ATLANTA, June 14, 2018 /PRNewswire/ -- EquipmentWatch, the world leader in data, software, and insights for the heavy equipment industry, announced a new tool aimed at helping contractors better manage their internal fleet of equipment. The new Rate Group Report calculates size-class internal charge rates based on actual fleet assets, giving equipment managers better data for cost control and estimation.
Rate classes based on the best data available
Creating rate group reports starts with a simple upload of a contractor's equipment fleet. During the upload, EquipmentWatch automatically classifies every asset by category, subtype, and size class. The Rate Group Report then calculates size class-specific charge rates by averaging ownership and operating costs for each of the uploaded models (as determined by the Internal Charge Rate product). The result is a summary schedule of rates that can be used across the organization for rental and estimation purposes. Rate accuracy can be improved by providing additional information around purchase prices, annual use hours, fuel costs, and more.
Fleet insights that lead to better estimation and cost control
The Rate Group Report provides modern fleet managers with the information needed to confidently set equipment rates that keep the organization competitive and profitable. It also provides at-a-glance answers to the questions "What's the average age of a particular cat-class in my fleet?" and "How many similar assets do I have across my fleet?".
The new Rate Group Report has been made immediately available to subscribers of the "Small/Medium" or "Market Leader" EquipmentWatch plans. Other EquipmentWatch subscribers interested in adding Rate Groups to their existing plan can contact EquipmentWatch sales at 1-888-307-1713.
For additional information on EquipmentWatch, visit: https://equipmentwatch.com.
EquipmentWatch is the trusted source for heavy equipment data and intelligence. EquipmentWatch produces the leading database information products for the construction equipment industry and is the world leader in heavy construction research and serves more than 15,000 professional, high-volume users of construction and lift-truck data. Its products are valuable tools in decisions surrounding the purchase, valuation, operation, and disposal of equipment.
For nearly 50 years, EquipmentWatch has served contractors, equipment manufacturers, dealers, rental companies, lenders and insurers, and government agencies involved in heavy civil construction.
EquipmentWatch is part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster.
Informa has over 7,500 colleagues in more than 20 countries and a presence in all major geographies. It is listed on the London Stock Exchange and is a member of the FTSE 100.
Erin C. Kadzis
Product Marketing Manager, EquipmentWatch
(770) 618 - 0123