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) is published monthly under the heading Economic Indicators.
- Oil and Gas JournalCeased updating in 2017, the Nelson-Farrar cost index includes capital cost items and labor.
- 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.