Glossary Terms

Residual Value represents the worth of a piece of equipment at the end of a given term (e.g. multi-year lease or useful life). A high residual value generally shows that a machine has been [...]

1. Searching for Equipment 2. Saved Models and Groups 3. Custom Rate Walkthrough

If you’re new to EquipmentWatch and just starting out working within app.equipmentwatch.com, please review how to begin your experience using the Search 2.0 Product Guide. Introduction to Rate [...]

Idling rates refer to any instance in which a piece of equipment is located on a jobsite and the engine is burning fuel, but no ground engaging or other components are actively engaged in [...]

Orderly Liquidation Value (OLV) is the monetary value of an asset that can be expected in a transaction with a single seller given a reasonable amount of time to find one or more purchasers of a [...]

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. [...]

Finding Trucks in the System In order to represent the numerous options, extras and body styles on the market, Blue Book rates for on-highway trucks are configured from the Miscellaneous [...]

The Custom Cost Evaluator is now known as the EquipmentWatch Internal Charge Rate Calculator.

The Cost Reference Guide is a former EquipmentWatch publication that served as a guide to ownership and operating costs for construction equipment manufactured within the past five years.