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Costs engineered

E. D. Clark and A. B. Tox. mons, Applied Cost Engineering 2nd ed., Marcel Dekker, New York, 1978. [Pg.452]

K. K. Humphreys and S. Kated, Basic Cost Engineering Marcel Dekker, New York, 1981. [Pg.452]

C. A. Miller, Modem Cost Engineering Methods andData, McGraw-Hid Book Co., Inc., New York, 1979. [Pg.452]

The first stage toward producing an accurate estimate is to use a standard cost code for all construction projects. Table 9-45 shows a suitable numerical cost code, and Table 9-46 shows a typical alphabetical-numerical code. The cost-code system can be used throughout the estimating and construction stages for the collection of cost data by manual or computer methods. There are numerous types of fixed-capital-cost estimates, but in 1958 the American Association of Cost Engineers defined five types as follows ... [Pg.862]

These methods have become increasingly popular. While they are similar to the preceding methods, labor ana materials costs are considered separately. Hence it is possible to allow for variations in efficiency and labor costs in different locahties or countries. H. C. Bauman Fundamentals of Cost Engineering in the Chemical Indus-tiy. Van Nostrand Reinhold, New York, 1964, p. 295) divides most of the components of Table 9-51 into material and labor components, quoting the data as ranges and medians of the percentage of the total fixed-capital investment. In Table 9-54, Bauman s data have been converted to factors of the delivered-equipment cost for a grass-roots installation. [Pg.866]

Courtesy C. A. Miller of Canadian Industries Ltd. and the American Association of Cost Engineers. [Pg.869]

At the end of each month, the field cost engineer collects all current information on a detailed cost report form. As these are actual costs, they can be used to estimate future job costs to completion. Daily reports of unit-cost progress for concrete, excavation, masonry, steel, piping, and electrical work, etc., are then used to predict possible overruns or underruns for the various items. Analysis and comparison with the original estimate point out trouble spots for early attention. If an item is running into difficulty, it is red-flagged to the resident and projec t engineers for remedial action. [Pg.875]

Garrett, D. E. (1989). Chemical engineering econmics. Van Nostrand Reinhold, New York. Humphreys, K, K., and Wellman, P. (1996). Basic cost engineering. Third Edition. Marcel Dekker, New York. [Pg.308]

Chilton, C. H., . x 7en(/i5 Factot Applies to Complete Plant Costs. Chem. Eng., reprinted in Cost Engineering in the Process Industries Estimation, McGraw-Hill Book Co., 1960. [Pg.49]

The format of the cost estimate is just as important as the content The format can make a difference when proving whether or not the content is accurate. Therefore, the refiner should require that the cont tor present cost estimates in a format that is easy to understand and analyze. In addition, the refiner s cost engineer should independently review the cost estimate to ensure its accuracy and applicability, and also to determine the conting y amounts that the owner should maintain in his funding plans. [Pg.209]

There are a number of attempts to provide quantitative answers in the htera-ture, but these are generally flawed from either a cost engineering or chemical engineering perspective and their results should be treated with extreme caution. This caveat notwithstanding, it is probably reasonable to say that for most products the threshold hes in the range of 1000—10 000 tonne per year process stream (not product) rate. The threshold value will not, however, be the same for aU products, processes, operating sites, and so on. [Pg.325]

Nelson Refinery Construction Cost Engineering and News Record Construction Oil and Gas Journal... [Pg.240]

Engineering and News Record Building Cost Engineering News Record... [Pg.240]

Source Miller, C.A. Factor Estimating Refined for Appropriation of Funds, American Association of Cost Engineers Bulletin, Sept. 1965, p. 92. [Pg.251]

Miller claims that if the basic equipment estimate has an accuracy of 10%, the most likely plant estimate should have an accuracy of 14%. This is much better than the ratio or Lang estimates, and considerably more accurate than Nichols said was possible with this type of data. 12 He claimed that there is a direct correlation between the cost of an estimate and its probable accuracy. Ever since he stated this in 1951, cost engineers have been trying to prove him wrong. [Pg.254]

Hensley, E.F. The Unit Operations Approach, a paper presented at the American Association of Cost Engineers Annual Meeting, 1%7. [Pg.276]

Popper, H. Modern Cost-Engineering Techniques, McGraw-Hill, New York, 1970. [Pg.276]

Chilton, C. (ed.) Cost Engineering in the Process Industries, McGraw-Hill, New York, 1960. Bauman, H.C. Fundamentals of Cost Engineering in the Chemical Industries, Reinhold, New York,... [Pg.276]

From the cost information, cost engineers can update their estimates so that future estimates will be more reliable. The planners can similarly update their time estimates. Even though this costs money, it is the best way a company can improve its predictive ability for future projects, as well as maintaining control over the current job. [Pg.380]

Paek, J. H., 1996, Pricing the Risk of Liability Associated with Environmental Clean-up Projects Transactions of American Association of Cost Engineers, cc4.1-cc4.5. [Pg.350]

One method proposed for estimating the cost of fuel cell power plants is to calculate distributive (bulk) costs as a function of the equipment cost using established factors based on conventional generating technologies. When applied in such a way as to compensate for the differences associated with a fuel cell plant, this approach can yield reasonable results. NETL has elected, based on the international prominence of the Association for the Advancement of Cost Engineering (AACE), to utilize this approach in estimating the costs for fuel cell/turbine power plant systems currently under study. [Pg.319]

Figure 2.2 Models live on a plane of error and cost. Engineers generally use lower cost, higher... Figure 2.2 Models live on a plane of error and cost. Engineers generally use lower cost, higher...
Humphreys, K.K., and Wellman, P., Basic Cost Engineering, 2nd Edn, Marcel Dekker,... [Pg.96]

Modern Cost Engineering Methods and Data, Volume I (1979) aid Volume II (1984), reprints of papers from Chemical Engineering, McGraw-Hill Publications, New York. [Pg.96]


See other pages where Costs engineered is mentioned: [Pg.202]    [Pg.220]    [Pg.803]    [Pg.803]    [Pg.863]    [Pg.872]    [Pg.875]    [Pg.875]    [Pg.2170]    [Pg.178]    [Pg.23]    [Pg.240]    [Pg.253]    [Pg.264]    [Pg.277]    [Pg.495]    [Pg.238]    [Pg.247]    [Pg.52]    [Pg.220]    [Pg.22]    [Pg.352]   
See also in sourсe #XX -- [ Pg.78 , Pg.79 ]




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