Rental blue book rate

Instantly access the rental rate blue book reimbursement rates. Each rate covers all costs eligible under the robert t. These rates are derived from cost formulas and factors. Rates listed in the rental rate blue book are intended as a. Equipment rental rates contract administration construction. Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8 boat, row heavy duty. The blue book for costplus, force account, and ownership and operating cost reimbursement.

These include the use of standby equipment rental rates, the use of equipment the contractor obtains through a third party rental agreement, and the eligibility of mobilization costs associated with the use of misunderstanding on how the blue book is developed. Equipment rental rates and labor surcharge caltrans. For items not referenced in the rental rate guide, odot contract rates were. Fhwa has limited their participation in matching funds with state highway agencies using rental rate blue book to the monthly rate divided by 176 hoursmonth plus the hourly operating cost. Equipmentwatch expands data on rates and charges rental. Determination of construction equipment rental rates in force. Additionally, fhwa states that the rates must also be adjusted for age and geographic region. 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. Overtime charges will be prorated at 18 of the daily rate for each hour. Blue book 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 standard reference for rental rates on all classes of heavy construction equipment. Best sites about blue book rental rates construction equipment. 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.

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. Nysdot equipment rental rate schedule new york state. 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 blue book equipment rental rate guide is published annually by the bc road builders and heavy. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. The principle of equipment rental rate guides for contractor owned equipment is that they should fairly.

Rental rate blue book equipment cost recovery equipmentwatch. The fhwa rate is an hourly rate based on monthly rental rate blue book data divided by. Rental rates are based on an 8hour day, 40hour week, 160hour 4week month. Specifically why the monthly rate should be divided by 176 to obtain the hourly rate and how reduced construction seasons are addressed.

Rental rate blue book cost recovery equipmentwatch. For items not referenced in the rental rate guide, odot contract rates were applied as well. Equipmentwatch, a leading provider of data, software and insights for the heavy equipment industry, has expanded its rental rate blue book and internal. 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. For the hourly and nonmetered equipment, the standard rate may be derived from the rental.