Compiling comprehensive structured cost estimates with multiple views with data teqniques that encourages estimate refinement, iterations and comparative options. Includes all elements for the complete project cost, including equipment, materials, construction, installation, engineering, design and management, owner’s cost, commissioning and operational readiness.
Cost estimating is allocated simultaneously to concepts like project phases; work breakdown structure (WBS); disciplines; client accounting allocation; procurement package allocations; elements. VDDB provides as much as required and integrates with client and engineers’ requirements.
The cost estimates are compiled in a structured but flexible database format which is set up for the particular project requirements.