Price complex plant projects in days,
not weeks.
A structured engineering cost estimation tool built for process plants. Build CapEx budgets, reuse previous quotations, reprice transparently, and move directly from estimate into live supplier sourcing — all in one connected platform.
The problem
Engineering cost estimation is still done in spreadsheets.
Process engineers and CapEx teams spend weeks rebuilding estimates that already exist somewhere else — buried in old Excel files, email threads, and PDF quotations from previous projects.
Rebuilding cost estimates from scratch for every project
Reuse any previous quotation. Reprice it against current indices in seconds — not weeks.
Cost estimates buried in Excel files with no audit trail
Every price has a documented basis: source, date, normalization factors, and who changed it.
No clear picture of which line items are priced vs still exposed
A live cost dashboard separates firm quotes from indicative estimates — at a glance.
Chasing suppliers for budgetary quotes on every new project
Only request fresh quotes where you have no existing basis. Send them directly from the cost plan.
Cost range collapses to a single number and loses context
Every workspace shows a transparent cost range with contingency — tied to your FEED maturity stage.
No structured hand-off from estimating to procurement
Select any line items and convert them into live RFQs — scope, intent, and deadline in one click.
What it does
A costing tool built for how engineers actually work
Not a generic budgeting tool. Not another ERP module. A purpose-built engineering cost estimator that matches process industry workflows.
Plant system hierarchy
Organise your estimate into areas, packages, and individual line items — the same structure your engineers already think in. Reactors, utilities, instrumentation, civil works — anything.
Historical quotation library
Upload previous vendor quotes and let the platform extract pricing data. Every stored quote becomes a reusable basis for future repricing — with full traceability.
Transparent repricing engine
A deterministic 11-step normalization engine adjusts for FX rates, cost indices (CEPCI, Nelson-Farrar), geography, incoterms, quantity, and scope. Every adjustment is shown. Nothing is hidden.
Maturity-linked cost ranges
Estimates are tied to your project stage — Concept, Pre-FEED, FEED, Detailed. The platform applies industry-standard contingency ranges and narrows them as your basis evidence improves.
Live cost dashboard
See total estimated cost, supplier-backed values, awarded commitments, and unquoted exposure in real time. Take a formal snapshot at any milestone to lock in a point-in-time cost position.
Costing-to-RFQ in one click
Select the items that need fresh pricing and convert them directly to a live RFQ. Suppliers receive a structured request. Quotations come back into your comparison view automatically.
Your past quotations are your most valuable pricing asset.
Every vendor quote you have ever received — for a reactor, a heat exchanger, a skid package, an instrumentation scope — is a defensible data point for your next project. The Historical Quotation Library lets you store, index, reprice, and reuse them automatically across every future estimate.
How your estimate matures — from concept to procurement
Conceptual design
You have a process flow and a rough equipment list. Historical quotes from similar projects give you a defensible order-of-magnitude budget in hours — not weeks of supplier outreach.
Basic engineering
P&IDs are firming up and equipment specs are developing. Reprice your library quotes against current CEPCI and FX rates. Request budgetary quotes only where gaps remain.
FEED / Detailed design
Datasheets are issued and scope is defined. Layer fresh vendor quotations over your repriced base. The cost range tightens as firm pricing replaces indicative estimates.
Procurement
Convert remaining open items directly to RFQs. Received quotations automatically update your cost position. By the time you place orders, your estimate is almost entirely supplier-backed.
As engineering detail increases, you layer fresh vendor pricing over your repriced historical base. By procurement stage, most line items are backed by actual supplier quotes — and your pricing error has collapsed from ±50% to under ±10%.
Upload once, reuse forever
Every quotation you upload — PDF, Excel, or structured data — is extracted, indexed, and available to any future project. A reactor quoted 18 months ago becomes a valid starting point for your next plant.
Automatic normalization
The repricing engine adjusts for currency, cost index (CEPCI, Nelson-Farrar), geography, incoterms, quantity scaling, and date. Every adjustment is shown — nothing is a black box.
Full traceability on every price
Every repriced value carries a documented chain: original quote → supplier → date → normalization factors applied → resulting value. Auditors and project sponsors see exactly where every number comes from.
Know exactly where your gaps are
The cost dashboard separates firm quotes, repriced estimates, indicative values, and unquoted items. You always know which line items need fresh pricing — and which are already defensible.
A real scenario
Your engineering team completed the conceptual design for a new API manufacturing facility. The equipment list has 80 items. You need a CapEx budget for the board within two weeks.
Without ChemCapital: weeks of emailing suppliers for budgetary quotes, compiling spreadsheets, arguing about FX rates, and manually adjusting old prices. Half the items end up as guesses.
With ChemCapital: pull matching quotations from your library, reprice them to today's date and currency in one click, identify the 15 items that genuinely need fresh supplier input, send those RFQs directly from the platform. A defensible, auditable cost estimate in days — with every number traced back to its source.
Stop rebuilding cost estimates from scratch. Start compounding your pricing data.
How it works
From blank project to live RFQ in five steps
A complete, connected workflow — from building the estimate hierarchy to sending supplier quotation requests — without leaving the platform.
Create a cost plan workspace
Start a new cost plan — name it, set the project stage (Concept / Pre-FEED / FEED / Detailed), select the target currency, and optionally link it to an existing procurement project. Standalone workspaces are supported too.
Build your plant structure
Add areas, packages, and line items that reflect your actual plant system hierarchy. Each item carries a description, tag number, equipment type, quantity, and technical notes. There is no fixed template — the structure is yours.
Set the pricing basis for each item
For each line item, record the pricing basis: indicative, historical quote, repriced from library, budgetary vendor quote, or firm quotation. Upload the source document, set the origin date and currency, and the normalization engine adjusts it to your target currency and date automatically.
Review cost totals and take snapshots
The cost dashboard aggregates everything in real time — total estimated, supplier-backed, awarded, and unquoted exposure. Take formal cost snapshots at every project gate or milestone to create an auditable cost history.
Convert selected items into live RFQs
When you need fresh budgetary or firm pricing, select the relevant line items and generate a live RFQ directly from the cost plan. Received quotations are linked back to the cost plan, so accepted prices update your estimate automatically.
70%
Less time spent on budgetary estimate preparation
100%
Of cost basis changes documented and traceable
2–3 days
To price a 100-item equipment package from historical data
0 spreadsheets
Required to maintain a live project cost position
Who uses it
Built for the process industries
Whether you are budgeting a FEED package, managing a brownfield expansion, or running procurement for a multi-discipline capital project — Project Costing is designed to fit your workflow.
FEED-stage CapEx estimation
Price a full process plant from P&IDs to equipment list. Maintain a transparent, auditable CapEx position from concept through detailed design.
Brownfield expansion budgeting
Reuse quotations from previous similar projects. Reprice them against current indices and adjust for scope differences — without rebuilding from scratch.
Multi-discipline package management
Organise mechanical, instrumentation, civil, and electrical packages into a single coordinated estimate. Track which items are priced and which are still exposed.
Procurement handoff
When the estimate matures, convert open items directly to RFQs. Keep the cost plan live through procurement so actual received prices replace estimates automatically.
End-to-end workflow
The complete procurement loop — from estimate to delivered order
Project Costing is not a standalone tool. It is the entry point of a connected procurement platform. Every estimate flows naturally into sourcing, comparison, purchase order, and delivery tracking.
Cost Estimate
Area / package / item hierarchy
Reprice & Refine
Historical quotes + normalization
Convert to RFQ
Selected items → live RFQ
Compare Quotes
AI-scored comparison view
Issue PO & Track
Formal order + milestones
Pricing
Project Costing is included in all Procurement plans.
No separate licence. No add-on fee. Project Costing — along with RFQs, quotation comparison, purchase orders, and order tracking — is included as part of a single Procurement subscription from EUR 99 per user per month.
Free Workspace
Free
1 workspace · 100 line items · after trial
Micro
EUR 99 / user
5 workspaces · 500 items / workspace
Small
EUR 249 / user
15 workspaces · 2,000 items / workspace
Mid-Market
EUR 749 / user
Unlimited workspaces and items
Ready to retire the spreadsheet?
Start your 14-day free trial and see how fast you can build a transparent, auditable CapEx estimate for your next project.
No credit card required. Full Project Costing access during trial.