CASE STUDY

Cost Estimation for Brownfield Projects & Project Bidding

INDUSTRY
EPC
LOCATION
World Wide
BUSINESS
EPC
Challenge

A large EPC wanted to improve accuracy and reduce the time its workforce spent working with engineering drawings in order to optimize its cost-estimation process. Improper cost estimation throughout the industry leads to cost overrun, delayed schedules, scope-creep, and many other project-related failures. A proper estimate minimizes overall risk, promotes good work practices, and ensures a greater level of customer satisfaction.

Solution

Using DataSeer, process engineers extracted information (counts, attributes, connectivity) about valves, instruments and line numbers from diagram PDF images in brownfield engineering projects or during bid phases, where CAD source formats are not available.

Results

The EPC firm expects to reduce their process time in identifying material counts by 90%. This increased efficiency and accuracy will result in lower direct costs for producing bids. Additionally, the increased accuracy and reduced time to develop a bid mitigates the inherent risk in the bid amount, especially when lump-sum pricing is needed. Improving confidence in the estimates empowers the company to make more effective bids and ultimately be awarded more projects.