Section 12.26 Equipment Costs

• Library: Construction Law 2016 Supp

7. (§12.26) Equipment Costs

Delay frequently results in idle equipment, which is an incurred cost whether owned or rented. When equipment cost records are maintained or the equipment is rented, that undoubtedly will be the primary source of the cost, recognizing that the cost chargeable for owned idle equipment is different than the cost of equipment being used. Factors to consider in determining that cost include maintenance, repairs, storage, depreciation, shop costs, insurance, and other costs...