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About: Chemical plant cost indexes     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Plant, within Data Space : dbpedia.org associated with source document(s)

Type: plant New Facet based on Instances of this Class

Chemical plant cost indexes are dimensionless numbers employed to updating capital cost required to erect a chemical plant from a past date to a later time, following changes in the value of money due to inflation and deflation. Since, at any given time, the number of chemical plants is insufficient to use in a preliminary or predesign estimate, cost indexes are handy for a series of management purposes, like long-range planning, budgeting and escalating or de-escalating contract costs.