least, the author wishes to thank his constantly helpful wife Maggie and
his secretary Pat Weimer; the former for her patience, encouragement,
and for acting as a sounding-board, and the latter who toiled endlessly,
cheerfully, and most competently on the book's preparation. CONTENTS
Preface / iii 1. INTRODUCTION / 1 Frequently Used Economic Studies / 2
Basic Economic Subjects / 3 Priorities / 3 Problems / 6 Appendixes / 6
References / 6 2. EQUIPMENT COST ESTIMATING / 8 Manufacturers'
Quotations / 8 Estimating Charts / 10 Size Factoring Exponents / 11
Inflation Cost Indexes / 13 Installation Factor / 16 Module Factor / 18
Estimating Accuracy / 19 Estimating Example / 19 References / 21 3.
PLANT COST ESTIMATES / 22 Accuracy and Costs of Estimates / 22 Cost
Overruns / 25 Plant Cost Estimating Factors / 26 Equipment Installation
/ 28 Instrumentation / 30 v vi CONTENTS Piping / 30 Insulation / 30
Electrical / 30 Buildings / 32 Environmental Control / 32 Painting, Fire
Protection, Safety Miscellaneous / 32 Yard Improvements / 32 Utilities /
32 Land / 33 Construction and Engineering Expense, Contractor's Fee,
Contingency / 33 Total Multiplier / 34 Complete Plant Estimating Charts
/ 34 Cost per Ton of Product / 35 Capital Ratio (Turnover Ratio) / 35
Factoring Exponents / 37 Plant Modifications / 38 Other Components of
Total Capital Investment / 38 Off-Site Facilities / 38 Distribution
Facilities / 39 Research and Development, Engineering, Licensing / 40
Working Capital / 40