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7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
o +rouce the e"t#mate +lan #" the re"+on"#<#l#ty o the Lea e"t#mator he Lea /"t#mator
may have to "ource #normat#on rom var#ou" e+artment" #n orer to #nal#"e the ocument
he ocument "et" the e"t#mate roun rule" an e"ta<l#"he" un#orm#ty acro"" the +ro@ectteam 8;or urther eta#le #normat#on #n +rouc#n an e"t#mate +lan, reer to /"t#mate Plan
u#el#ne an /"t#mate Plan "am+le tem+late9
he e"t#mate +lan are""e" the olloA#n #""ue"
• (r#e Sco+e De"cr#+t#on
• *u"tomer Strate#e" an O<@ect#ve"
• /"t#mate Del#vera<le"
• ey Per"onnel *ontact L#"t
• /"t#mat#n Sy"tem
• /"t#mate ethooloy
1 Huant#ty evelo+ment
2 ater#al Pr#c#n 8/u#+ment an (ulk ater#al"9
3 anual La<our 5ate an an-hour"
4 Su<-*ontractor *o"t"
7 ;re#ht
6 Genor 5e+re"entat#ve"
• *oe o !ccount" 8;ac#l#ty an *ommo#ty coe"9
• /n#neer#n el#vera<le" reu#re to "u++ort th#" ty+e o e"t#mate
• *ontract#n Stratey
• Procurement Stratey - the eterm#nat#on o Ah#ch #tem" o eu#+ment "houl <e
#""ue or #rm uotat#on 8ma@or eu#+ment #tem"9 an Ah#ch #tem" A#ll <e co"te on the
<a"#" o <uet uotat#on", h#"tor#calata<a"e #normat#on or <y other techn#ue"
8m#nor eu#+ment #tem"9
• *on"truct#on n+ut
• ater#al ake-o ormat"
• n#rect *o"t" 8*ommon D#"tr#<uta<le" an /P* Serv#ce"9
• /"calat#on
• *ont#nency an accuracy
• the eterm#nat#on o Ah#ch #tem" o eu#+ment "houl <e #""ue or #rm uotat#on
8ma@or eu#+ment #tem"9 an Ah#ch #tem" A#ll <e co"te on the <a"#" o <uet
uotat#on", h#"tor#calata<a"e #normat#on or <y other techn#ue" 8m#nor eu#+ment
#tem"9
• Hual##cat#on" an /=clu"#on"
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
3*8 Esta, li sh in1 E stimate St ru. tur e a nd Proe. t C ode o0A..ounts
3*8*% General
he Lea /"t#mator #n con@unct#on A#th the /PL /"t#mat#n anaer A#ll <e re"+on"#<le to
evelo+ the +ro@ect coe o account" a" one o the +re-e"t#mate act#v#t#e" h#" con"#"t" oevelo+#n the #rect co"t ac#l#ty coe", #n#rect coe" an re"+ect#ve commo#ty coe"
Normally the #rect co"t ac#l#ty coe" are ta#lore or the +lant an are r#ven <y the cu"tomer
he commo#ty coe" are a "tanar "et o coe" "+ec##e <y the /PL *or+orate /"t#mat#n
?rou+ t #" manatory to u"e the"e coe", a" #t <r#n" un#orm#ty acro"" other e"t#mate", an
hel+" "treaml#ne a common a++roach an ena<le" to "hare ata an com+are to h#"tor#cal
#normat#on *o+#e" o the commo#ty coe" are ava#la<le rom the /PL *or+orate
/"t#mat#n rou+
3* 8* + Co de o0 A..o unt s
he Icoe o account"J #" the rameAork re+re"ent#n an a++l#e to the +ro@ect W(S,
u"e to ac#l#tate the "y"temat#c control o "co+e, co"t an "cheule he +ro@ect co"t"
are "ereate #nto ac#l#t#e" 8numer#c9 an commo#t#e" 8al+ha >numer#c9 or reay
#ent##cat#on an lo#cal rou+#n o co"t #tem" he coe #" u"e or "ort#n #normat#on
to +erm#t v#"ual#.#n the +ro@ect "co+e an or tran"lat#n en#neer#n conce+t" #nto
uant#t#e" an co"t" t +rov#e" the rameAork or +re+ar#n e"t#mate", +ro@ect <uet",
co"t mon#tor#n, oreca"t#n, <enchmark#n an controll#n co"t" ur#n con"truct#on
8;or urther eta#l +lea"e reer to Stanar /"t#mat#n *oe o !ccount" u#el#ne or
urther u#ance9
! <r#e e#n#t#on o ;ac#l#ty an *ommo#ty coe" are e"cr#<e <eloA
9a.ilit4 Code
Port#on o the *oe o !ccount" that #ent##e" the eora+h#cal area or "y"tem
com+onent o the +ro@ect 85eer to Stanar /"t#mat#n *oe o !ccount" ?u#el#ne
PDP-0014 or urther eta#l9
Commodit4 Code
! +ort#on o a co"t coe to +rov#e a "ereat#on o co"t ?ener#c +rouct 8or act#v#ty9
ty+e, the +rouct#on o Ah#ch may #nvolve a num<er o trae" ;or e=am+le, the
commo#ty IconcreteJ reu#re" the "erv#ce" o car+enter", "teel #=er" an concrete
trae" or #t" +rouct#on 85eer to Stanar /"t#mat#n *oe o !ccount" ?u#el#ne
*% Pri.in1 General !ll co"t" to com+lete A#ll <e #n the <a"e ate o the e"t#mate an #n the currency o the country,
A#th a++ro+r#ate e"calat#on a++l#e to +ro@ect com+let#on
he e=chane rate" or the ma#n "tuy "houl <e nom#nate <y /PL, an a++rove <y the
cu"tomer !ny e=chane var#at#on" that may occur rom the <a"e ate o the e"t#mate an
onAar" A#ll nee to <e are""e <y the cu"tomer #n the#r econom#c moell#n or +rocurement
"tratey
he e"t#mate A#ll <e +re+are <a"e on nat#ve currenc#e" Ah#ch A#ll <e e=+re""e #n the
country o or##n, <a"e on the olloA#n e=chane rate":
Australian !ollar Other Curren.4
!M100 (! ES Dollar"
(! E Poun"
(! /uro+ean /uro
(! Ka+ane"e en
*+ Contra.tin1 Strate14
he *a+#tal *o"t /"t#mate can <e <a"e on an /n#neer#n, Procurement an *on"truct#on
anaement 8/P*9 or /P* "tratey hereore, a++ro+r#ate alloAance "houl <e mae #n
the *a+#tal *o"t /"t#mate to alloA or /P* or /P* contractor +ro#t an return"
*3 7uantities
Huant#ty evelo+e #" the key "te+ #n "ucce""ully com+let#n a *la"" 3 e"t#mate ! <a"#c
u#el#ne o el#vera<le" neee or a *la"" 3 e"t#mate #" outl#ne #n the /"t#mate *la""##cat#on
?u#el#ne t #" #m+ortant the uant#t#e" or a *la"" 3 e"t#mate are eterm#ne accurately an #n
the l#ne A#th /PL commo#ty coe "tructure he uant#t#e" "et the ounat#on" oreterm#n#n mater#al +r#c#n, #n"tallat#on hour" an "co+e or "u<contractor", a<r#cat#on "ho+"
an turnkey +ackae" to eterm#ne a oo #=e or <uet uotat#on n Sect#on 70,
/n#neer#n Del#vera<le" A#ll <e e=+la#ne #n more eta#l <y #"c#+l#ne
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
<e #ven to the e"t#mat#n team <y ac#l#ty an commo#ty he"e uant#t#e" may <e com+are
A#th uant#ty #normat#on ava#la<le rom +rev#ou" mater#al reu#"#t#on", +urcha"e orer",
contract" an actual h#"tor#cal co"t" Ahere a++ro+r#ate
he e"t#mator A#ll ver#y the com+letene"" an accuracy o the ata rece#ve, <eore enter#n #t
#nto the e"t#mat#n "y"tem
* E: uipment a nd M aterial P ri.in1n +reerence, an Ahere a++ro+r#ate, +r#c#n rate" or +lant, eu#+ment an <ulk mater#al" "hall
<e <a"e on <uet or <#" rece#ve rom "u++l#er" ;or a *la"" 3 e"t#mate, the"e A#ll <e
o<ta#ne throuh the Procurement rou+ /n#neer#n A#ll +re+are the ata"heet" an
techn#cal #normat#on an +a"" #t to Procurement #n orer to "en out enu#r#e" to a++ro+r#ate
venor" !" the venor uotat#on" are returne <ack to /PL #t A#ll <e rev#eAe #n con@unct#on
A#th /n#neer#n an Procurement #n orer to en"ure Ae are <uy#n #t or the r#ht +r#ce an #t
com+l#e" techn#cally Where #normat#on #" not ava#la<le, +r#c#n #normat#on A#ll <e o<ta#ne
rom /PL" #n-hou"e ata<a"e an e"calate a++ro+r#ately
5ate" an +r#c#n or eu#+ment an mater#al" "hall relect e= Aork" el#very an local re#ht
;!S at +ort o e=+ort, #nclue A#th#n the venor" "co+e
Plant eu#+ment +r#c#n a" a m#n#mum, "houl #nclue the eu#+ment +r#ce 8<y currency9 an
uant#ty <y eu#+ment ta num<er, e=chane rate, re#ht co"t", ut#e" an ta=e" an venor
re+re"entat#ve ay rate"
;or !u"tral#a only, eu#+ment "hall <e reerence v#a ta num<er Ahere ava#la<le, an "hall
e=clue ?oo" an Serv#ce" a= 8?S9
*; 9rei1ht
/"t#mate co"t" or ocean re#ht an #nlan re#ht to "#te can <e evelo+e or each relevant
e"t#mate #tem "e+arately rom mater#al "u++ly +r#c#n ;re#ht revenue 8or <ulk9 tonne" can <eevelo+e an "tore #n the e"t#mat#n "y"tem Where a++l#ca<le, re#ht tonne" may <e
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
evelo+e <y e"t#mat#n "y"tem a" the +rouct o the e"t#mate uant#ty an a <ulk#n actor
or the #ven commo#ty !lternately re#ht tonne" may <e evelo+e an entere #rectly or
each a++ro+r#ate e"t#mate #tem
!nother alternat#ve #" to have a +rocurement tra#c an lo#"t#c" e=+ert, Aork out the totalre#ht co"t" or the +ro@ect h#" nee" to <e oran#"e an aree at the e"t#mate +lann#n
+ha"e to en"ure the total re#ht com+onent" are +#cke u+
;or ome"t#c +ro@ect", the co"t o re#ht "houl <e #nclue #n the +r#c#n o mechan#cal
eu#+ment, <ut #ent##e "e+arately or +arametr#c +ur+o"e" Other co"t" "uch a" ut#e", ta=e"
etc Aoul <e e=+re""e a" a +ercentae rom mechan#cal eu#+ment an <ulk mater#al", <a"e
on the reulat#on" o the country the +ro@ect #" <e#n <u#lt Where eu#+ment +r#c#n #" not
ava#la<le, enerally or ome"t#c +ro@ect", 3 > 7C #" a++l#e on total mater#al co"t
;or nternat#onal, remote +ro@ect" A#th a more e=ten"#ve re#ht "co+e, a +rocurement tra#c an
lo#"t#c" +er"on "houl <e a++o#nte #n orer to calculate the total re#ht co"t h#" A#ll <e
"u#ta<le checke at the en o the e"t#mate aa#n"t "#m#lar +ro@ect" an h#"tor#cal ata he
"co+e o re#ht Aoul normally #nclue the olloA#n:
• Locat#on
• Sco+e an /=ecut#on o the +ro@ect
• Source o ater#al" an /u#+ment
• ra#c an Lo#"t#c" +lan
• Warehou"#n
•
S+ec#al anl#n
o the +o#nt" l#"te a<ove, a con"#erat#on o market con#t#on" "houl <e evaluate an
#ncor+orate to the total re#ht co"t hat #", #n a e+re""e economy, A#th a loA, com+et#t#ve
+r#c#n "tructure ;re#ht A#ll <e a h#her +ercentae o mater#al co"t than uner other
econom#c con#t#on" he re#ht actor A#ll <e enerally #n the rane o 7 to 17 +ercent o
mater#al co"t ;or ome"t#c +ro@ect" the rane #" 3 > 7C, an or remote "#te" #" <etAeen 7 >
17C o mater#al co"t"
;or urther eta#l +lea"e reer to the ;re#ht *o"t" ?u#el#ne PDP-0026
S+ec#al note nee" to <e mae o the #tem" that are to <e +re-a""em<le o-"#te, "o that re#ht
+r#c#n can <e e"t#mate to #nclue th#"
*8 Contra.t La,our Pri.in1
*8*% Manua l La,our Produ.t i5 it4
o evelo+ manual la<our man-hour" or a *la"" 3 e"t#mate, #t #" #m+ortant to uner"tan
+rouct#v#ty Pro@ect +rouct#v#ty #" evaluate <y com+ar#n to a "et o "tanar un#t man-hour"
he"e "tanar" A#ll have to <e evelo+e or each country, #n orer to o<ta#n a con"#"tent
yar"t#ck n !u"tral#a Ae are alreay ut#l#.#n a <a"e l#ne, <a"e on h#"tory, e"t#mator"
e=+er#ence an evelo+#n rate" rom #r"t +r#nc#+le" o ormal#.e th#" a++roach a un#t man-
hour <ook A#ll <e evelo+e #n the uture, Ah#ch A#ll al#n to /PL" "tanar commo#ty
coe" h#" +rouct#v#ty #" a++l#e a" a actor 8#e 17 o "tanar rate9 to our "tanar "et o
!ll a<r#cat#on an o"#te hour" are #nclue #n the all u+ rate" <y commo#ty coe or total co"t,
or "hoAn #n the e"t#mate e"cr#+t#on #el
En#t man-hour" or #n"tallat#on o eu#+ment an mater#al" are evelo+e <y the e"t#mator or
each commo#ty A#th "u++ort rom *on"truct#on an +rev#ou" +ro@ect" or actual return ataWhere +o""#<le, #r"t +r#nc#+le e"t#mat#n techn#ue" A#ll <e u"e to creA u+ the level o Aork
reu#re to #n"tall eu#+ment or <ulk mater#al #tem" he #n"tallat#on hour" "houl #nclue the
eort" or all crat" or trae" #nvolve, Ah#ch #nclue" hanl#n the #tem rom "torae, a""em<ly,
he Ae#hte com+o"#te contract la<our +r#c#n +er hour "houl <e <a"e on e=#"t#n "#te
areement", enter+r#"e <ara#n areement" or ut#l#.#n #n-hou"e h#"tor#cal ata h#" A#ll <e
com+are A#th "#m#lar +ro@ect" or each ty+e o crat an con"truct#on a" a check orrea"ona<lene"" he la<our +r#c#n A#ll relect the +ro@ect Aork Aeek an other "#te con#t#on",
A#th#n the country the Aork A#ll <e +erorme
Pro@ect" #n North !mer#ca an !u"tral#a +erorm Aork u"#n un#on" he la<our rate" are
enerally overne <y "#te areement" or controlle <y a la<our or /nter+r#"e !reement n
countr#e" "uch a" !"#a, manual la<our rate" are much chea+er, hoAever hour" "houl <e
v#"#<le #n the e"t#mate, a" #t oe" #m+act certa#n con"truct#on co"t" on a +ro@ect that may <e
n +re+ar#n a ca+#tal co"t e"t#mate, #t #" rare occa"#on Ahen everyth#n #" knoAn, "+ec##e anmea"ura<le De"#n alloAance" are a++l#e at the #rect co"t level, to com+en"ate the eree
o en#neer#n com+lete an uotat#on" u"e at th#" level o e"t#mate
Pa"t e=+er#ence <y the +ro@ect team A#ll <e a++l#e, to +rov#e "ome mea"ure to #ll the a+ at
the #rect co"t level n a *la"" 3 e"t#mate, e"#n alloAance" can rane <etAeen 3 -7C o total
#rect co"t, e+en#n on the #normat#on +rov#e <y the cu"tomer an the ual#ty o h#"tor#cal
ata u"e
De"#n alloAance" are con"#ere a knoAn an e#n#te reu#rement Ahen +re+ar#n the #rect
co"t", a" they are h#"tor#cally <a"e an l#t the mater#al take-o" an mater#al +r#c#n to more
accurately relect Ahat the #nal e"#n A#ll reu#re
De"#n alloAance" are are""e, Ahen en#neer#n have rev#eAe the "co+e an uant#t#e"
o the e"t#mate he Lea /"t#mator ac#l#tate" the +roce"" <y u"#n a e"#n alloAance ormat
5eer to !++en#= 1 h#" #" a matr#= <y area an ma@or commo#ty level he /"t#mator ut#l#.e"
th#" "heet to "eek #n+ut rom the Lea en#neer" an +rocurement
;or urther eta#l +lea"e reer to the De"#n alloAance" u#el#ne
*<*+ Other Al lo6a n. es
*o"t" a""oc#ate A#th Aa"tae, over +our", lo"" an amae A#ll <e #nclue #n un#t rate" a"
alloAance"Q not #n mea"ure uant#t#e" "u++l#e <y /n#neer#n
Percentae alloAance A#ll <e u"e to e"t#mate co"t" o +#+e "u++ort", +#+e te"t#n an
#n"+ect#on, mechan#cal <ulk" an the l#ke
!lloAance" or ND te"t#n an "tre"" rel#ev#n etc A#ll <e covere <y e"t#mat#n a" a
+ercentae o total +#+e uant#ty an co"t
!lloAance" or co"t roAth or m#nor "co+e chane", "co+e an e"t#mat#n om#""#on", ual#ty
o <#" an <uet +r#c#n, market orce" an the l#ke are to <e #nclue #n cont#nency, not #n
#rect co"t"
4.8 Common !istri,uta,le
*ommon #"tr#<uta<le co"t" are mater#al", eu#+ment "erv#ce" an ut#l#t#e" +rov#e to the
+ro@ect Ah#ch are not "+ec##c to any one "u<contractor Where "#m#lar #tem" an "erv#ce" are
attr#<uta<le to one contractor, the"e co"t" are to <e chare to contractor #"tr#<uta<le co"t"
*ommon #"tr#<uta<le co"t" al"o cover "co+e +rov#e to the +ro@ect <y the /P* contractor #n
;or a *la"" 3 level e"t#mate, th#" Aoul normally <e "co+e out an uant##e <y /n#neer#n
an *on"truct#on h#" A#ll normally relect the e=ecut#on +lan ao+te <y the +ro@ect,
+art#cularly #el con"truct#on !ter the e"t#mate #" com+lete th#" A#ll <e com+are to "#m#lar
+ro@ect" an +arametr#cally checke aa#n"t h#"tor#cal ata
*= En1ineerin1> Pro.urement and Constru.tionMana1ement
/"t#mate" or the /P* or /P* "erv#ce" A#ll <e e"ta<l#"he <y #"c#+l#ne en#neer",
+rocurement, +ro@ect manaement, con"truct#on an +ro@ect control" u"#n n*ontrol to
enerate the relevant *5" he"e *5" "houl encom+a"" the "co+e o Aork an eta#l
re"ource", rate" an el#vera<le" reu#re to com+lete the Aork"
Se+arate e"t#mate" A#ll <e +re+are or o#ce commun#cat#on", re+rouct#on" an "u++l#e",
o#ce urn#ture an eu#+ment, com+uter harAare an "otAare, veh#cle", out"#e "erv#ce" an
the l#ke to match the a<ove oran#"at#on he"e A#ll <e "+#lt <etAeen the +ro@ect an #el o#ce !ter com+let#on o the e"t#mate the total /P* "erv#ce" A#ll <e checke aa#n"t "#m#lar
+ro@ect" an current h#"tor#cal ata
he co"t" or the Pro@ect anaer" /n#neer#n, Procurement an *on"truct#on anaement
"erv#ce" #nclue or:
Prouct#on /n#neer#n
• Deta#le De"#n en#neer#n
• Seconary con"ultant"
Pro@ect anaement Serv#ce"
• Pro@ect manaement an non-techn#cal "u++ort
• Pro@ect *ontrol"
• Procurement an *ontract"
• n"+ect#on an /=+e#t#n
• ;#nance an !ccount#n
• Saety an /m+loyment 5elat#on"
•
uman 5e"ource"• Document *ontrol
*on"truct#on Serv#ce"
• *on"truct#on manaement
• ;#el /n#neer"
• ;#el Pro@ect *ontrol"
• ;#el Procurement
• ;#el Saety
• ;#el 859
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
• early e"calat#on rate" to a++ly to all cateor#e" o the e"t#mate
*%% Contin1en.4
n +re+ar#n a ca+#tal co"t e"t#mate, #t #" a rare occa"#on Ahen everyth#n #" knoAn, "+ec##ean mea"ura<le o com+lete a ca+#tal co"t e"t#mate or a +ro@ect, one mu"t +rov#e or that
Ah#ch #" not ully knoAn, "+ec##e or mea"ura<le a" Aell a" that not ore"een #n orer to atta#n
a com+lete co"t #ure
he cont#nency to <e ae to the <a"e e"t#mate #" e#ne a":
“An allowance for goods and services which at the current state of project definition cannot be
accurately quantified, but which history and experience show will be necessary to achieve the
given project scope.”
he a""e""ment o +otent#al co"t an "cheule overrun an the e"t#mat#on o a++ro+r#ate
cont#nency level" #" an #m+ortant element o ca+#tal co"t e"t#mate" a" #t ty+#cally are""e""ome o the ma@or r#"k" to a +ro@ect
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
(a"#c #normat#on nee" to <e +rov#e <y the cu"tomer Ah#ch may #nclue the olloA#n:
• y+e o Plant
• Plant *a+ac#ty an <a"#c +roce""
• ?eora+h#c locat#on
• 5eu#re Start Date
Prel#m#nary en#neer#n Aork conucte <y /PL or the *u"tomer #" "omet#me" maeava#la<le to +rov#e a#t#onal #normat#on an #m+rove the ual#ty o the e"t#mate he
+rel#m#nary Aork may #nclue the olloA#n:
• Prel#m#nary +roce"" loA "heet"
• Prel#m#nary eu#+ment l#"t 8a@or tem"9
• ?eneral arranement raA#n" an "ketche"
• (roa a""um+t#on" on "#te con#t#on" an Et#l#t#e"
• !ctual return co"t ata rom "#m#lar +lant"
• !n outl#ne o the Pro@ect Scheule
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
• Where a l#ne +a""e" throuh more than one ac#l#ty #t A#ll <e coe to the ac#l#ty Ahere
the loA "tart" Where a l#ne +a""e" throuh a "k# a "e+arate l#ne num<er A#ll <e
#ven to the "k# +ort#on
• Where +#+e an #tt#n" are to <e #n"talle o"#te a" +art o a "k# or +rea""em<ly, th#"mu"t <e note <y a e"#nate al+ha <u#lt #nto the l#ne l#"t he /"t#mator A#ll then
a""#n "+ec#al coe" an rate" or th#" ty+e o Aork
• ;#tt#n co"t" A#ll <e calculate a" a com+o"#te Ae#hte rate or each "#.e an "+ec <y
the /"t#mator, <a"e on the #tt#n count <y ty+e rom the en#neer
Sta#nle"" P#+e A#ll #nclue "#.e" DN 70 8al"o9 an a<ove he e"t#mator A#ll #ent#y
"e+arately the uant#ty o +#+e an #tt#n" to <e "+oole <a"e on the +#+e l#ne l#"t"
an ater#al ake-o", no #n+ut rom en#neer#n #" reu#re
•
P#+e n"ulat#on l#ne l#"t" or ater#al ake-o" are reu#re "hoA#n nom#nal +#+e "#.e,ty+e o #n"ulat#on an cla#n, th#ckne"" o #n"ulat#on, lenth #n l#near meter" throuh
centrel#ne o all +#+e, #tt#n", valve" an +#+e "+ec#al" he /"t#mator A#ll actor #n the
e=tra co"t o #n"ulat#n #tt#n" #n the +#+e #n"ulat#on rate
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline
=*% *% sin1 )en.hmar/in1 and Histori.al !atan the uture, a /PL <enchmark#n tool A#ll <e evelo+e an mae ava#la<le to a""#"t #n
rev#eA#n a *la"" 3 e"t#mate at the e#ne +ha"e Pu<l#"he #normat#on #" ava#la<le, an can
<e u"e, hoAever #t" accuracy #" not alAay" knoAn n hou"e ata<a"e" are +reerre, a" the
<a"#" o co"t #" ual##e an uner"too to make a++ro+r#ate a@u"tment" *om+ar#n ca+#tal
co"t e"t#mate" reu#re" co"t" o "#m#lar +a"t +ro@ect" an reu#re" a@u"tment" or the neA
locat#on, t#me +er#o an #nra"tructure, Ah#ch u"ually reu#re" @uement or Aell e#ne
a@u"tment actor"
9.1.2 Pro-ration Estimates
Pro-rat#on e"t#mate" are a u#ck Aay to eterm#ne the co"t o a "+ec##c ac#l#ty or commo#ty tocheck or rea"ona<lene"", a" lon a" #t meet" the olloA#n reu#rement":
• Nee #"tor#cal ata or recent co"t" on a "#m#lar +lant an +roce""
• u"t <e near u+l#cate
• Shoul <e rea"ona<ly clo"e #n "#.e
• !@u"t or o-"#te" an ut#l#t#e"
• !@u"t or +ro@ect e=ecut#on #erence"
• !@u"t or e"calat#on an or locat#on
7/17/2019 Capital Cost Estimate Class 3 -Onshore Guideline