Project Services

PROJECT COST ESTIMATION BASIS

Straa supports clients to establish principles, methodologies and basis for the preparation of various types of cost estimates at different stages of the project from initiation to project completion. We consistently provide standard basis. We aim to support clients to develop appropriate project capital cost as per Estimate classification for the following phases of project development.

  • Concept Development
  • Feasibility Study
  • Front End (FEED)
  • Detail Engineering

For each cost estimate Class, we can support Clients to review maturity level of estimate input with project definition deliverables. Based on Industry benchmark and our expertise, we assist clients to predict accuracy of estimate based on project scope definition to set as +/- percentage around base estimate for each Class.

Our objective is that clients get alignment in estimate cost data and schedule data at a level to ensure efficient management of project progress and cost control in integrated manner, within budget and schedule.