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The first volume in the ECI Pricing System series, this book deals specifically with the fabrication and erection of pipework. Pipework pervades all building and construction work and the cost of installation is a highly significant factor in total project cost and schedule performance - especially in the construcion of process plants where it can amount to 15% of total costs.
This document offers a structured approach to the contracting of such work which maximises clarity for contractors and owners alike. The ECI Pricing System will reduce bidding costs for owners and contractors alike and remove some of the ambiguities in the compensation basis and the risk allocation between parties. Additionally, the factor system it is based on lends itself to automation of the bidding effort and to the electronic pricing of engineering deliverables. The innovative aspect of the system is the fixing of the relative value for welding and erecting different piping material types, sizes, thicknesses and complexities together with the clear separation of direct and indirect costs.
