When the equipment is in use performing overhead work, this item should be charged at 100% of the rental rate blue book plus operating costs. Ups, fedex, and what the fuel surcharge means to investors. Caltrans publishes labor surcharge and equipment rental rates caltrans 20a with a. If your truck gets 5 mpg, then the fuel surcharge would be. Overtime charges will be prorated at 18 of the daily rate for each hour over eight hours in a day. Fuel price adjustment province of british columbia. Average on highway diesel fuel price as reported by the u. Fuel surcharge calculator, owneroperator independent. May 1, 2020 we do not adjust below blue book base rate. Some equipment is depreciated on an operating hours basis, for example.
Department of energys doe gulf coast spot price for. Fuel price base line this is the fuel cost amount you used in figuring your cost of operation. This procedure may underestimate actual fuel cost for demolition. Instantly access the rental rate blue book reimbursement rates. The contractor will be paid the rental rates, as modified herein, set forth in the rental. Knowing the fuel mileage, then the fuel surcharge is simply.
The rates on this schedule of equipment rates are for applicantowned equipment in good mechanical condition, complete with all required attachments. Publically owned equipment the rental rates for nontruck equipment owned by local governments are the sum of columns 1 and 2. The blue book for costplus, force account, and ownership and operating cost reimbursement. Equipment code equipment description rate per hour. Construction equipment rates contract pricing including. The use of privately owned equipment is to be approved on a. Rental rates can also be treated as reimbursement costs for contractorowned. When the equipment is not in use, this item should be charged at 50% of the rental rate blue book.
Based on the above rationale, the fhwa has determined that when the blue book is used to calculate equipment rental costs for periods of less than a month, the most equitable approach is to utilize an hourly rate developed by dividing the blue book monthly equipment rental rate by. In such cases, when the davisbacon wage rate is greater than the comparable state rate listed on the previous page, the with operator rates will be adjusted upward by the difference between the two rates. The departments schedule of average annual equipment ownership expense will no longer be used for t his purpose. Avoid costly negotiation by specifying the industry standard equipment charge rates for extra work before the project begins. Equipment rental rates and labor surcharge caltrans. Rental charges will continue until the unit has been returned and checked in at burris equipment or notice has been given that the equipment is ready to be picked up. Determination of construction equipment rental rates in force. Federal transit funding programs sections 5307, 5309, 5310, and 5311 field welder certification program. The fuel surcharge amount will be charged on a mileage basis, reflecting the extra cost of the fuel used in the specific trip. When the doe department of energy national fuel index national average falls into one of the following categories, a fuel surcharge will be added to the net charges on a single shipment. Stafford disaster relief and emergency assistance act, 42 u.
This fuel surcharge chart does not apply to international outbound or inbound shipments. Higher hourly cost compensation for heavy equipment used in. The office of equipment management calculates standard equipment rates for. I verify the labor rate from certified payrolls and materials from invoice prices. 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. Historical fuel price adjustment province of british.
If he is using owned equipment that has been fully depreciated on the company books, then you should negotiate a nominal but reasonable price for using the equipment plus operating costs. Ups uses an indexbased surcharge that is adjusted weekly. Rate blue book for construction equipment which is published by the. Energy information administration eia for the week that is two weeks prior to the adjustment, rounded to the nearest cent. Rates listed in the rental rate blue book are intended as a guide to determine. Gulf coast usgc price for kerosenetype jet fuel as reported by the u. The monthly rate will be calculated on the national average from two months previous. Changes to the equipment rates in the april 1, 2009 book were the result of. Equipment rental rates schedule c report 375 effective january 1, 2017 through december 31, 2017 hourly equipment rental rates are based on the following data reported by county road commissions on the county equipment questionnaires. Miscellaneous equipment rental rate information caltrans. This is the standard fhwa recommended reference for rental rate calculations. For items not referenced in the rental rate guide, odot contract rates were. Blue book rates power graders trans worker iii classification less than 21,000 g.
Calculating the rate to charge for your time and equipment posted on may 15, 2011 by larry this article was first published in the may, 2009, issue of larrys final cut pro newsletter. 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. Equipment costs monthly equipment rate table cost per. Operating rate depreciation rate motor pool only replacement rate mile or hour rate monthly depreciation mini pass. The contractor should not be charging you rental rates out of the blue book. Attachment 1 rates for items not available from the blue book. When csxt is the billing railroad with respect to a joint rate as to which another railroads fuel surcharge is to be applied, the mileage if.
Mainedot develops these annual rates in the interest of not having to negotiate every rental rate. For more information about other air freight services, contact your ups representative. Rental rates are established based on the equipment rental guide, also referred to as the blue book. I compare the equipment rates with local rates andor national blue book rates to determine reasonableness. Books are no longer available in hard copy and should be downloaded from the internet and printed. Historical fuel price adjustment province of british columbia. Rental rate blue book equipment cost recovery equipmentwatch. I have been looking all evening for a web site, or some other sorce of information on equipment blue book rental rates, to no avail mind you. Direct repair, indirect repair and storage, operating and depreciation. Add tags for rental rate blue book for construction equipment. The rental rates for privately owned equipment are determined by referencing either the new york state office of general services heavy equipment rental standby contract or the current rental rate blue book for construction equipment by primedia, inc. Monthly rental rates vary from 2% to 5% of the purchase price of the equipment depending on the anticipated life of the equipment and its wearing parts. Calculating the rate to charge for your time and equipment.
The acrobat viewer, needed to view this document, can be downloaded directly from adobes software site. Now they need to work out a fuel surcharge calculation. Each piece of equipment carries its own independent historical and current information for accumulated costs, hour readings, and odometer readings where applicable. Weekly rental rates are about the monthly rates, and daily rental rates are about the weekly rate. Each rate covers all costs eligible under the robert t. That means the contractor has submitted an hourly rate for labor, equipment rates and material prices. Shipments considered a capacity load or moving under exclusive use rates. To clear it up a bit, what im looking for is a price list as to what a contractor would charge a. Fine and coarse aggregates approved list freedom of information law foil freight movement large truck.
If you are leased to a company, the calculation is even easier, so long as you know your actual costs per mile. For the hourly and nonmetered equipment, the standard rate may be derived from the rental rate blue book for construction equipment. Privately owned equipment the rental rates for privately owned equipment are determined by referencing either the new york state office of general services heavy equipment rental standby contract or the current rental rate blue book for construction equipment by primedia, inc. Book blue book as the source of equipment rates for force account billing. Labor surcharge and equipment rental rates cost of. Current fuel price adjustment rates paid by the ministry of transportation and. The use of privately owned equipment is to be approved on a casebycase basis by the. According to equipment watch, the publisher of the rental rate blue book, 47 state dots and numerous municipalities specify the use of the blue book for pricing significant costs. The labor surcharge compensates the contractor for statutory payroll items stipulated by.
Fuel surcharge rates are updated weekly and are applied to shipments originating tuesday through the following monday. The rental rate blue book is the only commercial equipment rate. Currently there is no rule, law or regulation mandating the passthrough of fuel surcharge. This app is just a tool to assist you in knowing the freight rate you need to move your truck. The labor surcharge portion of the with operator rate will not be changed. Multiply the total cost of a piece of equipment x 5%month x x 80% to arrive at the estimated annual rental dollars. You can use our calculate time and cost tool to find air freight rates. Rental rate blue book cost recovery equipmentwatch. Particular attention should be given to the surveyors vehicle. Changes to the surcharge will be effective on monday of each week.
The ministry determines annual rates for the guide based on input from the b. Increases were made to all equipment this year, but the department is sensitive to the fact that fuel prices may continue to be volatile. Formula for instituting a fuel surcharge tools ooida. Average diesel fuel price commonly used is the us dept. For the latest information regarding the novel coronavirus covid19 please visit the california coronavirus covid19 response page. Construction equipment rental rates vary widely according to fac tors such as type and. The mainedot committee is composed of veteran mainedot maintenance engineers and state aid construction supervisors who are responsible for.
The department may revise these rates if fuel prices escalate. The fuel surcharge will remain independent from our base rates and will be shown as a separate entry on our freight bill. Femas schedule of equipment rates cost code equipment specification capacitysize hp notes unit rate 8229 compactor, towed, drum static 20000 lb add to prime mover rate for total rate. Ups applies a fuel surcharge on our domestic air and ground services. Rental rates are based on an 8hour day, 40hour week, 160hour 4week month. The fhwa rate is an hourly rate based on monthly rental rate blue book data. This is the standard fhwa recommended reference for. Nysdot az new york state department of transportation. Knowing your cost of operation is still your key to success. The daily blue book rate is approximately 25 % of the weekly rate, based on the loss of roughly 60 hours during a month when machinery is used on a daily basis. Road builders and heavy construction association and other stakeholders.
This guide is provided for reference purposes only to assist in determining the appropriate ratings listed in section 127. Rental charges will not be allowed for small tools that show a daily rate less than five. Labor surcharge and equipment rental rates cost of equipment. Effective january 1, 2018 through december 31, 2018. It is more cost effective to calculate on a weekly average vs. Based on the above rationale, the fhwa has determined that when the blue book is used to calculate equipment rental costs for periods of less than a month, the most equitable approach is to utilize an hourly rate developed by dividing the blue book monthly equipment rental rate by 176. A formula for construction equipment cost recovery for.
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