So utilization within a reasonable range has some, but not a dominant, impact on your optimum maintenance cost target. 0000003069 00000 n endobj trailer << /Size 90 /Info 54 0 R /Root 59 0 R /Prev 552576 /ID[<487c800e2e24a56dcc86e14dce037d83><487c800e2e24a56dcc86e14dce037d83>] >> startxref 0 %%EOF 59 0 obj << /Pages 55 0 R /Type /Catalog /DefaultGray 56 0 R /DefaultRGB 57 0 R /Outlines 61 0 R /PageMode /UseOutlines >> endobj 88 0 obj << /S 183 /O 292 /Filter /FlateDecode /Length 89 0 R >> stream [a] The state of process technology, availability of applicable reference cost data, and many other risks affect the range markedly. The Most Overlooked Total Installed Cost (TIC) Items - An Integrated Consulting Article. "Accounting records – You or your customer likely have good records based on accounting standards as to what previous projects cost. In any given project size, engineering is close to both the industry average and the expected 18 percent of TIC for refining projects. Lang method A method that is slightly more detailed and therefore needs some more project information, is the so-called Lang method. 0000001482 00000 n As a thumb rule, for most Oil & Gas projects, typically, the engineering costs generally ranges between 5 and 15% of the overall CAPEX (Capital Expenditure), depending on the scope of engineering required, project size, complexity, brownfield / greenfield development etc. Project estimating is one of the most critical components of PM. stream 0000002101 00000 n The term ‘fees’ generally refers to payments made by the client to consultants for services under the terms of an agreement. 58 0 obj << /Linearized 1 /O 60 /H [ 1125 357 ] /L 553864 /E 32645 /N 9 /T 552586 >> endobj xref 58 32 0000000016 00000 n John P. Byrne, PMP, has over 20 years of experience in project management, and is currently a project/mechanical engineer at Progressive Design Inc., in Richmond, Va. 2 0 obj Project Definition & Detailed Engineering Cost Growth 0% 5% 10% 15% 20% 25% 30% Project A Project B Project C Project D Project E Mix Greenfield [l�����\��6����#0�o1�]Mr��\X*J������Q��j���#���9�].�����*�:���i4ԃO-��� u�e�=@�G������ۗUj��Dg���Uo�"���ʐ�UZ,s������L�� Cost (TIC): US$ 50 Million Location: New Mexico (US) Project Type: Central Distribution Point Project Description: FEED & Detailed Engineering • 200 MMscfd gas • 16,125 bpd condensate (NGL pipeline + condensate from gas pipeline) • 104,000 bpd oil. “End-to-end lifecycle.” Cost engineering is not a standalone activity; it must be an integral part of the full produce lifecycle, from initial ideation to ultimate disposal or recycling. Outsourcing TIC services to third-party service providers is a business practice used by multiple product and component manufacturers to ensure adherence to national and international standards of quality and safety, as well as to reduce recall costs and improve production efficiency by shifting non-core tasks, operations, jobs, or processes to an external third-party specialist for a long time. Structural engineer. <>/Metadata 1406 0 R/ViewerPreferences 1407 0 R>> The big scale of them is a part of what makes the career fun. 0000001769 00000 n percentage is developed by linear interpolation between the percentages listed and will be based on an estimated construction cost of . costs, which include “soft” costs such as engineering, permitting, and right of way acquisition, are given. Please note that while cost estimating in support of design-bid-build projects is covered in depth in this manual, there are certain other conditions, such as design-build project delivery, stream endobj Rick’s answer is correct, but I fear you question may have been different in that you are not quite sure what you mean by structure and finishes. 3 0 obj Figure 1,"Percent of Total Installed Cost vs. Project Size in Millions of Dollars," shows the result of applying a simple statisti-cal average across the entire project data population. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 960 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> The costs for differing capacities, configurations, techn… 2. Selecting engineering services for the apparent least cost is often false economy, and can be a disservice to the project and … 0000003048 00000 n Cost estimating and cost management tools continue to be developed and will be added to the department’s estimating tool box as they become available. ... Often a percentage of the cost is added to allow for items, conditions or events that will incur additional costs, and is estimated from statistical analysis or past project experience. MEP Design Fee (as percentage of General Construction) = … 0000001125 00000 n The core consultant team for most building projects will include: 1. 0000004666 00000 n For starters, the DCS platform is locked in place. Cost engineering is holistic in scope, considering all types of cost (e.g., capex and opex, together with recurring and non-recurring costs) across the entire value chain. Often, contractors will leave out essential additional costs, such as contingencies, taxes, delivery, fees, permits, design, etc. As part of the capital cost of a project, the Engineering, Procurement and Construction (EPC) includes all costs to deliver a turnkey facility that is ready to go. 0.25: 1.25: 9: Piping Labor as percent Direct Labor. and a corresponding fee of . I need to find out how much should be the engineering costs in the different project phases as a percentage of the total project cost (Total Installed Cost-TIC). The metrics are most commonly used for proportional […] 0000000987 00000 n x���Mk�@����9ځ�ff�!�U�P�i��C������)u����$�1Q������W/[��O�������S����Ct� ����A����'��We�,`&�V�ǯ����&��sN�������(g (�ى�b��LC 3�M�N�&o�!x�"����hD�B��>N�2@Q��uH Zx�u�o�"�l߄ic$�,6aP���u��,��770�r ��(��q��>�d� msU2�@U�.(�v�?��RU��\��L���~�z��mY��k��b�]���Ɯ�vʈ����*��C2�m�? They are generally paid in instalments based on regular dates or at pre-defined stages of completed work. 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