Investment cost management

After reading this article you will..

• Understand that the engineering work defines the equipment and contributes to quantities for equipment lists that form the baseline of the investment cost estimates
• Understand that the cost estimation preparation includes input from all areas of engineering
• Learn that the cost estimates have a “best before date”, as the currencies and indexed cost may vary significantly during the course of time
• Know that the indirect costs can be a significant cost component
• Know that the contingencies are part of the investment cost estimates