Construction Today - June 2017 - 39
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The alignment between the E&C and the owner-operator is vital
to ensure estimates are accurate and meet project specifications.
An advanced model-based estimating solution allows both parties
to use the same common database and language. Accuracy comes
from the communication of what is entered into the economic
With complete transparency, the E&C can demonstrate detailed
estimates on a project to customers. Additionally, with a high level
of accuracy, estimators provide the owner-operators confidence
that the estimate meets their needs and that they are working with
a partner that can fulfill the engineering on time and to budget.
When changes occur, these estimation tools can cope with adjustments to the estimate at a click of a button and within minutes
deliver a new estimate (versus days or weeks when using traditional spreadsheets).
By using advanced economic evaluation tools, E&Cs can increase
their incomes by up to 50 percent more than using traditional tools
because the functionalities can perform the work of five people and
be considerably more accurate throughout the project estimating
lifecycle. Whether the project is for greenfield or brownfield projects,
model-based estimating systems are ideal for revamps and patching
to gain more out of existing plants. These powerful tools are able to
easily break down capital expenses, generating reports very quickly.
Additionally, once the estimate is set up properly inside the mod-
Structures Inc. p.62
ClearSpan delivers structures that can survive
Turner Construction -
Great Wolf Lodge
UPS - Centennial Hub Expansion
McCord Development -
EllisDon - Seneca College
RLH Construction LLC
Grow Your Storage LLC
Rogers-O'Brien Construction -
Signet Jewelers Corporate Office
ClearSpan Fabric Structures Inc
el-based software, the estimator can make
changes within minutes for every option
instructed by the client. This would not be
possible using traditional spreadsheets.
Built-in knowledge delivers enormous
benefits. Advanced economic evaluation
system empowers estimators to do more and
achieve more timely and accurate estimates
in collaboration with process engineering
design. The templates and databases that
are generated from these solutions provide
the next generation of estimators a powerful
platform that adds immediate and measurable value.
Ron Beck is director of industry marketing for engineering and construction at AspenTech. During nine years at the company, he has been responsible for engineering product marketing, economic evaluation and basic engineering. He has more
than 20 years' experience in providing software solutions to the process industries
and 10 years' experience in chemical engineering technology commercialization.
Beck has authored papers on key industry topics and presented at several public
industry events. Beck is a graduate of Princeton University in New Jersey.
JUNE 2017 CONSTRUCTION-TODAY.COM