Cost Indes Clause Samples

Cost Indes. It is proposed to use the EPCCI Index The cost indexes are used to adjust the process plant construction costs from one period to another. Indeed, historical data can be used in the cost‐estimating methods. Cost in year A = Cost in year B x Cost index in year A / Cost index in year B Although the cost indexes are defined in several ways, it consists generally of dimensionless composite indexes updated regularly and calculated with appropriate weighting factors to get the best estimate from several sub‐indexes based on different prices of equipments (heat exchangers, tanks, pumps, compressors, etc.) and structures (construction, building, engineering and supervi‐ sion). They do not usually take into account regional variations and are restricted to a particu‐ lar region, generally including many of the EU countries. The indexes available for process industries include CEPCI (Chemical Engineering Plant Cost Index), IC (Intrantec Chemical plant construction cost index), M&S (▇▇▇▇▇▇▇▇ & Swift equip‐ ment cost index) and NF (▇▇▇▇▇▇‐▇▇▇▇▇▇ refinery construction index). In the specific field of power generation, the EPCCI (European Power Capital Costs Index) defined by HIS CERA tracks the costs associated with the construction of a portfolio of power generation plants (coal, gas and wind) in Europe and indexed to year 2000 (next Figure 3).