Feasibility Studies, Economic Evaluation and Cost Estimation

So you've got a challenge .......

You've got a couple of ideas you think might work .....

But which is the "best" ?

The Addisons team of experienced engineers and operations professionals can help you to make the right business decision by evaluating each option against as broad a range of factors as you specify:

technical/engineering viability/practicality - "imagineering"
capital cost
opportunity cost
operating cost (if scope definition allows)
regulatory compliance
risk assessment
implementation timing and operational impact
cash flow

and others which may be "option specific".

We can ask the "stupid questions" so that you don't have to!

Alongside the evaluation of options, cost estimates can be produced of increasing accuracy dependent upon the level of definition of the scope of any option/s:

Guesstimate - typically a factored estimate based on major equipment purchase cost
Pre-Authorisation - based on an outline scope definition and preliminary site layouts, process flow diagrams and P.& I.D.'s
Authorisation or Sanction Grade - produced after completion of the Process- or Front End Engineering- Design (F.E.E.D.); accuracy typically +10%
Control - produced towards the end of the Detailed Engineering phase and used to check adequacy of funding and as a Key Performance Indicator (KPI) for the implementation of the project

With this phased development of project concepts, working closely with client staff, we can ensure that the whole life cycle of a cpaital investment project is managed effectively so that your business objectives are achieved.

Let us help you to help yourselves to help your business move forward ......

Contact Richard Gunston or Kevin Heron for more information