Archive for May, 2010

The International Cost Model / Location Factor Product Project

Summary

ICEC is developing an international cost model / location factor product. Two standard model designs with quantities are developed; one for a commercial building and one for a process plant. To simplify the effort, the models are greatly simplified proxies for a full design. The information comes from ICEC members who estimate the cost of these simple model facilities (one page) using local costs, productivities, allowances, and so on within given estimate basis assumptions and guidelines. The goal is to have preliminary results ready at the next ICEC International Congress.

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