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Calculating time basis of rates.
Equipment rental rates daily weekly monthly. Cat 963b lgp trac loader. The trends and analysis of daily weekly and monthly retail rental rates. Rental rates can also be treated as reimbursement costs for contractor owned equipment. If the equipment is rented by the day the rate for overtime is one eighth of the daily rate for each hour in excess of eight.
These rates are based upon the contractor furnishing the complete tools and equipment for an entire job. Cat 936f wheel loader. Equipment rates are shown on a daily weekly and monthly basis. 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.
They are not intended for casual rentals. Weekly rental rates are about 1 3 the monthly rates and daily rental rates are about 1 3 the weekly rate. It is the general practice in the industry to base rates upon one shift of 8 hours per day 40 hours per week or 176 hours per month of a 30 day consecutive period.
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