Oil & Gas Industry Benchmark # 1

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oil & gas industry benchmark 1 Petro-Chemical & Gas Facilities – Engineering, Procurement and Construction (EPC) Benchmarking Data: (Data collected from 12 completed EPC projects in USA & Canada) Typical Benchmark Percentages & Cost Ranges related to North American Petro-Chemical, Industrial & Gas Facilities. Applicable to New & Revamp CAPEX / Facility Projects with a Total Installed Cost (TIC) value between $10 million & $150 million.
NumberPercentages & Ratios Low RangeHigh Range
1Site Works as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.020.045
2Concrete as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.1150.165
3Structural Steel / Platforms /Siding as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.1050.185
4Piping as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.450.7
5Piping Material (Inside Battery Limits - ISBL & Outside Battery Limits OSBL) as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.190.485
6Piping Labor (Inside Battery Limits - ISBL & Outside Battery Limits OSBL) as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.41.25
7Direct Construction Labor as percent of Total Installed Cost (TIC).0.650.35
8Indirect costs (Support Labor, Field Establishment, and Construction Equipment) as percent Direct Labor Cost.0.251.25
9Piping Labor as percent Direct Labor.0.150.55
10Instrumentation Labor (Inside Battery Limits - ISBL & Outside Battery Limits OSBL) as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.060.145
11Instrumentation Materials (Inside Battery Limits - ISBL & Outside Battery Limits OSBL) as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.0650.165
12Electrical Labor (Inside Battery Limits - ISBL & Outside Battery Limits OSBL) as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.0950.175
13Electrical Materials (Inside Battery Limits - ISBL & Outside Battery Limits OSBL) as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.070.185
14Overall Major Equipment (M.E.) cost multiplier to obtain Total Installed Cost (TIC).35.5
15Buildings & Structures as a percentage of Major Equipment (M.E.) cost, excludes M.E.setting.0.0480.113
16Off sites scope percentage of Total Installed Cost of Facility.0.150.3
Download PDF A more detailed list of construction benchmarks, ratios and cost models is contained in our 2018 Front End / Conceptual Yearbook.

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