For preparation of project estimation the data’s are collected by the following questioners.
5.1 Category “Scope of supply”: What is the project main scope of supply?
• Identify the plant capacity to be going to supply
• Identify the type of oil to be processing
5.2 Category “Mechanical and Electrical equipments”: What is the cost of equipment & accessories needed to perform the scope of work?
• List all items of mechanical and electrical equipment to be purchased for the proposal project
• Identify purchase price for each item
• Calculate the total price
5.3 Category “Man power resources”: What is the staff time required to perform the project?
• Identify full and part time employees involved in the project
• Estimate the number of working hours they will work on the project
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• Estimate the expenses of Copy and Printing, telephone and postage charges
• Confirm is there is a need of insurance for the project supply materials
5.8 Category “Contingency”: What is the contingency cost to include in the project estimation?
• Identify the contingency to be considered in the project
• Calculate the total contingency
5.9 Category “Taxes and Duties”: What are the taxes and duties charges to be included in the project estimation?
• Identify the taxes and duties incurred such as excise duty, VAT/CST etc on works, equipments and services
• Calculate the total transport cost
5.10 Category “Bank guaranties”: Is there any bank guaranties to be issued to customer?
• Identify the type of bank guarantees to be required
• Calculate the total bank guarantee cost
5.11 Category “Penalty”: Is there any penalties are applicable in the project?
• Identify the type of penalties are involved
• Calculate the total penalties cost
5.12 Category “Profit”: What profits are to be considered in the project?
• Identify the profit margin
• Calculate the total profit