The success of a project often depends on the extent of scope definition prior to project approval. Major project decisions must be made early. This gives maximal opportunity to influence costs.
Forecasting the cost of facilities needed for an investment proposal:
The cost of installation, materials and labour cannot be established with certainty until a substantial amount of engineering work has been undertaken. This can rarely be justified before a decision to proceed is reached and furthermore cannot be completed until a significant commitment has been entered into.
A Feasibility Study is undertaken to asses the economic and technical viability of a potential project.
Mincore is staffed with resources who possess a range of engineering and evaluative skills.
Mincore is experienced also in the structuring of capital and operating cost estimates in a form suitable for financial evaluation