000			a
999			_c10385 _d10385
003			OSt
005			20191202135911.0
008			191202b xxu||||| |||| 00| 0 eng d
040			_aAIKTC-KRRC _cAIKTC-KRRC
100			_910914 _aDeshpande, P. M.
245			_aStudy Of Cost Estimation Model For Plant Equipment _b:A Case Study Of Water Treatment Plant
250			_aVol.34(2), April-June
260			_aPune _bNICMAR _c2019
300			_a53-60p.
520			_aIn engineering project environment, cost estimation is required for different phases in project cycle for feasibility, detailed project report, tender bidding and contracting. The cost estimate is the most needed to take the decisions. A viable estimate should also be produced with consistent definitions and a repeatable estimating process is a need ofengineering project cost estimation. This cost estimation should satisfy effort/cost, time schedule, risk and needs to be reliable. In engineering projects, the cost ofplant and machinery is a major cost and varies from 40 to 65 percent oftotal project cost depending on the technology, automation and type ofproject. The parametric cost estimation model is the solution to satisfy the different needs ofestimation. The parametric model for cost estimation based on equipment sizing and specification is an effective approach for cost estimation. The size ofequipment is the result ofthe capacity ofplant and this helps in estimating project cost for different plant capacities. Secondly, the engineering design information details are time dependent in project cycle; however, the estimation needs to be fairly accurate. The cost estimation based on parametric model is a solution for repetitive estimation in various project stages. This paper elaborates the principle and application ofparametric model with the case study ofwater treatment plant.
650		0	_94690 _aConstruction Engineering and Management (CEM)
773	0		_dPune National Institute of Construction Management and Research(NICMAR) _x0970-3675 _tNICMAR Journal of construction management
856			_uhttps://www.nicmar.ac.in/pdf/2019/02April-June-2019.pdf _yClick here
942			_2ddc _cAR