Table of Contents
What are blue book equipment rates?
The Rental Rate Blue Book is a comprehensive guide to cost recovery for construction equipment. 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.
What are equipment rates?
The equipment rates include fuel, oil, lubrication, repairs, maintenance, and insurance. The cost of moving most equipment to the job is included in Section 151 – Mobilization.
What is FHWA rate?
Therefore, the “FHWA” rate in the Blue Book represents monthly ownership rate/176 x Age Adjustments x Regional Adjustments plus hourly operating cost. User defined adjustments are also included in the FHWA rate shown.
How much is a wheel loader?
Wheel Loader Average Costs Compact wheel loaders with less than 110 horsepower usually sell for anywhere from $40,000 to $130,000. Small wheel loaders with less than 180 hp usually cost $120,000 to $180,000. The largest wheel loaders with more than 500 hp can run up to $1 million.
How do you calculate operating equipment costs?
Owning costs = purchase price of machine + financing + taxes – disposal price (what you get for that machine when you resell it). Operating costs = labor + fuel + maintenance + replacement costs of tires, tracks and other components + overhead.
How do you price rental equipment?
To calculate a rental, you would multiply the total cost of a piece of equipment x 5% / month x 13 x 80% to arrive at the estimated annual rental dollars a rental company wants to achieve. By doing this, they would generate a 35% to 40% gross profit, which includes maintenance, insurance and the limited fuel they fund.
What is a labor surcharge?
The labor surcharge compensates the contractor for statutory payroll items stipulated by various governmental agencies. The six items included are worker’s compensation, social security, Medicare, Federal unemployment insurance, State unemployment insurance, and State training taxes.
What is a standby rate for equipment?
A stand down rate is an optional clause in a Hire Agreement. It lets parties opt to give the customer a discount on days when the product being rented out will not be used. Another example is if the equipment could only be used in certain conditions, and bad weather meant the customer was not able to use the equipment.
How much is a front end loader cost?
Generally speaking purchase of a new front end loader can range anywhere between $34,000 and $273,000 depending upon the features offered and the size and weight of the machinery.
How much does a new front loader cost?
How Much Do Front Load Washers Cost? Front loading washing machines start at about $400 and range upwards of $1,500. However, the vast majority of models fall in the $600 to $1,200 range, which is about double the average cost of a top loading model.
How do you calculate hourly operating cost?
To calculate the average total cost per hour, divide the annual total cost by the number of total hours that the machine is used.
How do you calculate equipment hourly rate?
At the simplest level, a machine’s cost per hour is equal to its total cost minus its eventual salvage value divided by its total expected life. A machine that costs $25,000 and is expected to last for 17,000 hours before being sold as scrap for $1,500 would cost $1.38 per hour to use.