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Aspen Capital Cost Estimator
(formerly Aspen KBase®)
Detailed economic evaluation for basic and detailed engineering
Aspen Capital Cost Estimator is built on Aspen Icarus™ technology and is designed for use throughout the estimating lifecycle to generate both conceptual and detailed estimates. It follows a unique approach where equipment, with associated plant bulks, is represented by comprehensive design-based installation models. It can also be used with Aspen Process Economic Analyzer to enable companies to leverage detailed estimating knowledge into engineering process evaluation and business decision analysis. Aspen Capital Cost Estimator is a core element of AspenTech’s aspenONE™ Process Engineering applications.
Features
- Project Scope Definition: An EPC (engineering-procurement-construction) model is created from Aspen Icarus components (equipment, plant bulks, site development, and building models) using industry-standard engineering deliverables such as equipment datasheets/lists, plot plans, and general arrangement drawings
- Both in-plant and modular (truckable and bargeable) construction techniques are supported
- More detailed documents, such as piping & instrumentation diagrams (P&IDs) may also be used, if available
- Projects can be based on any existing projects that used Aspen Icarus technology, such as Aspen Capital Cost Estimator, Aspen Process Economic Analyzer, or Aspen In-Plant Cost Estimator
- Define contract structures for multiple engineering and construction contractors based on reporting and fee structure and work packages assigned to each contractor
- Company Costs and Methodologies: Supports four regional locations: US, UK, Europe, and Japan. A country or project standard basis can be customized to more accurately model the specific costs for a company.
- Labor rates, contractor fee structures, classes of rental equipment, vessel design code, electrical classification, and units of measure, etc., are easily defined by project or by project area for the evaluation of more complex projects
- Design, scope, and economics can be further affected by configuration of additional information by discipline: equipment, piping, civil, steel, instrumentation, electrical, insulation, paint, etc
- Analyze Project Execution Strategies: Based on changes in scope, design, construction techniques, etc.
- Quantify schedule gains by relying on internal algorithms that balance the increased resource pool with reduced productivity, among other factors
- Completely move a project from one known construction location to another using one of the 89 locations contained within the product
- Automatically scale the size of a project to either increase or decrease capacity for capital cost studies using actual equipment and quantities rather than scaling factors
Benefits
Aspen Capital Cost Estimator has provided benefits across a broad range of industries, including refining, petrochemical, chemical, specialty chemical, pulp and paper, mining & minerals, pharmaceutical, and food & beverage industries. Benefits include:
- Supports generation of project proposals and evaluation of the authorization of funds
- Develops highly accurate estimates from conceptual process definitions
- Controls project costs with trending estimates during basic engineering
- Generates detailed estimates and implementation schedules for large EPC projects from minimal information
- Models and analyzes project execution strategies to determine the most effective combinations; defines project execution strategies for multiple subcontractors
- Quantifies cost and schedule changes with variation in design standards and specifications, construction techniques, construction workweek, mandatory field overtime, multiple shifts, and use of remote fabrication shops
- Easily manages change orders during all phases of a project
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Product Name Changes
With the release of aspenONE V7, we have renamed many of our engineering products to be more descriptive for new users. Click here to learn more
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