We suggest you add the percentages for depreciation, cost of facilities capital, and indirect costs in order to obtain a total percentage of the blue book rate applicable for standby allowance. Standby time shall be defined as the time during which equipment is idled. Rate blue book for construction equipment blue book for both extra work and. A typical equipmentwatch rental rate blue book report for a. The developer of the blue book accumulates all contractor costs for owning a piece of. Equipment rental rates and labor surcharge caltrans. A legacy of purpose, passion and playing it straight if you are reading this, you probably have benefited in some way by jims desire. The department and fhwa do not recognize the standby rate or. Miscellaneous equipment rental rates are updated daily and available on the internet at.
In the late 1970s, the tandy center shopping mall in downtown fort worth, texas, was booming. The blue book equipment rental rate guide is published annually by the bc road builders and heavy construction association, in partnership with the. Since the construction equipment industry, is so large, not every make and model has been. Instantly access the rental rate blue book reimbursement rates. Equipment rental rates federal highway administration. The depreciation percentage is 23% of the monthly rate, the cost of facilities capital cfc is 3% of the monthly rate and the indirect costs are 8% of the monthly rate. Use of blue book rates to calculate of standby equipment costs in. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Equipmentwatch establishes new standard for standby and. Equipment rental rates contract administration construction. All other provisions of the agreement remain in place. The hustle and bustle of shoppers, the sounds of metal blades scr. The rental rate blue book published by primedia information, inc.
Our workflow tools make it easy to upload your fleet, share rates across your organization, and prepare reports that streamline the reimbursement process. Rental rate blue book cost recovery equipmentwatch. Each rate covers all costs eligible under the robert t. Rate blue book for construction equipment which is published by the equipment.
These include the use of standby equipment rental rates, the use of. Equipment rental rates are available on the internet at. Standby rates in the equipmentwatch cost recovery guide are by default the hourly cost associated with an asset on standby. Construction ownership, operating costs rental rate. The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. Payment for such standby will be limited to not more than eight hours in a. Equipment and labor rates, mobilization of equipment, availability of.
These payments are meant to reimburse the contractor for fixed costs such as depreciation, cost of facilities capital, and indirect equipment costs. 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. Stafford disaster relief and emergency assistance act, 42 u. Federal claims court approves contractors use of blue book rates. By mutual agreement, agc and wsdot have replaced the rental rate blue book published by primedia information, inc. Several issues not covered in earlier guidance memorandums have been raised. 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. How to calculate standby rates equipmentwatch intel. Along with internal charge rates, market values, retail rental rates, machine specs, serial number history and market insights, the launch of. Contact primedia information, inc, through the wsdot osc construction. Books are no longer available in hard copy and should be downloaded. The blue book web page lists fhwa rates for equipment, why dont we use. Equipmentwatch establishes new standard for standby and idling cost calculation.
Equipment costs in construction contract disputes jstor. The blue book for costplus, force account, and ownership and operating cost reimbursement. Thousands of contractors and project owners trust our rental rate blue book rates to reimburse equipment ownership and operating costs incurred during extra work. Standby refers to the situation where equipment is on the job and available for work, but is. The rental rate blue book is a comprehensive guide to cost recovery for. Standby rates in the equipmentwatch cost recovery guide are by default the. The word contractors has been interpreted to include both subs and primes. The rental rate blue book is a comprehensive guide to cost recovery for construction. Standby rates are meant to reimburse the contractor for fixed costs such as.