| total direct cost (TDC) |
|
| purchased equipment cost (PEC) |
|
| land |
8% of PEC |
| buildings, process, and auxiliary |
10% of
PEC |
| equipment installation and painting |
25% of PEC |
| instrumentation and controls
(installed) |
10% of PEC |
| piping
(installed) |
10% of PEC |
| electrical
system (installed) |
10% of PEC |
| service facilities and yard improvements |
40% of PEC |
| total indirect cost (TIC) |
|
| engineering and supervision |
5% of TDC |
| legal expense |
1% of FCI |
| construction expense and constructor’s free |
10% of FCI |
| contingency charges |
5% of FCI |
| fixed capital investment
(FCI) |
TDC + TIC |
| working capital
investment (WCI) |
5% of FCI |
| total capital investment (TCI) |
FCI + WCI |
