How to calculate 'Standby Rates' for a 500-ton crane on a government contract?
Calculate standby rates at 75-85% of operating hourly rate, typically $750-850/hour for a 500-ton crane on government contracts.
Standby rates for a 500-ton crane on government contracts typically range from 75-85% of the standard operating hourly rate. For a crane with an operating rate of $1,000-1,200 per hour, expect standby rates of $750-1,020 hourly. Government contracts often specify minimum standby periods and may require different rates for scheduled versus unscheduled delays.
Remember: "500-ton Standby: 3/4 to 4/5 rate, $750-850 - Government Grade"
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