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Cost Engineering – Association for the Advancement of Cost Engineering (AACE) Class 5 estimates

Cost estimating at a relatively low confidence level is typically carried out during the Conceptual Engineering phase to compare optional process scenarios and generate initial budget estimates to screen a potential project for cost viability.

Based upon the Association for the Advancement of Cost Engineering (AACE) cost estimate classification system a Class 5 estimate would be typical for the Conceptual Engineering Phase.

engineering cost estimation

Unitel Technologies employs a number of methods and tools to efficiently develop cost estimates with available data and project information. Our knowledge and history with pilot plant, demo plant and other modular systems combined with our broad process industry experience provides us a rich database to develop cost estimates during early project phases in which the level of detailed information is limited. We use parametric models based on past experience at this accuracy range. We may also use equipment factored models employing our in-house major equipment data base and factoring methods combined with ASPEN Cost Estimator.

Services

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CE
Conceptual Engineering

The early stages of front end project and process development are critical for the future success of projects involving new technologies and processes.

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FS
Feasibility Study

The feasibility study phase generally consists of a technical and economic analysis to investigate the probable outcomes of a project.

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FEED
Front End Engineering & Design (FEED)

The feasibility study phase generally consists of a technical and economic analysis to investigate the probable outcomes of a project.

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DED
Detailed Engineering & Design

This is the initial phase in the execution of the project. The objective of this phase is to develop all detailed engineering and design drawings and documents.

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P
Procurement

Procurement policies and procedures are of significant importance for implementing a project on schedule while retaining quality.

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F
Fabrication

Unitel maintains a leased facility for the fabrication of high quality modules. Good fabrication procedures and safety during fabrication are of critical importance to us.

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CS
Commissioning & Start-Up

Unitel provides installation procedures and guidelines to assist the client in installing the modules. We always provide appropriate personnel for this activity.

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