Cost Estimation Techniques - Cost estimating techniques
6 important questions on Cost Estimation Techniques - Cost estimating techniques
Estimating techniques | Unit technique
Gives
- Explanation of the unit technique;
- Some examples;
- when it is applied;
- Revenue per mile
- Capital cost per installed connection
- Revenue per customer served
- Operating cost per mile
- Construction cost per square foot.
Usefull in preliminary estimates.
Estimating techniques | Factor technique
Give;
- Explanation of the factor technique
- Formula used
Estimating techniques | Indexes
Give the definition of an index
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Estimating techniques | Indexes
What do indexes provide?
Estimating techniques | Indexes
Give the formula for indexes considering multiple items.
Estimating techniques | Lang Factor Technique
Lang Factor Technique
- Explanation;
- Based on;
- Formula;
Based on cost of major equipment components (heat exchangers, pumps, compressors, tanks)
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