Of the 52 state departments of transportation, 47 use the blue book published by dataquest. You should use the rental rate blue book for your igce and to test the reasonableness of the proposed charge. 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. Rental rate blue book trademark of informa business. Instantly access the rental rate blue book reimbursement rates. Stop back often, we update content on a regular basis. I verify the labor rate from certified payrolls and materials from invoice prices.
Primedia announces complete new suite of electronic. It does not make sense to adjust a rental rate for the depreciated value of an owned piece of equipment, which if i understand your question. Past records show that depending on the manual used, the rental cost for the same piece of equipment. Equipmentwatch provides data for construction equipment, lift trucks and ag equipment equipment costs, valuesprices, year verification, rental rates.
Our 40 years of experience in bringing customers valuable information in such industry standards as rental rate blue book ownership and operating. The appropriate adjustment factors year and region should be used. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. Commercial large rental yard companies that provide az construction rental equipment such as air compressors, generators, mobile scissor lifts, portable floodlights, scaffoldingshoring, temporary climate control equipment, welding equipment, etc. Commercial contractors equipment the blue book building. Rates for the rental of equipment owned by the fund shall be set to cover all costs of maintenance and repair, material and supplies consumed in operating or maintaining the equipment, and the future replacement thereof. Our fleet is available for sale or rent, and backed by expert factorytrained personnel. 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.
States generally base rental rates on standard rate guides almost all the states use one of the standard rate guides. Rental rate blue book cost recovery equipmentwatch. If a rental rate blue book for construction equipment vendor has an availability request, fill. I rarely raise rents in my units and usually wait until a vacancy occurs, research rental rates via craigslist, etc, and then rent for whatever the market will bring. Where to find cashflowing rentals attom data solutions. It should be noted that blue book rates are maximum rates. Effective january 1, 2012 through december 31, 2012.
Crown publications online catalogue equipment rental rate guide. Filed in september 23 2015, the rental rate blue book covers online business directories featuring a searchable price guide database of construction equipment values. A majority of states do not allow the use of premium rates on equipment rentals. Rental rate blue book is a trademark by equipment guidebook company, this trademark has a nationality of california in the united states. Search for rental rate blue book for construction equipment vendor from the menu selections of the home page 3. Used heavy construction equipment from fsei including cranes, excavators, articulated dumptrucks, bulldozers, compactors, wheel loaders, and rock crushers. A state may, subject to the fhwas concurrence, adopt the dataquest rental rate blue book blue book or another industry rate guide, or it may develop its own guide. Determination of construction equipment rental rates in. Jun 29, 2004 our 40 years of experience in bringing customers valuable information in such industry standards as rental rate blue book ownership and operating costs, and green guides equipment valuation. Blue book rates are available on the internal website. Local assistance division business virginia department. The state must make the determination that the equipment rental rates developed or adopted fairly estimate a contractors actual cost to own and operate the equipment. Up to date information everyone in dot has access a fully updated hard copy will be maintained in the construction unit. Call each rental rate blue book for construction equipment and ask those difficult questions.
Local assistance division business virginia department of. Equipment rental and wage rates agreement north dakota department of transportation, construction services sfn 890 62017 contractor project number sub contractor project control number force account number description of force account work. 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. It does not make sense to adjust a rental rate for the depreciated value of an owned piece of equipment, which if i understand your question correctly you seem to be suggesting. I have been looking all evening for a web site, or some other sorce of information on equipment blue book rental rates, to no avail mind you. You can also refer to our blog posts here resources. Rental rate blue book dataquest inc, rental rate blue book by dataquest inc.
The cost of the rental rate blue book purchase can be paid for using maintenance funds. Rental rates are established based on the equipment rental guide, also referred to as the blue book. These rates are derived from cost formulas and factors. 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.
Determination of construction equipment rental rates in force. Buying a single family rental property in more than half of the zip codes analyzed 4,802 to be exact is likely a losing proposition, with negative net cash flow produced by a medianpriced property purchased with a 25 percent down payment and rented out at the median rental rate. Of the 52 state departments of transportation, 47 use. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness.
Rental rate blue book equipment cost recovery equipmentwatch. The department currently uses the equipment watchs rental rate blue book. Monthly, weekly, hourly rates on all classes of construction equipment. This is your source for bluedata content and resources from our thoughtleadership in white papers and webinars, to analyst reports for an independent perspective on our software, to videos with demos and interviews with our product experts. Volume 3, for equipment 11 to 20 years old dataquest. Equipment rental and wage rates agreement north dakota.
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. The blue book for costplus, force account, and ownership and operating cost reimbursement. Construction equipment rates contract pricing including. Mail stop 692, fax number 65664677, central office s. Road builders and heavy construction association and other stakeholders. Most dots use rental rate manuals to determine equipment reimbursement. The ministry determines annual rates for the guide based on input from the b. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins.
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. 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 use of privately owned equipment is to be approved on a casebycase basis by the. No low equipment rates based on commissioners rental schedule list any additions to the equipment. Equipment rental and wage rates agreement north dakota department of transportation, construction services sfn 890 62017 contractor project number sub contractor project control number force account number description of force account. Crown publications online catalogue equipment rental. 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. Road builders and heavy construction association shown below. The schedule of average annual equipment ownership expense soaaeoe booklet was last published by the illinois department of transportations bureau of construction on january 1, 2004. Rental rate blue book now posted on the portal page cost savings.
For items not referenced in the rental rate guide, odot contract rates were. Paul, mn 551551800 6512963000 tollfree 8006573774 upon request, information on this website is available in alternate formats by calling 65664718 or emailing adarequest. This is the standard fhwa recommended reference for. For the hourly and non metered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. To clear it up a bit, what im looking for is a price list as to what a contractor would charge a customer for force account work and the like. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. The blue book as well as several other industry rite guides have developed premium rates for periods of equipment use less than the standard 176 hours per month. Read, highlight, and take notes, across web, tablet, and phone. The rates shall be determined by the county engineer or other appointee of the. The colorado department of transportation maintains procedures for determining equipment rental costs which are reimbursable to contractors performing force account work on cdot construction projects. Providing a searchable online advertising website and informational guide. The deciding issue for me to vote for the fhwa is simplicity. Quick reference guide equipment rental rates from blue book.
Commercial contractors equipment the blue book building and. In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. Is there a source website where i can research rental rate data. These tables have been furnished to all holders of the current bluebook by dataquest.
Army corps of engineers coe manual, or other industry rate guides that have similarly been modified. For contractor requested changes to an original contract item, since the contractor will have to. Online buyers guide service providing information in the field of construction equipment values. This is the standard fhwa recommended reference for rental rate calculations. I rarely raise rents in my units and usually wait until a vacancy occurs, research rental rates. Rental rate blue book trademark of informa business media. 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.
Operating rate depreciation rate motor pool only replacement rate mile or hour rate monthly depreciation mini pass. Construction equipment rates contract pricing including cas. Cdot erosion control and storm water quality guide and pocket book, 6. Fy20 urban municipal mileage and payments 494 kb payments to local governments history of payment rates 47 kb urban overweight permit revenue 22 kb the code requires municipalities report their maintenance expenditures to vdot on an annual. For items not referenced in the rental rate guide, odot contract rates were applied. Rental rate blue book is a trademark by equipment guide book company, this trademark has a nationality of california in the united states. Rental rate blue book for construction equipment, 4. Attached are copies of the instruction sheets for use with the adjustment tables.
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