Cost Estimating For Pipeline Construction .pdf
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Cost Estimating For Pipeline
Cost estimating of resources is an essential component of the execution
planning process and subsequently it is important that all cost estimates
are realistic. Each worked activity must be capable of being performed at
the required productivity rate. Therefore resource allocation must be
finely balanced to achieve this efficiency.
Crews that are too small or too large create insufficiency in one aspect or
another. Similarly, for pipeline construction each activity must be
equalized to reach the regulated throughput. Otherwise activities become
bunched together making the construction crews less productive,
resulting in a negative impact on the project schedule.
The project team and other stakeholders need to have confidence in both
cost and schedule. Without that certainty decision making becomes an
erroneous process that leads to further failures. PCM Ltd is an
experienced Construction Management Consultant with specific
expertise in pipeline construction management and appropriately has the
knowledge to provide accurate cost estimates with reliable activity
durations in wide-ranging geographical conditions. Furthermore, we
produce estimates with a bottom-up approach to ensure thoroughness in
delivery of the anticipated final cost.
The objective of construction cost estimating is to secure a definitive cost
for the construction phase and budget, which can be measured and
controlled. Project success is contingent upon credible cost evaluation.