Construction Today - June 2017 - 38

Commercial

T

Getting The
Best Estimates

oday's generation of estimators
and engineers are under pressure
to do more with less resources and
adapt quickly to change. To do this,
it is vital that engineering and construction
companies (E&Cs) embrace methodologies to
meet customer requirements and cope with
new economic conditions.
Estimators with cutting-edge technology
- such as integrated economic evaluation
software with built-in engineering and
cost content - are empowered to rapidly
and confidently evaluate capital investment projects early in the design process,
understand all the economic implications of
engineering decisions and manage projects
more effectively.

The Engineer Inside the Computer
With the advanced model-based estimating
systems available today, users have access to

38

CONSTRUCTION-TODAY.COM JUNE 2017

By Ron Beck

a complete knowledge base engineering design tool that produces
cost based on first principles. It is an opportunity to design a plant
using the application and this can be benchmarked against the
process engineer's design to ensure accuracy and consistency.
This type of model-based estimating tool is like having an experienced engineer inside the computer. It can instruct how to develop
single line diagrams as well as teach how to organize and put together an electrical system. Alternatively, it is like a structural engineer
that will show best practices for the design of structures and similarly
in piping. The years of embedded knowledge within the tool help
E&Cs to accurately and quickly reduce estimating uncertainty in
bidding costs for design/build of a plant.
However, this technology is not just for the bidding process. One of
the leading global producers of industrial gases, Linde Engineering
North America Inc. (LENA) was in need of a way to reduce cost overruns by achieving consistency in estimating methods and applications. The company made the decision to standardize on an advanced
model-based estimating system throughout the organization. As a
result, LENA now has the ability to keep projects on schedule and
within budget, improve safety performance and achieve the highest
standards of operational excellence.


http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - June 2017

Contents
Construction Today - June 2017 - Cover1
Construction Today - June 2017 - Cover2
Construction Today - June 2017 - 1
Construction Today - June 2017 - Contents
Construction Today - June 2017 - 3
Construction Today - June 2017 - 4
Construction Today - June 2017 - 5
Construction Today - June 2017 - 6
Construction Today - June 2017 - 7
Construction Today - June 2017 - 8
Construction Today - June 2017 - 9
Construction Today - June 2017 - 10
Construction Today - June 2017 - 11
Construction Today - June 2017 - 12
Construction Today - June 2017 - 13
Construction Today - June 2017 - 14
Construction Today - June 2017 - 15
Construction Today - June 2017 - 16
Construction Today - June 2017 - 17
Construction Today - June 2017 - 18
Construction Today - June 2017 - 19
Construction Today - June 2017 - 20
Construction Today - June 2017 - 21
Construction Today - June 2017 - 22
Construction Today - June 2017 - 23
Construction Today - June 2017 - 24
Construction Today - June 2017 - 25
Construction Today - June 2017 - 26
Construction Today - June 2017 - 27
Construction Today - June 2017 - 28
Construction Today - June 2017 - 29
Construction Today - June 2017 - 30
Construction Today - June 2017 - 31
Construction Today - June 2017 - 32
Construction Today - June 2017 - 33
Construction Today - June 2017 - 34
Construction Today - June 2017 - 35
Construction Today - June 2017 - 36
Construction Today - June 2017 - 37
Construction Today - June 2017 - 38
Construction Today - June 2017 - 39
Construction Today - June 2017 - 40
Construction Today - June 2017 - 41
Construction Today - June 2017 - 42
Construction Today - June 2017 - 43
Construction Today - June 2017 - 44
Construction Today - June 2017 - 45
Construction Today - June 2017 - 46
Construction Today - June 2017 - 47
Construction Today - June 2017 - 48
Construction Today - June 2017 - 49
Construction Today - June 2017 - 50
Construction Today - June 2017 - 51
Construction Today - June 2017 - 52
Construction Today - June 2017 - 53
Construction Today - June 2017 - 54
Construction Today - June 2017 - 55
Construction Today - June 2017 - 56
Construction Today - June 2017 - 57
Construction Today - June 2017 - 58
Construction Today - June 2017 - 59
Construction Today - June 2017 - 60
Construction Today - June 2017 - 61
Construction Today - June 2017 - 62
Construction Today - June 2017 - 63
Construction Today - June 2017 - 64
Construction Today - June 2017 - 65
Construction Today - June 2017 - 66
Construction Today - June 2017 - 67
Construction Today - June 2017 - 68
Construction Today - June 2017 - 69
Construction Today - June 2017 - 70
Construction Today - June 2017 - 71
Construction Today - June 2017 - 72
Construction Today - June 2017 - 73
Construction Today - June 2017 - 74
Construction Today - June 2017 - 75
Construction Today - June 2017 - 76
Construction Today - June 2017 - 77
Construction Today - June 2017 - 78
Construction Today - June 2017 - 79
Construction Today - June 2017 - 80
Construction Today - June 2017 - 81
Construction Today - June 2017 - 82
Construction Today - June 2017 - 83
Construction Today - June 2017 - 84
Construction Today - June 2017 - 85
Construction Today - June 2017 - 86
Construction Today - June 2017 - 87
Construction Today - June 2017 - 88
Construction Today - June 2017 - 89
Construction Today - June 2017 - 90
Construction Today - June 2017 - 91
Construction Today - June 2017 - 92
Construction Today - June 2017 - 93
Construction Today - June 2017 - 94
Construction Today - June 2017 - 95
Construction Today - June 2017 - 96
Construction Today - June 2017 - 97
Construction Today - June 2017 - 98
Construction Today - June 2017 - 99
Construction Today - June 2017 - 100
Construction Today - June 2017 - 101
Construction Today - June 2017 - 102
Construction Today - June 2017 - 103
Construction Today - June 2017 - 104
Construction Today - June 2017 - 105
Construction Today - June 2017 - 106
Construction Today - June 2017 - 107
Construction Today - June 2017 - 108
Construction Today - June 2017 - 109
Construction Today - June 2017 - 110
Construction Today - June 2017 - 111
Construction Today - June 2017 - 112
Construction Today - June 2017 - Cover3
Construction Today - June 2017 - Cover4
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http://digital.construction-today.com/nxtbooks/phoenix/ct_201203
http://digital.construction-today.com/nxtbooks/phoenix/ct_201202
http://digital.construction-today.com/nxtbooks/phoenix/ct_201201
http://digital.construction-today.com/nxtbooks/phoenix/ct_201112
http://digital.construction-today.com/nxtbooks/phoenix/ct_20111011
http://digital.construction-today.com/nxtbooks/phoenix/ct_201109
http://digital.construction-today.com/nxtbooks/phoenix/ct_201108
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201107
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201106
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201105
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201104
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201103
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201102
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201101
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201012
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201011
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201010
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201009
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201008
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201007
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201006
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201005
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201004
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201003
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201002
http://digital.construction-today.com/nxtbooks/businessmedia/ct_201001
http://digital.construction-today.com/nxtbooks/schofield/ct_200912
http://digital.construction-today.com/nxtbooks/schofield/ct_200911
http://digital.construction-today.com/nxtbooks/schofield/ct_200910
http://www.nxtbook.com/nxtbooks/schofield/ct_200909
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