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EQUIPMENT HOURLY COST CALCULATOR

​This calculator will give you an estimated hourly cost rate for your equipment to use in estimating project cost.  The cost rate it gives you will enable you to use a rate that will cover the cost of the equipment in order to replace it in however many years you plan on replacing it as well as a good cost rate for estimating that will cover the cost of your equipment.

BASE COST
  • Enter the value or purchase price of equipment
  • If your purchasing, enter the tax rate and interest rate of loan
  • If your financing, enter the number of payments
  • Enter the scrap value or if you plan on keeping "x" number of years, the estimated value of what you can sell it or trade it for.  
  • Enter the yearly cost to ensure your piece of equipment
OPERATING COST
  • Enter the salary of your operator if you want.  If you want a closer hourly operating cost, make sure you add the burden to your labor rate(work comp,ins,fica, etc, usually around 30-35%)  if your not interested leave operator salary at 0
  • Enter the fuel price if you want, if not leave at 0
  • Enter the fuel consumption rate per hour of your piece of equipment if you want, if not leave at 0
  • If you want, enter estimated yearly maintenance and repair costs, if not leave it at 0
USAGE AND TIME YOUR GOING TO KEEP EQUIPMENT
  • Enter how many years you plan to keep the equipment
  • Enter how many hours per year your equipment will be actually running and used.
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