A consulting engineering firm is preparing a preliminary cost estimate for a 40-MW advanced combined cycle natural

Question:

A consulting engineering firm is preparing a preliminary cost estimate for a 40-MW advanced combined cycle natural gas-fired power plant. The firm, which completed a similar project in 2012 with a total cost (construction and equipment) of $809.2 million, wants to use a construction cost index to update the construction cost. If the construction cost was assumed to be 25% of the total cost and the index value in 2012 was 8570, estimate the cost of construction for a similar-size plant in 2017 when the index is 9324.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

Question Posted: