Basic Cost Engineering, Third EditionThis work focuses on the application of fundamental cost engineering principles to the capital and operating costs estimation of major projects. It provides detailed coverage of profitability, risk, and sensitivity analysis. This third edition: discusses novel strategies for calculating preliminary estimates using MasterFormat; presents new information on estimating the retrofitting and extension of existing plants; contains current international cost data; and more.;A solutions manual is available to instructors only. |
Contents
An Overview | 3 |
Classification of Capital Cost Estimates | 30 |
Organizing the Capital Estimate | 47 |
Conceptual Estimating Using MasterFormat 61 9 | 61 |
Retrofitting and Expansion of Existing Plants 95 55 | 95 |
Labor Estimates | 101 |
Importance of the Capital Estimate | 109 |
Sources of International Cost Data | 115 |
Construction to Operation | 207 |
An Overview | 213 |
LifeCycle Costing and Sensitivity Analysis | 229 |
The Finished Report | 245 |
A Cost Engineering Terminology | 253 |
B Design and Costing Specifications for Equipment | 277 |
Bibliography | 319 |
E Answers to Selected Problems | 331 |
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Common terms and phrases
AACE alternative and/or annual series Compound AREA sq ft average breakdown structure breakeven building bulk accounts calculated CAPACITY Ib/hr CAPACITY tph capital estimate Capital recovery factor cash flow centrifugal Chemical complete Compound Interest Factors Construction Specifications Institute contingency contractor cost data Cost Engineering Cost Index depreciation determine DIAMETER discounted cash flow Division economic electrical equipment cost expense facilities factor factor worth factor worth factor factored estimate flowsheet HEAT EXCHANGER HORSEPOWER hp HVAC installation labor costs maintenance Manufacture MasterFormat megaproject method motor operating cost estimate overhead Pareto Principle payment Uniform annual period piping preliminary estimate present value present worth PRESSURE psig profitability Project Management Institute psig pump R.S. Means rate of return ratio raw materials recovery factor i(1 retrofit semivariable sensitivity analysis Single payment Uniform specific steam Table tank temperature Uniform annual series unit utility workhours