The blue books for construction equipment 2008 for. The contractor shall submit a fully completed bc 2370, equipment expense rate data sheet. The developer of the blue book accumulates all contractor costs for owning a. 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 book rates include all equipment overhead costs. In the construction machinery world, the mentality of fixing things only when they are broken is a costly approach to excavators feb 27, 2020. The contractor will receive payment for actual costs of direct. Construction equipment or the rental rate blue book for older construction equipment. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. This information can be forwarded to equipment watch for a rate determ ination.
Since 19, the blue book building and construction network has been a trusted source for information. The principle of equipment rental rate guides for contractor owned equipment is. Federal claims court approves contractors use of blue book. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work.
Column 1 shows the hourly rental rate for ownership and overhaul expense. Construction equipment ownership and operating expense. Since 1998, construction book express has been providing builders, designers, and construction professionals with the products they need. Construction equipment and methods ence 420 assakkaf slide no. All other provisions of the agreement remain in place. I verify the labor rate from certified payrolls and materials from invoice prices. Construction memorandum 0809 force account billing. For items not referenced in the rental rate guide, odot contract rates were. The fdot currently uses two methods to establish reimbursement of equipment costs. Determination of construction equipment rental rates in force. The rental rate blue book is the only commercial equipment rate.
The use of this pamphlet is for rate determination on construction contracts. Jul 17, 2006 multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars. Construction ownership, operating costs rental rate blue book. A formula for construction equipment cost recovery for. 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. Since 1981, it has provided heating, ventilation and air conditioning hvac installation and repair for residential, commercial and new construction projects from broward spring2019 both. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Construction book express your online construction book. Federal claims court approves contractors use of blue book rates to calculate of standby equipment costs in constructive change claims against the navy construction co, inc. The use of this pamphlet is for rate determination on construction contracts, dredging contracts, and negotiated procurements and relates only to contractorowned. Rate blue book for construction equipment which is published by the equipment. Therefore, if a project or home office overhead rate is proposed to be applied to a blue book rate, the state must ensure that it contains no equipment overhead cost factors.
Add tags for rental rate blue book for construction equipment. This volume deals with the topics of fuel conservation and thermal comfort by. Industry source of regional, categorized construction information and is available in print and online. Method for determining equipment rental rates for the. The blue book for costplus, force account, and ownership and operating cost reimbursement. This is the standard fhwa recommended reference for rental rate calculations. In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. Primedia announces complete new suite of electronic products. Use the figures in this division when estimating the cost of. Primedia announces complete new suite of electronic. The use of privately owned equipment is to be approved on a casebycase basis by the appropriate new york state department of transportation resident engineer before any work is begun. The blue book building and construction network company info.
Therefore study of services and equipment is essential for technicians in construction, surveying and architecture. A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. Rental rate blue book are intended as a guide to determine the amount an equipment. There are also other possible adjustments for severity of the conditions, actual purchase prices, etc. Best sites about blue book rental rates construction equipment. Handbook of construction contracting volume 1 by jack p. The hustle and bustle of shoppers, the sounds of metal blades scr. This is the rental rate blue book for construction equipment, volume 1. Rental rate blue book cost recovery equipmentwatch. Thus, beginning with the january 1st half 2017 update, we will no longer. Building services and equipment volume 1 is the first book in a widely acclaimed trilogy that has become established as the leading work in this field.
Construction lost 975,000 jobs in april, the largest recorded decrease in construction jobs since the government began tracking employment in 1939 associated builders and contractors inc. 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. Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. The 2016 national construction estimator lists estimated construction costs to general contractors performing the work with their own crews, as of mid2016. Pursuant to a legislative requirement, gao provided information on the equipment rental rates states use to reimburse contractors for unanticipated work on federalaid highway projects, focusing on. For items not referenced in the rental rate guide, odot contract rates were applied as well as the latest federal emergency management. Click here to download 9 ways to connect, communicate and collaborate with blue book network subcontractors today. May 15, 2017 construction equipment ownership and operating expense schedule table of contents. If it has any similarities to the usace construction equipment ownership and operating expense schedule ep 1110 1 8, there is an adjustment for depreciated equipment. Construction equipment rates contract pricing including cas. Equipmentwatch produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research and serves more than 15,000. Instantly access the rental rate blue book reimbursement rates. Equipment overhead includes such items as insurance, property taxes, storage, licenses and recordkeeping.
The objectives of the research program were as follows. The rental rate blue book is a comprehensive guide to cost recovery for. The standard reference for rental rates on all classes of heavy construction equipment. To evaluate the cost components involved in the cal culation of construction equipment rental rates. Sep, 2012 are you referring to the rental rate blue book. Rates and specifications for construction equipment, published by equipmentwatch, a unit of intertec publishing, 1735 technology drive, suite 410, san jose, ca 95110. Taking advantage of available technology and working to meet the changing needs of the commercial construction industry, the blue book network is fast becoming the leading provider of information, communication and marketing solutions. No career offers better opportunities than construction. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. The enhanced utility and access to equipmentwatchs construction equipment data targets a wide variety of businesses including construction contractors, equipment dealers. Rental rate blue book equipment cost recovery equipmentwatch. Equipment rental rates contract administration construction.
Where else can you start with little cash, no special education and no special skills and build a multimillion dollar company in 10 or 15 years. The bluebook pro estimator has leveled the playing field, enabling contracting companies of all sizes to create accurate and professional looking estimates. Construction equipment rental rates represent a considerable portion of the costs incurred by contractors when submitting claims for force account work to the florida department of transportation fdot. Multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars. Session o2 explains what role the hourly rate plays in an equipmentusing company, and how the rate should handle transactions. Equipmentwatch announces lowest cost of ownership awards. 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. Jun 29, 2004 the enhanced utility and access to equipmentwatchs construction equipment data targets a wide variety of businesses including construction contractors, equipment dealers, equipment manufacturers. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the provincial.