Glossary of construction cost estimating
Know MoreEquipment - (1) a category of cost for organizing and summarizing costs, (2) construction equipment used to execute the project work, (3) engineered equipment such as pumps or tanks Escalation is defined as changes in the cost or price of specific goods or services in a given economy over a period...
Rental Rate Blue Book / Cost Recovery
Know MoreIntroduction to Cost Recovery (Rental Rate Blue Book) The Rental Rate Blue Book is a comprehensive guide to cost recovery for construction equipment Rates listed in the Rental Rate Blue Book are intended as a guide to determine the amount an equipment owner should charge in order to recover equipment-related ownership and operating costs...