COST ESTIMATION Cost Indexes Present Cost=(original cost at time t)* • Marshall and Swift. 1. All industry-equipment index. Arithmetic average of 47 equipment types. 2. Process-industry equipment index. Weighted average of 8 of these: cement 2% paint 5% chemicals 48% paper 10% clay products 2% petroleum 22% glass 3% rubber 8% M&S was 100 in
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WhatsAppGet PriceGet A QuoteFactors Affecting Construction Cost Estimation. The final cost of those similar projects can give the idea for the new construction project cost calculation The final cost of past project needs to be factored with current construction cost indices 2 Construction Material Costs Construction material cost consists of material cost, shipping charges and taxes applicable if any
WhatsAppGet PriceGet A QuoteThe different estimation methods: cement, iron. HERVE BARON Cost estimate of Oil & gas facilities account neither market conditions nor plant location (labour cost) • Capacity factored C1/C2 = (P1/P2) e e ~ 0.6 Ci: Cost of facility with product
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WhatsAppGet PriceGet A Quote• Potential bias of supplier/cement plant operator inputs given different agendas • Developing an accurate cost estimation requires significant time and money Preliminary estimate • Site specific issues critical – E.g. land costs, type of raw limestone, access to utilities
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WhatsAppGet PriceGet A Quote9.4 Estimation of Direct Project Costs 9-3 9.4.1 Estimation of Civil Costs 9-4 9.4.2 Estimation of Costs of Hydraulic Steel Structure Equipment 9-9 9.4.3 Estimation of Costs of Electro-mechanical Equipment 9-10 9.4.4 Estimation of Costs of Electrical Equipment 9-11 9.5 Estimation of Indirect Project Costs and Contingencies 9-12 9.5.1
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