Estimation

With the ever-changing situations found in the industry today, competitive global cost estimates play a vital role in project outcomes.

At PSG, we have the tools, techniques, and highly qualified teams with Estimation knowledge in greenfield, brownfield & turn around project environments, throughout all the phases of the project life cycle i.e. from conceptual study estimates to detail estimates (AACE Class 0-5).

Services Offered

Project Coordination

Specific direction for clients, project managers, all disciplines, procurement; & construction teams

Estimations based on WBS, CBS, and CWP

Develop cost estimates based on Work Breakdown Structures (WBS); Cost Breakdown Structures (CBS), and Construction Work Package (CWP).

Green Field, Brown Field, and Turnaround Estimates

Delivering all types (0-5) of Estimates on Projects

Review Drafting

Third-party estimates, owners cost temporary construction costs, etc.

Analysis & Implementation

Analyze & implement rate of placement, productivity, location analysis, sourcing impact, allowances, escalation, contingency & owners cost, etc.

Material Take Off (MTO)

Developing and verifying MTOs, procuring equipment, and bulk quantities from P&IDs and drawings, along with the scope documents, Project Execution Plans (PEP), contract drafting, supply sourcing, and location surveying.

Unit Pricing

Determining pricing and labor costs for the civil, piping, electrical; instrumentation, and mechanical accounts

Risk Analysis

Analyzing risks to project, estimates and scheduling based on technical, economical, commercial, organizational, and political factors affecting project contingencies.

Change Management

Providing accurate financial control, analysis of cost drivers, and timely cost reporting. Execution and analysis of change management systems, trend analysis, change implementation, and logging.

Closing Out

Presenting estimations and basis of estimations to the Executive Board and Stakeholders for approval.

Lessons learned

Periodically reviewing departmental processes, procedures, and standards, identifying areas of improvement, potential deficiencies, and taking the necessary corrective action to maintain quality.

“Success is not final; failure is not fatal: It is the courage to continue that counts.”