Is the labour rate of a welder the same in Sweden as it is in Brazil? Probably not, you would say. But how much does it differ? And what does that difference depend on? Is the labour rate the only thing you should take into account when choosing the right cost data or are there more factors to take into account? You would like to know what drives the differences in cost data when you’re working on a project estimation in a different region. Find out by reading this blog.
Engineering is paramount during all phases of the project life cycle: initiation, planning and design, implementation and closure. In this article, we have a closer look at the design phase and explore how data can help you improve the efficiency of engineering during the design phase.
Recent developments in the field of energy generation and distribution, as well as political trends, have had a noticeable impact on the energy generation market. The focal point for investments is steadily shifting towards the installation of renewable energy generation, despite private investors being cautious about taking the step. This development implies that a significant portion of new projects searches to exploit relatively new technologies.
To maximize the accuracy of your cost estimates, you are heavily dependent on your cost data. Based on where you are located or where you conduct business, you might need to use the imperial or metric system for your cost data.