IEEE 3001.4-2020

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IEEE Recommended Practice for Estimating the Costs of Industrial and Commercial Power Systems

Published By	Publication Date	Number of Pages
IEEE	2020

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Description

New IEEE Standard – Active. Described in this recommended practice are methods for estimating the costs of industrial and commercial power systems, both new and those undergoing expansion or modernization. This recommended practice is restricted to the development of the relative capital cost of industrial and commercial power distribution systems. While this document briefly points out considerations related to total cost or true cost, as well as some technical considerations, other standards and references should be referred to for a thorough analysis of these aspects of power distribution systems. This recommended practice is likely to be of greatest value to the power-oriented engineer with limited experience in this area. It can also be an aid to all engineers responsible for the electrical design of industrial and commercial power systems.

PDF Catalog

PDF Pages	PDF Title
1	IEEE Std 3001.4™-2020 Front cover
2	Title page
4	Important Notices and Disclaimers Concerning IEEE Standards Documents
7	Participants
9	Introduction
10	Contents
11	1. Scope 2. Normative references 3. Definitions, abbreviations, and acronyms 3.1 Definitions
12	3.2 Abbreviations and acronyms 4. Estimating, a critical process to project success 4.1 Introduction
15	4.2 Cost estimating users and uses
16	4.3 Capital costs (company practices, accounting practices) 4.4 Commissioning and training costs
17	4.5 Operating costs, installed cost plus variables, inflation 4.6 Total cost (return on investment, net present value, operating life)
19	4.7 Required information
20	5. Factors to consider
21	6. Preparing the estimate 6.1 General
22	6.2 Company practice 6.3 Third party tools and programs (commercial software) 6.4 Project feedback, comparison with estimate, update procedures
23	6.5 Classes of estimates 6.6 Detailed estimate
24	6.7 Cost categories
26	Annex A (informative) Example A.1 General A.2 Design data A.3 Supporting data
37	Annex B (informative) Selected sources for estimating information
38	Annex C (informative) Bibliography
40	Blank Page
41	Back cover