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Are you being asked to use rates other than those included in MCAA’s Tool & Equipment Rental Guide? Not to worry… EquipmentWatch prepares the rates in MCAA’s guide using the same cost formulas and methodology they use for their own rates.
Need to prove it to a customer? The Introduction on page 3 of the guide states that:
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- The Blue Book for cost-plus, force account, and ownership and operating cost reimbursement. Included in the following plans: Construction and Dealership.
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- Jan 1, 2018 - For the hourly and non-metered equipment, the standard rate may be derived from the Rental. Rate Blue Book for Construction Equipment.
The Tool & Equipment Rental Guide is a comprehensive, current guide to cost recovery for equipment used by mechanical contractors. The rates in this guide are intended as guidelines paralleling amounts an equipment owner should charge during rental or contractual periods to recover equipment-related costs on a single-shift (8-hour) basis.
These rates are derived from cost formulas and data developed by EquipmentWatch and from analytic methods used in the construction industry. Generally, these methods consider purchase price, depreciation, maintenance and overhaul costs, indirect equipment costs, and average annual use hours. Specific market conditions, such as local supply and demand, are not considered in these calculations. These rates are not a tabulation of rates being charged nationally. They do not reflect rates charged by rental companies except by coincidence. Recognizing that costs may vary considerably from state to state, a Regional Rate Adjustment Table is provided as Appendix I.
Additional information about the guide’s definitions and methodology can be found on pages 5-6.
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ATLANTA, Aug. 2, 2018 /PRNewswire/ -- EquipmentWatch, the industry standard for ownership and operating cost data, announces the introduction of light duty truck models to its Rental Rate Blue Book and Internal Charge Rate products.
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The update represents the vast majority of truck manufacturers and models found on any given construction site, including Ford, Chevy, Dodge, Nissan, Toyota, and more.
The addition of light duty trucks fulfills a long-time request from EquipmentWatch customers. To ensure the highest quality standards, the EquipmentWatch analyst team sought out the most respected truck database in the market: The Truck Blue Book from Price Digests. Recognized as the standard for truck specs and values since 1928, the Truck Blue Book provided critical specs such as MSRP, horsepower, and ton rating.
'Our customers have been asking us to add light duty trucks to EquipmentWatch for years,' said Elise Gregory, senior industry analyst, EquipmentWatch. 'We aim to have the most comprehensive database of construction equipment anywhere, and by adding on-highway truck models to the product our users now have access to data that clearly represents actual models in their fleet.'
Available online only, on-highway truck models can be leveraged in both the Rental Rate Blue Book for extra work reimbursement, and in the Internal Charge Rate calculator to determine asset-specific ownership and operating rates for estimation and internal rental purposes.
For additional information on EquipmentWatch, visit: https://equipmentwatch.com.
About EquipmentWatchEquipmentWatch is the trusted source for heavy equipment data and intelligence. 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 professional, high-volume users of construction and lift-truck data. Our products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.
For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, rental companies, lenders and insurers, and government agencies involved in heavy civil construction.
About InformaEquipmentWatch is part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster. Informa has over 11,000 colleagues in more than 30 countries and a presence in all major geographies. It is listed on the London Stock Exchange and is a member of the FTSE 100.
Media Contact:Erin C. Kadzis
Product Marketing Manager
EquipmentWatch
770.618.0123
[email protected]
Product Marketing Manager
EquipmentWatch
770.618.0123
[email protected]
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SOURCE EquipmentWatch
Construction Equipment Rental Rates
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