Practical sheet | REF: FIC0955 V1

Price, a parametric cost estimation method

Author: Jean-Pierre PAYRE

Publication date: November 10, 2022 | Lire en français

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2. Search for influential technical parameters

Once the database has been established, it will be necessary to understand which technical parameters will have an impact on project costs. Two or three parameters may suffice to establish a relationship for calculating the cost.

These parameters will enable us to clearly identify the technical characteristics of the project in order to distinguish its specificity.

The following examples illustrate influential parameters in a number of industrial and service sectors.

  • In civil engineering, the number of cubic meters of concrete and the mass of reinforcement used are two influential parameters.

  • When it comes to electrical installation, the length of cables classified by cross-section and the length of cable trays, as well as the length and volume of electrical...

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