AACE Atlanta Section Virtual Technical Meeting - Validating / Review of a Capital Cost Estimate

When:  Feb 12, 2025 from 12:00 PM to 01:00 PM (ET)
Associated with  Atlanta Section

Happy New Year to everyone. 

Join us to our next Virtual Technical Meeting as Compass International John G McConville presents Validating / Review of a Capital Cost Estimate 

John is the Operations Director of Compass International, a Cost Estimating / Procurement Consulting & Publishing firm, which is known around the world as “the experts” on US & International Construction Costs, Global EPC Procurement & Construction Productivity. 

John will discuss; owners need for accurate capital cost estimates of future construction projects.  Costs for budgeting purposes early in the procurement process when minimal detailed design information / engineering deliverables is available is required, or when an EPC company has provided a detailed cost proposal to complete the work.

Validation / review methods:

·       Review & critique Scope of Work

·       Review CAPEX estimating practices, procedures & tools.

·       Location factors were they used to adjust conceptual cost estimates by project location.

·       Estimating checklists applicable to Conceptual / FEED / Funding & Detailed Lump Sum estimates.

·       Utilize historical benchmarks & cost metrics from our cost data library related to 100’s of Oil & Gas / Power / Industrial / Process / Commercial Projects.

·       Evaluate the state of the project engineering, procurement & construction deliverables that were used in preparing the estimate.

·       Small and large projects.

·       Finally deliver an independent assessment of project risks, challenges, future escalation & contingency funds necessary to safeguard the projects viability.

John will share some of his experiences and lessons learned over his 40 year career.

Contact

Coralys Rodriguez
4047801703
atlanta@aacei.org