How do you deal with a lack of basis material for your project cost estimates? Happens all the time – you are requested to provide a cost to your management for a project in the early FEED stages of project development and are not given enough information to feel confident you have the right number.
How do you know you don’t have what you need? What does the ‘right number’ mean? What is the industry standard say? What is the norm? Why is the norm so damn bad? How do you overcome this? Who is responsible for compiling this information? Why is it important? Can’t you just throw down a number? Rob explores these questions and more in this episode of the podcast.
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