recovery and. The cost to move construction equipment from an equipment yard or rental company to the job site and back again is not included in equipment rental costs listed in the reference section, nor in the bare equipment cost of any unit price line item, nor in any equipment costs shown in the crew listings. Best sites about equipment rental rates blue book 2019. Air compressors rates do not include fuel 810 cfm gas or electric 50. Stafford disaster relief and emergency assistance act, 42 u. Thousands of contractors and project owners trust our rental rate blue book rates to reimburse equipment ownership and operating costs incurred during extra work. Search the blue book online and you will find over 800,000 company listings.
The rental rate blue book is the only commercial equipment rate schedule tested and approved by the federal highway administration fhwa as an acceptable guideline for reimbursement of contractor equipment costs in force account or extra work. The developer of the blue book accumulates all contractor costs for owning a piece of equipment for an entire year. Historical equipment rates 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. When equipment is idled or on standby in a delay, the specification provides for payment at 50% of the rental rate blue book. If a year is not listed as a selection, then the pamphlet was not published in that year. A piece of heavy construction equipment costs more than just the purchase price.
The bluebook pro estimator has leveled the playing field, enabling contracting companies of all sizes to create accurate and professional looking estimates. Payment of equipment rental rates for disruptions and inefficiencies cover the contractors depreciation costs. Determination of construction equipment rental rates in force. 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 blue book adjusted rates cover all eligible equipment related costs. Rental rate blue book equipment cost recovery equipmentwatch. Here in mi i use price has been determined on a force account basis, detailed records are in the file. Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. Bluebook has served over 3,000,000 lives and has a 95% member satisfaction rating. Trailers new prices, trailers used values and book values. These rates are derived from cost formulas and factors. Used equipment prices equipment blue book equipmentwatch.
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