Rental Rate Blue Book

You may send this item to up to five recipients. This age adjustment is necessary for the rates to comply with federal cost principles concerning depreciation cost allowances.

Equipment Cost Recovery - EquipmentWatch

Would you also like to submit a review for this item? Please select Ok if you would like to proceed with this request anyway. Choose the specifications relevant to your asset from the drop down menus. The developer of the Blue Book accumulates all contractor costs for owning a piece of equipment for an entire year. Users of these factors should refer to their own judgment and experience when modifying suggested adjustments to reflect specific conditions.

Depreciation is the decline in value of the equipment due to age and usage. Idling Rates in the EquipmentWatch Cost Recovery Guide are by default the hourly cost associated with an asset idling. Contract Administration Technologies and Innovations. Depreciation in this guide refers to capitalization of the acquisition cost of equipment by a straight line, even accrual of funds over an established economic life.

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If multiple configurations exist for a model, selecting a configuration is required before you can see your cost recovery rates. The invoice cost should be comparable with other rental rates of the area.

Equipment Cost Recovery - EquipmentWatch

You can make adjustments to your cost recover rates manually or by selecting an organization from the drop down menu. Selection of the specific model year will cause the age adjustment to be performed automatically. The data in these tables do not apply to the Estimated Operating Cost per Hour. As applied in this context, it is not to be confused with other methods of determining depreciation for taxation or other accounting purposes. Profit, project overhead, and general company overhead costs such as office facilities and supplies are not included in the rates shown.

Equipment Rental Rates and Labor Surcharge

Development of Blue Book Equipment Rental Rates The developer of the Blue Book accumulates all contractor costs for owning a piece of equipment for an entire year. This will be in addition to applicable rates for the hauling equipment. The depreciation portion of the Blue Book Ownership rate is based on current or latest prices for the machinery. Please see detailed cost explanations located elsewhere within this User Guide. The contractor continues to incur certain ownership costs when equipment is required to be standby.

This allowance covers the periodic rebuilding of engines, transmissions, undercarriages, and other major equipment components. Lost availability of equipment is not considered a viable factor since a contractor, in bidding a project, agrees to furnish all equipment required to complete the project. Several issues not covered in earlier guidance memorandums have been raised.

Equipment Rental Rates and Labor Surcharge

It is normally computed using the straight-line method based on the overall economic life which is in turn based on anticipated usage wear and tear per year. The standby rate may be based on the contractor's actual costs or data from an approved rate guide. Cancel Forgot your password? Under certain circumstances, for example during forced or legal standby, contractors may be entitled to payments for their equipment on standby.

Its use allows for the display and application of user-selected rate adjustments during subsequent equipment lookups without having to perform these adjustments for each lookup. The results gives a contractor's cost of owning the equipment for a month established in the Blue Book as hours. You may have already requested this item. Thus, when you select a Default quarter from the pull-down menu, the actual equipment results page may show a different, larger period that includes the default quarter.

Rental rate blue book for construction equipment. The name field is required. Rate adjustment tables provide for the difference between current prices of new equipment and the price for equipment during the year of original purchase. The E-mail message field is required.

Equipment Rental Rates and Labor Surcharge

Your rating has been recorded. Search WorldCat Find items in libraries near you. The rate element tables show the percentage of the total Ownership rate is attributed to each cost. Hourly Operating costs are listed separately. Since rental agreements vary, the specific operating costs included in the rental agreement may need to be determined.

Map at the beginning of each Blue Book equipment section indicate adjustment factors for differences in climate and regional costs. The cost of labor and parts needed for routine, daily servicing of the equipment.

Rental Rate Blue Book / Cost Recovery

Advanced Search Find a Library. These new settings can only be saved from the Default Settings page and not from the Rental Rate Blue Book model details page. Extreme climatic variations should be considered separately.

Since there is no wear and tear to equipment during standby time, an appropriate adjustment should be made to the depreciation rate provided in most rental rate guides. Archived Rental Rate Blue Book rates are sometimes required to settle claims, document job costs, cydia app or to complete audits.

Most contracts will require certain adjustments to be made before submitting rates. The actual rate may be increased or decreased by factors not taken into account, such as severe job conditions, etc. It is the responsibility of the contracting parties to agree on an appropriate method. Standby Rates in the EquipmentWatch Cost Recovery Guide are by default the hourly cost associated with an asset on standby. While all efforts have been made to assure total accuracy, the variable nature of the information and informational sources precludes any warranties of specific accuracy in any specific instance.

As always, please check your contract before making any regional adjustments. However, formatting rules can vary widely between applications and fields of interest or study. Your request to send this item has been completed.

Rental rate blue book for construction equipment Rental rate blue book. The contribution of indirect cost to total Ownership cost for each piece of equipment can be found in the Rate Element Allocation Table at the bottom of the results page.

This diminished accuracy for discontinued models is due to the high variations in resale values for older machines. There may be additional eligible operating costs not covered by the agreement which the contractor has incurred and should be reimbursed for, such as fuel, lubrication, field repairs, etc. Please enter recipient e-mail address es. Operating Costs should be charged at the full rate during all shifts. Please verify that you are not a robot.

Rental Rate Blue Book

Specifically why the monthly rate should be divided by to obtain the hourly rate and how reduced construction seasons are addressed. The correct equipment configurations can be identified by general specifications. Selecting a Configuration If multiple configurations exist for a model, selecting a configuration is required before you can see your cost recovery rates.