FEEDs are often referred to in terms of shallow or deep, which relates to the quantity of engineering performed. 0000008152 00000 n Total Installation Cost (TIC): US$ 900 Million A less obvious benefit is the flexibility for optioneering. cost, excludes M.E.setting. FEL 3 begins with more concrete assumptions than the earlier two phases. The fixed capital investment provides the … 0000005425 00000 n 0000007687 00000 n endobj As part of the capital cost of a project, the Engineering, Procurement and Construction (EPC) includes all costs to deliver a turnkey facility that is ready to go. 2. The Most Overlooked Total Installed Cost (TIC) Items - An Integrated Consulting Article. However, beware of “phone call engineering” mentioned previously. 6.4%. Method 1 – Percent of General Construction. costs, which include “soft” costs such as engineering, permitting, and right of way acquisition, are given. <>/XObject<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 960 540] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> H�b```f``Ie`e`�ab@ !�lj#� .�G�י���oX��5p�P�ᥒ� @�OHn�JIb_�-&k� �ms��@va��������nBċ�r�K*$�N]���D @���Ҁ �SX� �� … You get to deal with big budgets, design huge stuff, watch the dirt move, see it built, and hopefully see it used. Architect (see Architect's fees). A cost engineering reference book has chapters on capital investment cost estimation and operating cost estimation. Project manager. Done poorly, or not at all and the project can incur significant impacts. Cost estimating and cost management tools continue to be developed and will be added to the department’s estimating tool box as they become available. The metrics are most commonly used for proportional […] 3 0 obj ! 0000001904 00000 n Civil Engineering projects (Public Works) cost a lot! 0000029817 00000 n <> Figure 1,"Percent of Total Installed Cost vs. Project Size in Millions of Dollars," shows the result of applying a simple statisti-cal average across the entire project data population. endobj 0000002417 00000 n endobj The main objective of the Summary Cost Metrics report is to provide cost engineers with quick and easy metrics to be used for high-level cost evaluations. percentage is developed by linear interpolation between the percentages listed and will be based on an estimated construction cost of . The project manager's charges will typically amount to about 10 percent of the engineering budget, or about 1.5 percent of the TIC. endstream COST TIC = Equipment & Materials Costs + 709.2-2SC-003-2 PROCESS EQUIPMENT @ 50% Scale Platform 709.2-2SC-003-2 UTILITIES @ 50% Scale Platform HIPPO New MTO PROCESS PIPEWORK (4.5% of equipment cost) FEMS - Pharmagraph Delete Chart Recorders Process Control System (8.9% of equipment cost) Process Instruments (3.4% of equipment cost) 58 0 obj << /Linearized 1 /O 60 /H [ 1125 357 ] /L 553864 /E 32645 /N 9 /T 552586 >> endobj xref 58 32 0000000016 00000 n 3. 0000003009 00000 n Application Update: Comprehensive front-end engineering and design (FEED) can reduce risk and lower total cost of ownership for small and large capital projects. -�Z`Q~��7L�Xd&7Y3�00H E;0020��*Z��r���r�y�&�e��� ��L8��d��$�X �aa���Y��0 q�J� endstream endobj 89 0 obj 244 endobj 60 0 obj << /Contents [ 70 0 R 72 0 R 74 0 R 76 0 R 78 0 R 80 0 R 82 0 R 84 0 R ] /Type /Page /Parent 55 0 R /Rotate 0 /MediaBox [ 0 0 612 792 ] /CropBox [ 0 0 612 792 ] /Resources 65 0 R >> endobj 61 0 obj << /Count 1 /Type /Outlines /First 62 0 R /Last 62 0 R >> endobj 62 0 obj << /Title (Table of Contents) /Parent 61 0 R /A 63 0 R /Count 0 >> endobj 63 0 obj << /S /Launch /F 64 0 R >> endobj 64 0 obj << /Type /FileSpec /F (../misc/toc.pdf) >> endobj 65 0 obj << /ColorSpace << /Cs6 68 0 R >> /Font << /TT2 67 0 R >> /ProcSet [ /PDF /Text ] /ExtGState << /GS2 86 0 R >> >> endobj 66 0 obj << /Type /FontDescriptor /FontFile2 85 0 R /FontBBox [ -167 -276 1050 956 ] /FontName /NDECKK+ElectraLH-Regular /Flags 34 /StemV 72 /StemH 24 /CapHeight 702 /XHeight 422 /Ascent 956 /Descent -276 /ItalicAngle 0 /FontFamily (Electra LH Regular) /FontStretch /Normal /FontWeight 400 >> endobj 67 0 obj << /Type /Font /Encoding /WinAnsiEncoding /BaseFont /NDECKK+ElectraLH-Regular /FirstChar 32 /LastChar 151 /Subtype /TrueType /FontDescriptor 66 0 R /Widths [ 250 0 370 0 500 0 0 222 333 333 0 0 250 259 250 278 500 500 500 500 500 500 500 500 500 500 250 250 600 0 600 0 800 611 630 759 796 667 611 796 778 333 333 0 611 944 778 796 574 0 648 556 667 759 685 963 630 574 0 333 0 333 0 0 0 444 519 463 519 463 278 463 556 278 278 463 278 833 556 500 519 519 333 333 278 556 426 667 426 426 444 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 500 0 1000 ] >> endobj 68 0 obj [ /ICCBased 87 0 R ] endobj 69 0 obj 726 endobj 70 0 obj << /Filter /FlateDecode /Length 69 0 R >> stream The AIA said so. The big scale of them is a part of what makes the career fun. ���� JFIF � � �� C 0000000987 00000 n It is still a range, however, and it can cost as much as FEL 2 to calculate. 0000006988 00000 n Rick’s answer is correct, but I fear you question may have been different in that you are not quite sure what you mean by structure and finishes. %PDF-1.4 %���� For starters, the DCS platform is locked in place. PHASES ENGINEERING COST ( % of TIC) - Conceptual Design (Front-End Design 1) Range (A-B%) - … As a thumb rule, for most Oil & Gas projects, typically, the engineering costs generally ranges between 5 and 15% of the overall CAPEX (Capital Expenditure), depending on the scope of engineering required, project size, complexity, brownfield / greenfield development etc. Cost (TIC): US$ 50 Million Location: New Mexico (US) Project Type: Central Distribution Point Project Description: FEED & Detailed Engineering • 200 MMscfd gas • 16,125 bpd condensate (NGL pipeline + condensate from gas pipeline) • 104,000 bpd oil. 0000001689 00000 n %���� Indirect rate = $42,307 IC/$150,000 DC = 28.21% on total direct costs (remember to add TC, equipment costs and dollars over $25K for each subcontract back into total costs after determining indirect costs). Owner Ratio: Owner cost as a percentage of the total for each summary account (e.g., owner costs are X percent of the total project management costs). $.' The +/- value represents typical percentage variation of actual costs from the cost estimate after application of contingency (typically at a 50% level of confidence) for given scope. 2. 0000001461 00000 n They are generally paid in instalments based on regular dates or at pre-defined stages of completed work. I address that issue in it. ����j�I���� зd ߦ> GeE^�I"��'�KH�ۄ���m�� 4-��m�#`�r�ۯ6��&c�#�Ĕf�p��h��`�-���*K����W�����C�mY`���{P�J���/o#��(d(�Bf�r�&�. "Accounting records – You or your customer likely have good records based on accounting standards as to what previous projects cost. Fossil - Small projects (<100k), engineering ~$10k or 10% Medium projects (100k - 500k), engineering 10-15% Large projects (>500k) - should do a detailed evaluation During a short stent in an Engineering firm doing HVAC/Plumbing - Total mechanical/electrical installed cost ~30% of … I need to find out how much should be the engineering costs in the different project phases as a percentage of the total project cost (Total Installed Cost-TIC). C. EXAMPLE: (Iconic Building) The design fee percentage will be calculated based upon a new Once upon a time the percent fee was the standard. 0000001857 00000 n In any given project size, engineering is close to both the industry average and the expected 18 percent of TIC for refining projects. to 2 percent of total costs, the cost of engineering is a relatively small percentage. 0000003894 00000 n 0000001482 00000 n Projects in the process industries vary enormously in terms of cost makeup, but generally engineering costs somewhere between 10% and 20% of the Total Installed Cost (TIC). 0000001966 00000 n 0000006233 00000 n 0000008173 00000 n %PDF-1.7 $640,000. Direct Construction Labor as percent of Total Installed Cost (TIC). However, the role of the engineer is pivotal in meeting the client’s objectives because it is during the design process that construction, operations and maintenance cost savings are most easily achieved. MEP Design Fee (as percentage of General Construction) = … 0.25: 1.25: 9: Piping Labor as percent Direct Labor. ",#(7),01444'9=82. Outsourcing TIC services to third-party service providers is a business practice used by multiple product and component manufacturers to ensure adherence to national and international standards of quality and safety, as well as to reduce recall costs and improve production efficiency by shifting non-core tasks, operations, jobs, or processes to an external third-party specialist for a long time. $ 12,500,000 can cost as much as FEL 2 to calculate, however, and can... Both for 2006 dollars and for year of expenditure dollars more than construction cost makes! Or your customer likely have good records based on regular dates or at pre-defined stages of completed work is flexibility... Total Installed cost ( TIC ) is a basic activity FEL 2 to calculate is! And the expected 18 percent of total Installed cost ( TIC ) terms of shallow or deep, relates... 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