Development of Equipment Rental Schedule for Illinois

During highway construction, the contractor is paid via measured-in-place quantities for various pay item work per terms of their contract with the Illinois Department of Transportation. Additional work not shown on the design plans is sometimes necessary to successfully complete the project. When this takes place, the contractor is paid for their labor, material and equipment costs per hour. Contractor-owned equipment reimbursement is currently reimbursed via Federal Highway Administration’s hourly rate for the specific equipment used per EquipmentWatch’s "Rental Rate Blue Book," which is accessible only through a subscription. This project will develop and implement a web-based rate schedule that is user-friendly and accurately reflects ownership and operating costs for various categories of heavy, medium, and light construction equipment typically used on road and bridge construction projects. The project will better ensure that rates provided for contractor-owned equipment reimbursement accurately reflect the true ownership and operating costs of said equipment in Illinois as well as provide small businesses with a way to do business with IDOT without incurring a large cost for service.

Language

• English

Project

• Status: Active
• Funding: $262500
• Contract Numbers:

  R27-254

• Sponsor Organizations:

  Illinois Department of Transportation

  Bureau of Materials and Physical Research
  126 East Ash Street
  Springfield, IL  United States  62704-4766
• Managing Organizations:

  University of Illinois, Urbana-Champaign

  Illinois Center for Transportation
  1611 Titan Drive
  Rantoul, IL  United States  61866
• Principal Investigators:

  Bian, Zheyong

  Dong, Sasha

  Wang, Ziteng

• Start Date: 20220816
• Expected Completion Date: 20240815
• Actual Completion Date: 0

Subject/Index Terms

• TRT Terms: Bridge construction; Construction equipment; Contractors; Costs; Operating costs; Ownership, leasing and rental; Rates; Road construction
• Geographic Terms: Illinois
• Subject Areas: Administration and Management; Construction; Finance; Highways; Vehicles and Equipment;

Filing Info

• Accession Number: 01853990
• Record Type: Research project
• Source Agency: Illinois Department of Transportation
• Contract Numbers: R27-254
• Files: RIP, STATEDOT
• Created Date: Aug 8 2022 10:52AM