Method for Determining Equipment Rental Rates for the State of Florida

摘要

Construction equipment rental rates represent a considerable portion of the costs incurred by contractors when submitting claims for force account work to the Florida Department of Transportation (FDOT). These rates vary widely, depending on factors such as type and age of equipment, capacity, operating costs, availability, and the geographic and climatic conditions at the jobsite. Research included a thorough investigation of the equipment cost factors involved in the determination of rental rates; a nationwide survey of state departments of transportation and several federal agencies; analysis of the methodology and formulas of the most commonly used rental rate guides; and the study of federal guidelines concerning equipment cost reimbursement. The analysis of data gathered led to the recommendation that the State of Florida develop its own statewide rental rates guide by establishing the necessary policies and guidelines to create a standard, equitable and realistic method of compensation for the use of equipment when contract prices are not applicable.