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Cost Engineering – AACE Class 2 Capital Estimates

A higher level cost estimate can usually be generated during the FEED phase. Based upon the Association for the Advancement of Cost Engineering (AACE) cost estimate classification system, a typical Class 2 estimate is noted below.

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 plants, demo units and other modular systems, combined with our broad process industry experience provides us a rich database to develop cost estimates during an early phase in which the level of detailed information is limited. We use parametric models based on past experience at this accuracy range. We also use equipment factored models employing our in-house major equipment data base and factoring methods combined with ASPEN Cost Estimator.

Unitel Technologies will typically provide a firm, fixed price quotation at the completion of this stage for the execution of detailed engineering and fabrication.

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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