An API, or application programming interface, is a data delivery mechanism that allows for data from one source (EquipmentWatch in this case) to be embedded into the application of a third party. The major benefit to APIs are the following: Workflow efficiency gains Derivative products The EquipmentWatch API, specifically, is an API composed of the […]
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.
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?
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.