Summary

ICEC is beginning an effort to develop an international cost model / location factor product. Preliminary plans call for the development of two standard model designs with quantities; one for a commercial building and one for a process plant. To simplify the effort, the models will be greatly simplified proxies for a full design. ICEC members from various regions and locations will then be requested to estimate the cost of these model facilities using local costs, productivities, allowances, and so on within given estimate basis assumptions and guidelines. The goal is to have a preliminary product ready to finalize at a workshop at the ICEC International Congress in Toronto in 2008.

More information

ICEC has developed a presentation that describes the planned product, why it is important to the industry, and why professionals with international cost management experience should consider contributing to the joint effort.

A paper about the project by John Hollmann and Dr Peter Smith was also presented at the 2007 PAQS Congress in New Zealand.

How to Participate

Anyone interested in participating in this product’s development and/or providing cost data, should sign up for the project’s email discussion list. To subscribe to the email list send a message to "imailsrv@aacei.org" with the text "subscribe ICEC-LFP " in the body of the message (leave the subject blank). Any questions can be directed to John Hollmann (jhollmann@verizon.net).