1/5/2024 0 Comments Blue greenbooksProvides for model year, state and MSA adjustments. V alues are derived from a survey of equipment rental companies (United, Sunbelt, etc …), and are the averaged aggregated results of their retail rental ratesĬ alculated from equipment owner survey data collected from a variety of sourcesĭata is derived from approximately 500 rental companiesīest for accurate reimbursement on owned equipment, and for cost recovery. Provides the actual cost to own and operate equipmentĭoes not include operating costs. Provides ownership and operating costs and is used for indemnification. Use the following chart as a helpful general guide for when to select each source : If you are using the Green Book, when instead the Rental Rate Blue Book is indicated, you may not be fully compensating the contractor. The Blue Book is often written into project specifications, which means that project owner s will be potentially overpaying if they use the wrong guide, as proper compensation amount wouldn’t line up. The Rental Rate Blue Book, on the other hand, provides the actual costs to own and operate equipment. Also, because the data that fuels the Green Book/Retail Rental Rates is sourced from advertised rental prices offered by rental companies, the product does not include operating costs such as fuel. The cost of ownership for a rental company varies widely from a contractor’s costs. In short, the Green Book should be used to benchmark the cost of renting equipment, and to aid in making the decision to use owned vs. The difference can be confusing, but the primary distinction lies in the intended use case. Knowing the distinction can mean the difference in potentially thousands of dollars of compensation. We frequently get questions concerning the difference between the Rental Rate Blue Book and the AED Green Book.
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