Business & Economics :: Design, Engineering & Construction
January 1, 2006
Pilot Plant Cost Estimating: Make Intelligent Use of Contingency
In capital cost estimating, provision for contingency is often a misunderstood concept. Here are guidelines for applying it soundly to estimates involving pilot plants.
Richard Palluzi ExxonMobil Research & Engineering Co.
The first two installments of this three-part series (CE, November 2005, pp. 40–45, and December, pp. 42–47) dealt mainly with the major methods for estimating the capital costs of pilot plants. This final installment begins with a...
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