Top Resources: Construction Costs
How do you figure out how much money is needed to build a chemical plant and outfit it with the correct equipment? Use the following sources to understand what your needs will be and how to cost them out.
- Chemical Engineering - Plant Cost IndexExcellent source for articles breaking down the though process for estimating plant startup costs. The Chemical Engineering Plant Cost Index (CEPCI) includes economic indicators, and current business indicators.
- Oil and Gas JournalNelson-Farrar cost indexes for refinery construction, equipment, labor, and operations are available up to 2017. Search Oil & Gas Journal for pricing on compressors, pumps, and other equipment or search for articles on plant costs to find more recent analysis.
- RSMean's Cost DataDetailed construction and labor costs per hour for various cities. Ask at the Hotel Library to use.
Green Building: Project Planning & Cost EstimatingPractical guidance on green building, including the latest on: materials, rating systems, standards, and guidelines, and energy efficiencies.
- Estimates of Manufacturing Investment, Capital Stock, and Capital Servicesdata on investment and capital stocks by industry and broad asset class are provided to the NBER
Top Resources: Labor Costs
Use the below sources to estimate compensation for your staff, including chemical engineers, plant managers, and other labor.
- Bureau of Labor Statistics (BLS)Statistics on U.S. chemical manufacturing output, labor costs, injuries, trends, etc.
- International Labor OrganizationStatistics on labor costs globally. Ideal if you are situating your factory abroad.