Press release

February 4, 2020

Cost estimation in plant engineering

New manual for cost engineers

Cost estimation in plant engineering
The reference book provides a detailed overview of the structure of cost estimates.

Determining investment costs is an elementary component of project planning and profitability analysis in the process industry. In global markets with rising raw material prices and increasing engineering and assembly costs, solid cost estimates in the early phases of project execution can be decisive for later competitive advantages.

This reference book provides a detailed overview of the structure of cost estimates in the planning of brownfield and greenfield plants. In line with the classic project cycle, the book focuses on the planning, procurement and construction phases of plants. Systematic estimates of planning services, the procurement of materials and equipment as well as construction and site costs are presented. In addition to a detailed basic section, the procedure for preparing the necessary accompanying documents is also described. A further practical reference is provided by the concluding example project, on the basis of which the authors carry out a comprehensive cost estimate with varying degrees of accuracy.

The appendix of the book contains templates and accompanying documents that support practitioners in estimating costs and make it easier for students to understand the practical implementation. Readers who prefer a digital version of the documents can purchase them separately from the publisher as freely editable Word or Excel files.

Excerpts from the content:

- Basis of the cost estimates

- Cost estimation types, classes and methods

- Planning (Engineering)

- Equipment and material purchasing and procurement

- Assembly and installation (construction)

- Template example

Ibrahim Kar / Michael Berz
Cost estimation in plant engineering
1st edition 2020
176 pages
Price 119.80 EUR
ISBN Book: 978-3-8343-3436-7
ISBN Templates: 978-3-8343-2424-5

The book can be ordered at www.vogel-fachbuch.de/kosten - also available as an e-book.

A review copy is available here: pressestelle@vogel.de

As a knowledge partner, the Vogel specialist book program accompanies users in practice in their professional challenges, shows the current state of knowledge and opens up new perspectives for professionals. The specialist book portfolio addresses technical and economic drivers and offers multi-media, well-structured specialist knowledge. Modern and clearly arranged with intelligent additional features, the specialist book program is aimed primarily at professionals in the automotive, mechanical engineering, electrical engineering, electronics and process engineering sectors. Vogel Communications Group is one of the leading service providers for B2B communication in the German-speaking world. Its headquarters are in Würzburg. With four agencies in Berlin, the Group offers comprehensive communications expertise. The publishing divisions manage 100+ trade journals, 100+ web portals, 100+ business events as well as numerous mobile offerings and international activities.

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