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Channel: Glossary Terms Archive - EquipmentWatch
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Cost Reference Guide

The Cost Reference Guide is a former EquipmentWatch publication that served as a guide to ownership and operating costs for construction equipment manufactured within the past five years. The...

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Custom Cost Evaluator

The Custom Cost Evaluator is now known as the EquipmentWatch Internal Charge Rate Calculator. It is a comprehensive guide to ownership and operating costs for construction equipment manufactured within...

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Working With On-Highway Trucks

Finding Trucks in the System In order to represent the numerous options, extras and body styles on the market, Blue Book rates for on-highway trucks are configured from the Miscellaneous On-Highway...

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API

An API, or application programming interface, is a data delivery mechanism that allows for data from one source (EquipmentWatch in this case) to be embedded into the application of a third party. The...

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Orderly Liquidation Value

Orderly Liquidation Value (OLV) is the monetary value of an asset that can be expected in a transaction with a single seller given a reasonable amount of time to find one or more purchasers of a...

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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...

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Rate Groups & Reports

If you’re new to EquipmentWatch and just starting out working within app.equipmentwatch.com, please review how to begin your experience using the Search 2.0 Product Guide. Introduction to Rate Group...

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VIDEO: Getting Started

1. Searching for Equipment https://equipmentwatch.com/wp-content/uploads/equipmentwatch-searching-for-equipment.mp4 2. Saved Models and Groups...

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Search 2.0

Introduction to Search 2.0 Search 2.0 is a customer-driven enhancement designed to provide a better all-around user experience. It was launched on Friday, March 22nd 2019. Through customer...

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Residual Value

Residual Value represents the worth of a piece of equipment at the end of a given term (e.g. multi-year lease or useful life). A high residual value generally shows that a machine has been successful...

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