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3. Size all of the equipment with the precision required to obtain the parameters needed for manufacturers’ cost quotations or to estimate costs from charts. 4. Analyze the process carefully to determine what “plant cost factors” should be used, and then prepare a detailed breakdown of the total plant cost package.Cost Estimation In Project ,9. Document the Estimate and Present to Management. Have documentation for each step in the cost estimate process to keep everyone on the same page (PDF) Chemical Processes Equipment ,By applying this method to highcapacity power generation, this paper has tried to estimate the cost of the balanceofplant (BOP) part among the equipment,
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