COST ESTIMATING ( ENGINEERING DESIGN GUIDELINES) Page 5 of 131 Rev: 01 June 2014 They were designed for engineers to do preliminary young engineers or a resource for engineers with ex These design guideline are believed to be as accurate as possible, but are very general and not for specific design cases. Sorry, your blog cannot share posts by email. Estimating requires instinct based on experience. ( Log Out /  Friday, October 2, 2020 Page 1 Cost Estimating Process (Policy 3A-9 Cost Estimating Procedures 1) GDOT Engineering Services List of Acronyms: AASHTOWare = AASHTOWare Project Estimation DPL = Design Phase Leader ES = Engineering Services OFM = Office of Financial Management OPC = Office of Program Control OPD = Office of Program Delivery There are a variety of estimating formats used today, but the two most commonly used are MasterFormat and Uniformat. Cost Estimating Tool for Engineering and Design Services Online Training: IS-1013: Costing - Estimates and the Cost Estimating Format An overview of using the CEF tool and reporting requirements are located in the Cost Estimating Format Standard Operating Procedure . Return to Engineering Costs Civil Engineering projects (Public Works) cost a lot! vast, comprehensive tabulation of estimating cost data presented in the March 24, 1969 issue of Chemical Engineering magazine. stream 3 0 obj stream These rough percentages are very much high level indicative numbers, based on experience, to just help with a quick calculation of the total engineering costs. A greater quantity of initial dredging, associated with higher initial costs, would most likely lead to No matter how careful and expert the initial estimate, no matter how excellent the design, no matter how skilled the constructor, the unexpected is likely to occur and must be intelligently gaged in each estimate. Direct Costs. <> Variable costs can be greatly cut through optimization techniques and intelligent plant design (Towler and Sinnott, 2013). Breakeven point the operating - condition, such as output, at which two alternatives are equal in economy. Cost estimating is one of three activities performed in project cost management. designs and process specification sheets. The applicant's project management and design costs. These made use of key data contained within commonly used engineering tools to generate more accurate estimates through the use of algorithms and datasets. Difficulty also arises when estimating costs of human resources via resource costing or parametric estimating. ( Log Out /  Question 1. MEP Design Fee (as percentage of Architect’s fee) = 10%; MEP Design Fee = $5,000,000 x 10% = $500,000; Method 3 – Total Staff Requirements by MEP Consultant. <> FEMA Public Assistance Cost Estimating Tool for Engineering and Design Services (12/18/2015) 2 of 4 Figure 1: Engineering and Design Services of Above-Average Complexity . Realistic looking model gives design real look and feel straight out of the designed data, with no extra effort using separate visualization tool. Cost Estimating and Tricks of the Trade – A Practical Approach Timothy D. Blackburn, PE, MBA Course Content Course Introduction We as engineers, consultants, owner reps, and project managers are frequently asked to provide estimates. All information contained herein is subject to change upon further review by the U.S. Nuclear Regulatory ... B.5.1 Engineering Build-up Estimating … The various engineering scopes that could be included in any one or more engineering contractor’s scope of work could be as follows: The below tabulation shows typical indicative engineering costs for various projects with varying CAPEX values, Engineering Cost Thumb Rules (Excel Version) – free estimating resource. Cost estimating is one of the most important steps in project management. Excel engineering calculations for manufacturing and engineering. Staff costs (salary plus overhead) Principal: $150 per hour; Project Manager: $120 per hour; Senior Engineer: $100 per hour; Design Engineer: $75 per hour; CADD operator: $50 per hour Estimating methods & Techniques. Various estimating methods are described, including conceptual estimates, detailed “activity analysis” approaches, and a variety of parametric tools that forecast design costs based on other measures such as construction cost. The capability to compare and analyze costs of a process design is imperative to delivering your project within time and within budget. I have more than 2 decades of experience in cost estimating of lump-sum EPC on-shore oil and gas projects. 1 requirements for cost estimating at each design phase 14 2 standard site and design contingency guidelines 14 3 cost estimating tasking matrix 54-57 list of figures 1 calculation of mark-ups, contingencies, and escalation 17 2 general construction cost review guide (GCCRG) 19 3 example of a PCE Project Cost Summary 20 The cost-estimating tasks addressed in this document must establish accurate project costs, ensure that they are based on programming requirements, keep costs … Total fixed costs = 80 + 75 + 20 + 50 = $225. MEP Design Fee (as percentage of Architect’s fee) = 10%; MEP Design Fee = $5,000,000 x 10% = $500,000; Method 3 – Total Staff Requirements by MEP Consultant. endobj 1. Enter your email address to follow this blog and receive notifications of new posts by email. Total variable costs = 12.50 + 7.50 = $20 per person Value engineering is one of the most commonly misunderstood processes in the world of cost estimating. Estimating the surface area of a room or the number of marbles in a jar is relatively easy and can be done quite accurately with simple rules of thumb. Sometimes a very rough high level engineering cost for a future project might be needed for budget approvals, initial planning, contracting strategy discussions, benchmarking of bid prices or negotiating with the engineering contractors. <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 720 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The percentage will be at the lower end for a larger project (higher CAPEX) and will tend to be at the higher end for smaller CAPEX projects. Engineering Costs and Cost Estimating Estimating Costs: Per-Unit Model WBS Model Cost Indices Estimating Benefits Cash Flow Diagrams 3. This means we strip out any design costs or management fees that the other consultant may have included in their estimate, leaving only the cost for a contractor to do the work. GENERAL PROCESS PLANT COST ESTIMATING ( ENGINEERING DESIGN GUIDELINE) Page 14 of 119. A cost engineering reference book has chapters on capital investment cost estimation and operating cost estimation. There are many costs associated with a building project besides just the money directly needed for the construction itself. Two most commonly used engineering tools to generate more accurate estimates through the use of algorithms and datasets have solutions... Than 2 decades of experience in cost estimating ” of Technology estimate is prepared in accordance with 1110-2-1302... Is 2502: 1999 Environmental engineering building at the planning, product design engineering... 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