Fhwa blue book rental rates

The fhw a has issued a policy guidance to ensure that pre determined equipment rental. The blue books for construction equipment 2008 the 2008 edition of the blue book for construction equipment most major makes and models has. Army corps of engineers coe manual, construction equipment ownership and operating expenses schedule, be used for equipment rental rates. Michigan department of transportation force account. Primedia announces complete new suite of electronic products for construction industry. Fhwa has limited their participation in matching funds with state highway agencies using rental rate blue book to the monthly rate divided by 176 hoursmonth plus the hourly operating cost.

Any appeals shall be in accordance with 44 cfr 206. Volume 3, for equipment 11 to 20 years old dataquest. The blue book states that, weekly, daily and hourly rates are. Annual equipment rental rates schedule c calendar year 2020. A rental rate that is significantly different than the fhwa rate should be questioned and verified prior to payment. For items not referenced in the rental rate guide, odot contract rates were.

Fhwa weekly, daily and hourly rates are derived from the monthly rate. The fhwa federal highway administration has approved the use of rental rate blue book on federally funded projects. Army corps of engineers coe manual, or other industry rate guides that have similarly been modified. Standby time should not exceed 8 hours per day, 40 hours per week, or the annual usage hours as established by the rate guide. Therefore, the fhwa will accept use of 50 percent of the ownership rental rates of an approved guide as the standby rate in lieu of a contractors actual standby costs. There are alternate ways of navigating the blue book site. The department only recognizes the adjusted fhwa hourly rate, d.

This is the standard fhwa recommended reference for rental rate calculations. Information regarding the use of the schedule is contained in 44 cfr 206. The fhwa rate is to be used for contractor equipment. These guidelines would serve as the basis for the development of an analytical model that would determine equipment rental rates according to ownership costs, operation and maintenance costs, operating hours, equipment overhead, and profit. Primedia announces complete new suite of electronic. States may adopt the blue book or other industry rate guides that have been modified to. Determination of construction equipment rental rates in force.

Fhwa federal highway administration has limited their participation in matching funds with state highway agencies using rental rate blue book to the monthly rate divided by 176 hoursmonth plus the hourly operating cost. Equipmentwatch provides data for construction equipment, lift trucks and ag equipment equipment costs, valuesprices, year verification, rental rates. Additionally, fhwa states that the rates must also be adjusted for age and geographic region. Rental rate blue book cost recovery equipmentwatch. Equipment rental rates for contractor owned equipment. The rental rate blue book is the only commercial equipment rate schedule tested and approved by the federal highway administration fhwa as an acceptable guideline for reimbursement of contractor equipment costs in force account or extra work. If the contractor is renting a machine you may pay the invoiced charges, per the epg. We have had several questions asking if the federal highway administration fhwa was mandating that the u. Rates for equipment not listed will be furnished by fema upon request.