Cost Estimation
Xodus is skilled in creating costs estimates for a range of conceptual assessments. These normally fall into two categories: Concept and Brownfield. For Concept estimates, Xodus use Que$tor – a package that provides an excellent basis for comparison of concepts and is flexible enough to allow adjustment of norms and costs. This enables Xodus engineers to tailor any estimate based on their experience and any unusual aspects of a particular concept.
For Brownfield estimates, Xodus has developed a robust in-house methodology based on more detailed criteria (e.g. MTO’s). In our experience, producing an accurate brownfield estimate at a conceptual study stage is fraught with difficulty and there are no simplified models or spreadsheets based on equipment weight factors that can do the job.
However, we do know that the combination of experienced engineers and an early site visit is key to providing a reasonable basis for an estimate. Our engineers are supported by cost estimating professionals who ensure that the correct norms and market rates are applied.