Some equipment is depreciated on an operating hours basis, for example. Its the mantra of four generations of the oneal family, leaders in the equipment rental industry for decades. In the science and art of appraisal, it is the amount that would be paid for rental of similar real property in the same condition and in the same. Rental rate guide book for construction equipment blue book, volumes 1, 2 or 3, as applicable, latest. Instantly access the rental rate blue book reimbursement rates specified for. Equipment data, apis prices serial number search fleets.
Rental value is the fair market value of property while rented out in a lease. To clear it up a bit, what im looking for is a price list as to what a contractor would charge a. If he is using owned equipment that has been fully depreciated on the company books, then you should negotiate a nominal but reasonable price for using the equipment plus operating 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 equipmentrelated ownership and operating costs. Up to date information everyone in dot has access a fully updated hard copy will be maintained in the construction unit. The use of privately owned equipment is to be approved on a casebycase basis by the. Check out our buyers guide built specifically for your needs. These guidelines would serve as the basis for the development of an analytical model that would determine equipment rental rates according to ownership costs, operation and maintenance costs, operating hours, equipment overhead, and profit. Please fill out the form below and we will get in touch with you within 48 hours.
This is the standard fhwa recommended reference for. The contractor should not be charging you rental rates out of the blue book. Equipment rental rates records riggs cat, rsc equipment rental, all rental equipment inc. 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. Equipmentwatch provides local government accurate used equipment prices to make better buy and sell decisions. 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. Method for determining equipment rental rates for the. Twentyfive of these homes are rental properties, which is about 14 percent. Evidence of rental value becomes important in lawsuits in which loss of use of real property or equipment is an issue, and the rental value is the measure of damages. Determination of construction equipment rental rates in. The rental rate blue book is a comprehensive guide to cost recovery for construction equipment. For items not referenced in the rental rate guide, odot contract rates were applied as well as the latest federal emergency management agency equipment rates. The rates shall be determined by the county engineer or other appointee of the.
Used equipment prices equipment blue book equipmentwatch. Figuring rent for existing farm buildings purdue university. The daily cost of equipment needed by a crew is based on dividing the weekly rental rate by 5 number of working days in the week, and then adding the hourly operating cost times 8 the number of hours in a day. Possible sales price kind of building in place removed 100,000 bu. Rental rate blue book trademark of informa business. Primedia announces complete new suite of electronic.
Equipment rental companies can be broken into three general categories. All other provisions of the agreement remain in place. More generally, it may be the consideration paid under the lease for the right to occupy, or the royalties or return received by a lessor under a license to real property. Information regarding the use of the schedule is contained in 44 cfr 206. Filed in september 23 2015, the rental rate blue book covers online business directories featuring a searchable price guide database of construction equipment values. These rates are derived from cost formulas and factors.
Any power equipment required by a crew is shown in the crew listings with a daily cost. 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. Cdot erosion control and storm water quality guide and pocket book, 6. During that time period rentals for compact truck loaders shot up 925%, wheel loader rentals skyrocketed 273%, and forklift rentals jumped 90%. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. In divorce cases in which one of the spouses stays in the. Crown publications online catalogue equipment rental. Rental rate blue book cost recovery equipmentwatch. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Industry professionals acknowledge eqgurus proprietary data, products and services as providing the most accurate thirdparty nonbiased data regarding the heavy. Further, the court noted that the blue book rates used by metric for its older equipment sufficiently took into account its age and the depreciation due to its age.
Providing a searchable online advertising website and informational guide. An equipment rental company erc is usually a highly profitable business model, so if you are thinking of selling it, the most important thing before setting your asking price is to make the correct valuation, in order to take the most profit from the sale. Federal claims court approves contractors use of blue. Rental rate blue book for construction equipment, 4. Construction equipment rates contract pricing including. The fhwa rate is an hourly rate based on monthly rental rate blue book data.
Rental rate blue book now posted on the portal page cost savings. Army corps of engineers manual, construction equipment ownership and operating expense schedule. Communicate and collaborate with blue book network subcontractors today. The fdot currently uses two methods to establish reimbursement of equipment costs.
Too many rentals in neighborhood can cause property values. 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. 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. Monthly, weekly, hourly rates on all classes of construction equipment. The principle of equipment rental rate guides for contractor owned equipment is that they should. Call each rental rate blue book for construction equipment and ask those difficult questions. Online index of equipment rental rates companies that are active in the commercial construction industry.
The blue book equipment rental rate guide is published annually by the bc road builders and heavy. This is the standard fhwa recommended reference for rental rate calculations. Online buyers guide service providing information in the field of construction equipment values. Labor costs of operator are not included in the rates and should be approved separately from equipment costs. Equipmentwatch provides data for construction equipment, lift trucks and ag equipment equipment costs, values prices, year verification, rental rates. Buying and selling equipment without knowing its true market value can lead to the loss of thousands of dollars. The taxation annual rates, employee allowances, and remedial matters act 2014 included amendments relating to the taxation of employerprovided accommodation that. However, we can have someone personally get a rental valuation for you. Mail stop 692, fax number 65664677, central office s. Introduction the equipment in this equipment rental rate schedule is listed according to either typeand specification or makeandmodel for most basic size categories.
Where possible, these rates are based on averages of the cost owning and operating equipment as presented in the construction equipment cost reference guide published by primedia, inc. 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. Higher hourly cost compensation for heavy equipment used in. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. Rental rate blue book equipment cost recovery equipmentwatch. Operating rate depreciation rate motor pool only replacement rate mile or hour rate monthly depreciation mini pass. 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. The blue books for construction equipment 2008 for. Valuing and pricing an equipment rental company probiz. Equipmentwatch awards announced highest retained value and lowest cost of. The deciding issue for me to vote for the fhwa is simplicity. Use of blue book rates is subject to the same conditions which apply to their use on regular federalaid projects. Contractors equipment companies servicing redmond, wa change location. The cfc is computed by multiplying the average value of the equipment by the cost of.
No low equipment rates based on commissioners rental schedule list any additions to the equipment. Equipment rental rates contract administration construction. The use of privately owned equipment is to be approved on a casebycase basis by. The data in the rental rate blue book is organized by equipment. Equipment rental businesses need to do their homework in order to get financing in this economic climate. Too many rentals in neighborhood can cause property values to stagnate. 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. In a survey of over 70,000 business owners, ceos, managers, and procurement professionals between 2011 and 2014, found that heavy equipment rentals are increasing across the nation. The blue book for costplus, force account, and ownership and operating cost reimbursement. Best sites about equipment rental rates blue book 2019. The discrepancy lies in the exact type of rental business thats in question. 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. 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 computations. If a rental rate blue book for construction equipment vendor has an availability request, fill.
Search for rental rate blue book for construction equipment vendor from the menu selections of the home page 3. The analysis of data gathered led to the recommendation that the state of florida develop its own statewide rental rates guide by establishing the necessary policies and guidelines to create a standard, equitable and realistic method of compensation for the use of equipment when contract prices are not applicable. Rental ones mission statement, to serve others with excellence, transcends words on the office wall. Value lookup for heavy equipment similar to kelley blue.