#1
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FEL/FEED cost % I Have been in project management field for more than 10 years now and one questions always bothers me is the Front End loading costs for large greenfield project say $250millions and upwards. Historically I have worked on the basis of around 1-1.5 % on FEL1 process around 4% on FEL 2 process and 7-10% of the estimated cost of entire project. would like to know your thoughts |
#2
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Fel/feed Assuming that Engineering should be only about 15% of TIC, and FEED (Basic Design) should only be about 1/3 of that (or 5% of TIC), I think your breakdown is a bit high. Your ratios seem about right - 5%, 25%, 70% for FEL 1,2,3 respectively. Actually, the 1/3 seems too much. I hope a real estimator would step in here. |
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