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Tag: capital cost estimating

All articles tagged with "capital cost estimating".

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New stainless steel vessels and a pipe rack being installed beside older storage tanks and a scaffolded column at a chemical plant
Cost EstimatingFor everyone

Contingency in Cost Estimates: How Much at Each AACE Class

AACE sets no contingency percentage per estimate class. What contingency covers, why it shrinks, how to set it at P50 or P80, and a worked Class 3 example.

7 min read
New stainless steel vessels, a heat exchanger and pump skids staged in a laydown yard before installation
Cost EstimatingFor everyone

Lang Factor Method Explained: From Equipment Cost to Plant Cost

The Lang factor turns a list of equipment prices into a first estimate of plant cost. Here are the factors, the formula, the accuracy and where it goes wrong.

5 min read