Idling Rates

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 meaningful work.

Idling Rates in the MagikMe Equipment Cost Recovery Guide are by default the hourly cost associated with an asset idling.

The hourly idling rates are calculated as:

Hourly depreciation cost + hourly overhaul cost + hourly cost of facilities capital + hourly indirect cost + hourly fuel cost

Alternatively, the hourly idling rates can also be estimated as:

(Monthly ownership cost / 176 ) + hourly fuel costs

Where 176 is the FHWA standard for equipment working hours available in a month.