Intratec Plant Construction Index Enables users to scale capital costs from one time period to another. The index reconciles prices trends of fundamental components of a chemical plant construction such as labor, material and energy, providing …
Chemical Equipment Plant Cost Index (CEPCI) and other business indicators. NOTE: Beginning May 2012, the Marshall & Swift Equipment Index is no longer available in Chemical Engineering and there are no other local sources for that index. Older values for Marshall & Swift can be found in issues prior to May 2012.
Covers unit prices for chemical plant construction in the Netherlands. Annual averages included. Every 2 years, since June 1959. Published in Dutch. New Zealand: Ministry of Works and Development Construction Cost Index: Construction: General: Ministry of Works and Development, P.O. Box 12, Wellington North 041, New Zealand
The chemical engineering plant cost index correlates well with macroeconomic factors. Current oil prices and current and past interest rates are the independent predictors. These predictors may also reflect market conditions, inflation and unit labour costs. The correlation is accurate within 3% over the period 1958–2011 and 1% over 2004–2011.
For more than 46 years, chemical process industries (CPI) professionals — engineers, managers, and technicians — have used Chemical Engineering 's Plant Cost Index (CEPCI) to adjust process plant construction costs from one period to another. This index — rather, indexes, as it consists of a composite index and eleven sub–indexes ...
A2.9: Cost Index for Structural Steel 80 A2.10: Cost Index for Carbon Steel Pipe and Tubing 80 A2.11: Cost Index for Field Erected Steel Tanks 81 A2.12: Cost Index for Heat Exchangers and Condensers 81 A2.13: Cost Index for Fin-Tube Heat Exchangers 82 A2.14: Cost Index for Industrial Mineral Wool 82 A2.15: Cost Index for Refractories, Non-Clay ...
Historical costs of chemical process plants can be updated by using Intratec's Plant Construction Index (IC Index). Intratec Chemical Plant Construction Index Published on …
Chemical Engineering Index, CE: composed of 4 major components – equipment, construction labor, buildings, and engineering and supervision – the index is employed primary as a process plant construction index, was established using a base period of 1957-1959 as 100. The CE Index is updated monthly and it lags in time by about 3 months.
Cost estimating advice · Perry's Chemical Engineers' Handbook (8th Edition) or 7th Edition Chapter 9. Includes capital costs for several plants, equations for some equipment, etc. · Oil & Gas Journal (search plant costs, chemical prices, Nelson-Farrar refinery construction index, refinery operating costs) · Quizzes, glossary, equipment cost estimator
Cost Estimation Chemical Engineering projects Before the plant to be operated, specified money must be supplied to purchase and install the equipment. The capital needed to supply the necessary plant facilities is called fixed capital investment while that for the operation of the plant is called the working principal and sum of two capitals…
Nelson-Farrar refinery cost inflation index Chemical Engineering, plant cost(72) Federal Highway Construction Bid Price(73) Handy Whitman, public utility construction BuLabor Statistics Consumer Price Index(74) BuLabor Statistics Producers Price Index(65) AED Average Rental Rates for Construction Equipment(75)
As a result, chemical plant construction cost in China is affected by to the joint forces of both domestic and international price inflation, the factors of which include cost inflation within China, cost inflation in the exporting countries, labor productivity, as well as fluctuations in China's foreign exchange rates.
Chemical Engineering's PLANT COST INDEX database covers monthly plant construction cost indexes in eleven cost areas, dating from 1947 to present. It is exactly the database needed to adjust plant cost expectations from one period to another. Complete this form today and receive online access to Chemical Engineering's Platinum membership, which includes:
Producer Price Index by Commodity: Machinery and Equipment: Construction Machinery and Equipment. Index 1982=100, Monthly. Seasonally Adjusted Jan 1982 to Dec 2015 (Feb 17) Not Seasonally Adjusted Aug 1939 to Sep 2021 (Oct 14) Producer Price Index by Industry: Other Heavy Machinery Rental and Leasing: Construction Equipment Rental and Leasing.
The most common of these indexes are the Marshall and Swift all-industry and process-industry equipment indexes, the Engineering News-Record construction index, the Nelsotl-Fatrar refinery construction index, and the Chemical Engineering plant cost index. Table 3 presents a list of values for various types of indexes over the past 15 years.
The Plant Cost Index William M. Chemical Engineering 109.1 (Jan 2002): 62-70. Introduction For more than 37 years, chemical process-industry professionals-- engineers, managers, and technicians -- have used the Chemical Engineering Plant Cost Index (CEPCI) to adjust process plant construction costs from one period to another. Page 8/27
Basic chemical and chemical product manufacturing (+9.3%), due to rising crude oil prices, record freight costs and delays at major international ports affected by COVID-19 cases. Offsetting the rise, was a price falls in: Metal ore mining to manufacturing (-1.3%), due to reduced demand in iron ore from China driven by strict emissions policies.
Intratec Chemical Plant Construction Index, IPC: a process plant construction index developed by Intratec, a chemical consulting company. Although cost indexes do not usually forecast future escalation, the IC Index stands out for presenting a smaller delay between release date and index date, besides a 12 months forecast.
CEPCI (Chemical Engineering Plant Cost Index) is available in each print issue of Chemical Engineering.The last page of each issue is devoted to Economic Indicators (CEPCI, Current Business Indicators, Consumer Price Index, and Current Trends, an overall look at how the CEPCI has changed in the recent months).
Current issues of the print, are located in the Current Periodicals area on the 1st Floor of Evans Library in the reading Room under TN1.M45. Older issues of Chemical Engineering (i.e., 2015 and older) are on the 3rd Floor also under TN1.M45. Oil & Gas Journal. Contains the Nelson-Farrar Cost Index for petroleum refinery construction.
Construction Cost Indexes. ... a industrial plant in 16 countries. Plans from $ 149 USD /year. Learn More Subscribe . Construction Location Factors. Convert plant construction costs between countries. Plans from $ 149 USD /year. ... Learn More . Plastics & Polymers. Learn More . Inorganic Chemicals. Learn More . Fertilizers & Food. Learn More ...
• Nelson-Farrar Refinery Construction Cost index. Skilled and common labor, iron and steel, building materials, miscellaneous equipment. Published in "Oil and Gas Journal". N-R value of 100 in 1946. • Chemical Engineering Plant Cost Index. Chemical Plants. Equipment, machinery Engineering and supervision supports 61% 10%
5. Upon clicking "Display Results," the user will be asked for a date, and then for the value of the Chemical Engineering (CE) Plant Cost Index. The default values are Jan. 2002 and CE index = 390.4 (the basis for the calculated costs).
An appropriate index indicates a 2011 index value of 1.56 and a 2013 index value of 1.76. Thus, the 2011 historical cost must be escalated to 2013 dollars as shown below: Next, the escalated cost must be scaled to account for the difference in size …
The first step is to determine the cost index for our two dates. Referring to Table 2, the CECPI index for 2001 is found to be 394.3 (our base index for this example). Consulting a recent issue of Chemical Engineering magazine, the CECPI index for 2006 is found to be 499.6 (the current index for this example). The student may be
2021 CEPCI updates: January (prelim.) and December 2020 (final) The preliminary value for the CE Plant Cost Index (CEPCI) for January 2021 (the most recent available) shows another significant increase from December 2020. The current value is the fourth consecutive monthly increase, and the second consecutive monthly increase of over 5 points.
More detailed breakdowns by asset-class, cost of raw materials, and labor elements, are produced and issued quarterly to subscribers. Industry estimators, project planners, project managers, and appraisers can use the NFCI Construction Cost Index data to develop reliable estimates for current or future project costs.
Cost indexes are used to estimate future construction costs, based on algorithms that track inflation/deflation applied to known past capital cost figures. The principal indexes used to estimate plant construction costs are listed below. Personal subscriptions are generally required to view this information online.
Yearly refinery construction indexes listed for 85+ years. Jan. 4, 2016. Here are yearly values for the Nelson-Farrar refinery inflation cost index since 1926.
"Current Costs" or "Historical Indices". Unfortunately no free cost index information is offered at the Chemical Engineering magazine website. About the CEPCI number Since we will be using the CEPCI value in an example, let's examine its makeup. The index was established in the early 1960s using the period of 1957-1959 as a base of 100.
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