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ACEL Rates 24th Edition
Course: Civil Engineering
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University: Bicol University
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ASSOCIATION OF CARRIERS AND EQUIPMENT LESSORS (ACEL), INC.
EQUIPMENT GUIDE BOOK EDITION 24
The 24th edition of the ACEL Equipment Guidebook has been updated to conform to the volatility of the changing market .
Industry experts and association members have been consulted to come up with the best possible approach for the computation
of rates that would approximate the lessor's operating cost and other incidentals. We have factored in such variables like acquisition
cost, depreciation, spare parts replacement costs, operators wages, full dollar fluctuations and interest rates, ect.
As in our earlier edition we are using dollar rates for the computation and we have considered factors like equipment rating,
testing and standardization cost. Another fomulais used for light and medium equipment. Basic reference to the average
utilization per year for type of equipment have been incorporated and useful features such as economic life, tire and undercarriage
life and salvage factor have been sourced from a reputable cost reference and included in the formulation for a more realistic
approach in the estimation of recovery instrument.
The rates listed are based on five (5) year old equipment and such rates are mere standards. This being the case actual
rates may vary depending on worksite condition, age and availability of equipment to be used and the attachments needed.
the rates of new and slightly used equipment shall equal the prevailing rates multiplied by the factors listed below:
ASSOCIATION OF CARRIERS AND EQUIPMENT LESSORS (ACEL), INC.
EQUIPMENT GUIDE BOOK EDITION 25
The 24th edition of the ACEL Equipment Guidebook has been updated to conform to the volatility of the changing market .
Industry experts and association members have been consulted to come up with the best possible approach for the computation
of rates that would approximate the lessor's operating cost and other incidentals. We have factored in such variables like acquisition
cost, depreciation, spare parts replacement costs, operators wages, full dollar fluctuations and interest rates, ect.
As in our earlier edition we are using dollar rates for the computation and we have considered factors like equipment rating,
testing and standardization cost. Another fomulais used for light and medium equipment. Basic reference to the average
utilization per year for type of equipment have been incorporated and useful features such as economic life, tire and undercarriage
life and salvage factor have been sourced from a reputable cost reference and included in the formulation for a more realistic
approach in the estimation of recovery instrument.
The rates listed are based on five (5) year old equipment and such rates are mere standards. This being the case actual
rates may vary depending on worksite condition, age and availability of equipment to be used and the attachments needed.
the rates of new and slightly used equipment shall equal the prevailing rates multiplied by the factors listed below:
ACEL has delisted equipment which are twenty (20) years old or more, specifically with earthmoving equipment. However,
these rates can be requested from the ACEL Secretariat. All brand new models listed in the Guidebook are equipped with
internationally accepted safety devices in accordance with the requirements of the Department of Labor and Employment (DOLE)
Order No. 13, Series of 1998 on Guidelines Governing Occupational Safety and Health in the Construction Industry.
All illustrations and trademarks of manufacturers have been reproduced by photo offset method from originals.
"The Equipment Specification Guide Section" is intended for information purposes and should not be construed to depict
contrary representation.
Government agecies like the Department of Public Works and Highways (DPWH) , National Irrigation Administration (NIA) ,
Department of Interior and Local Government (DILG) , etc.) have endorsed the Equipment Guidebook as basis for project cost
estimates.
ACEL acknowledge that the Guidebook is a collaboration effort of its members and the different suppliers and dealers of
construction and allied equipment. Updating of the guidebook is a continuing process and new edition will be released as
needed.
The upscale in construction activities in the mid-sixties was the start of the glory years of the construction industry. Massive
infrastructure development was being done in various sectors such as power, irrigation, transport, commercial, housing and real
estate development, etc. The upbeat scenario was a most welcome development but obstacles were inevitable.
The formidable challenge of meeting the demands of the time called for a pooling of all possible resources and one of the more
immediate problems that surfaced was the dearth and serviceability of the construction equipment in use during that time.
Due to the prohibitive cost of acquiring brand new equipment, or even second hand units, for that matter, the contractors bonded
together to come up with a workable plan to address the shortage of equipment.
Eight (8) Charter Members were the pioneer members of ACEL and these companies were the following: H. R. Lopez, Inc.;
Monark International, Inc.; Heights Construction, Inc.; Alas Contruction, Inc.; Bormaheco, Inc.; Pacific Equipment
Corporation; Dimson (Manila), Inc.; and Heavy equipment Service Co., Inc.
PREFACE
PREFACE
PROFILE
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