Rental Decision Point™
A proprietary EquipmentWatch metric that answers the key equipment manager question: for any given project, should I used an owned asset or a rented asset?
Calculating Time Basis of Rates
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.
The freight rates in the schedule are typically Free on Board from the lessor’s warehouse or shipping point.
On local rentals the equipment rental period most often starts when equipment leaves the lessor’s warehouse and stops when it is returned to the warehouse.