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Process Equipment Cost Estimating By Ratio And Proportion

Randall W. Whitesides, PE

Even with the advent of sophisticated estimating software it is sometimes simply easier to manually approximate an equipment cost. Moreover, while there may be sophisticated software available to generate accurate cost estimates, we should never lose sight of the importance of understanding the basis for costs. We should never let computer output cloud simple estimating judgment.

It is novel to be armed with simple, quick, easy to understand techniques to arrive at approximate equipment costs. That is the subject of this course. The equipment cost estimating methods that will be outlined are suitable for use with preliminary and budget estimates.

This course includes a True-False quiz at the end, which is designed to enhance the understanding of course materials.

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NY PE & PLS: You must choose courses that are technical in nature or related to matters of laws and ethics contributing to the health and welfare of the public. NY Board does not accept courses related to office management, risk management, leadership, marketing, accounting, financial planning, real estate, and basic CAD. Specific course topics that are on the borderline and are not acceptable by the NY Board have been noted under the course description on our website.