Capital cost estimating – owner’s costs in an EPC project delivery method
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Transcript of Capital cost estimating – owner’s costs in an EPC project delivery method
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C A P I T A L C O S T E S T I M A T I N G –
O W N E R ’ S C O S T S I N A N E P C P R O J E C T
D E L I V E R Y M E T H O D
D O I N A D O B R E
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W H A T A R E O W N E R ’ S C O S T S
I N A N E P C C A P I T A L P R O J E C T ?
Generally speaking, I would say that the Owner’s costs are all the costs
required to bring a project to a commercially operable status, less the
cost of the EPC contract.
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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 .
EPC – What is in the name?
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The EPC contractor is responsible for
the design , procurement ,
construction , and commissioning &
start-up.
EPC – What is in the name?
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Direct cost Indirect
Costs
P R O J E C T C A P I T A L C O S T B R E A K D O W N
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T H E D I R E C T C O S T S A R E A L L T H E C O S T S
I N C L U D E D I N T H E E P C C O N T R A C T :
Detailed design
Site investigations
Procurement
Contractor’s direct and indirect construction costs
Commissioning & Start-up
Contractor’s overhead and fees
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T H E I N D I R E C T C O S T S A R E :
Project contingency
Owner’s costs
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O W N E R ’ S C O S T S
Pre-production costs
Inventory capital
Land costs
Financing costs
Preliminary feasibility studies
Front-end engineering design study
Community support
Site development outside of project boundaries
Camp and housing facilities
Temporary site services and facilities
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O W N E R ’ S C O S T S C O N T I N U E D . . .
Insurance
Freight for Owner’s supplied equipment (if any)
Currency exchange
Legal fees
Permitting and permits
Owner’s engineer
Owner’s Project Management
Owner’s contingency (Owner’s reserve)
Taxes
Escalation during capital expenditure period
Interest on debt during capital expenditure period
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W A N T T O R E A D M O R E
A R T I C L E S O N C O S T
E S T I M A T I N , O R G E T A C C E S S
T O T R A I N I N G ?
http://www.LearnCostEstimating.com
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