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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 1926.
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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 QuoteFinal cost estimate • requirement of a good estimate: • careful and detailed study of the design documents • intimate knowledge of the prices, availability, and characterist ics of • materials • construction equipment and • labor • functions of ~ are: • estimate the costs • fix the works to be accomplish (e.g. in a contract)
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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 1926.
WhatsAppGet PriceGet A Quoteestimates of capital and operating costs can be made. Chemical plants are built to make a profit, and an estimate of the investment required and the cost of production is needed before the profitability of a project can be assessed. Cost estimation is a specialized
WhatsAppGet PriceGet A Quote1. Estimate gives an idea of the cost of the work and hence its feasibility can be determined i.e. whether the project could be taken up with in the funds available or not. 2. Estimate gives an idea of time required for the completion of the work. 3. Estimate is required to invite the tenders and Quotations and to arrange contract. 4.
WhatsAppGet PriceGet A QuoteMini Cement Plant Cost Estimation Cement Factory for sale Product Description Introduce of cement production line The design of cement production line uses the most advanced five stage suspension preheater RSP/F decomposing furnace and cement rotary kiln The centralized control technology will be also used in computer automation system
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WhatsAppGet PriceGet A QuoteDetailed estimate requires the breakdown of project costs into the labor, material and equipment costs. Thus type of estimate need to have a design available to get such required details. This chapter introduces the details of estimating labor, equipment and material costs as the basis for detailed cost estimate of construction projects.
WhatsAppGet PriceGet A QuoteUnit costs for pay items which are not available have been estimated based on the Construction Cost Estimation Standard Book (Ministry of Land and Transportation, Japan). Unit costs as of January 2008 have been updated with costs as of June 2008 based on the price escalation ratio as mentioned under Section 13.2.1. 13.2.3 Construction Cost
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