These published values represent standardized costs for owning and operating construction machinery. They provide hourly, weekly, and monthly figures encompassing expenses like depreciation, fuel, maintenance, and insurance. For example, the stated rate for a specific model of excavator might be $75 per hour, reflecting the calculated cost of operating that machine, regardless of the actual project’s specifics.
The significance of these established values lies in facilitating fair pricing and accurate budgeting within the construction industry. They serve as a neutral reference point when negotiating contracts, estimating project costs, and determining equipment rental fees. Historically, access to this standardized information has promoted transparency and reduced disputes related to machinery expenses.
