Cost Engineering

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Volker Westphal 

Senior Account Manager

Tel.:  49 (69) 797-84530

Cost Engineering

Estimation of investment costs for all project phases

For a first economic efficiency analysis a quick survey on the expected investment costs is often needed.

The Siemens Competence Center Cost Engineering, a part of Siemens Engineering and Consulting, has specialized in such cost estimations.

The challenge in cost estimation is to balance the stage of maturity of the project, the estimation methods, the required degree of precision and the expenditure of time for the estimation.

In cooperation with you, we elaborate the investment cost estimation for your process. Furthermore, we offer support on identifying cost of production for your product and carry out a risk analysis in order to identify the main cost driver of your investment.

Your benefit

  • Fast survey of investment costs to be expected, even in early project phases

  • Generation of a basis for management decisions

  • Risk analysis of the investment cost estimation

  • Survey of the subsections fraught with risk

Our scope of services

  • Estimation of investment costs for new plants, plant extensions and revamps

  • Calculation of investment costs at foreign locations

  • Calculation of investment costs for different capacities

  • Evaluation of third parties cost estimations and offers

  • Stochastic analysis of investment costs (risk analysis)

  • Price indication for technical equipment

  • Support in economic analyses