Post date: Aug 26, 2017 2:29:08 AM
October 2017 Meeting Announcement
Topic: FPSO Bid, the Delicate Choice of Class of Estimate
Presenter: Ousmane Aidara, Group Estimating Manager for SBM Offshore.
In the FPSO Lease and Operate industry, bidding phases are generally short and presales cost often partly or totally paid by the Contractor. When it comes to prepare an offer for such uncompensated tenders, the Contractor always faces the difficult decision to know the sufficient level of project maturity to develop a confident price for a lump sum contract. Although AACE practices recommend having a class 2 or 1 estimate for a firm price, such level of maturity requires a long FEED with high cost. This leads to the development of a customized class 3 estimate sufficiently mature to develop a bid price for an FPSO project with an optimized presales cost.
Moreover, several construction models are involved where different estimating methods can be used. While using an analytical estimating method would require advanced engineering, the gain of accuracy appears to be limited when Contractors use internal standards with strong benchmarks.
This presentation refers to experiences acquired from this development for FPSO products, derived estimating methods, and recommendations that could be applied in other industries.
When: Tuesday, October 17, 2017
5:30 to 6:00 pm - Networking
6:00 to 7:30 +/- pm – Dinner, Recorded Technical Presentation from 2017 Annual Meeting, & Discussion to follow.
Where: Hixson Architecture-Engineering-Interiors
659 Van Meter St
Cincinnati, OH 45202
Phone: 513-241-1230
Cost: $20.00 per person with reservation; includes dinner and soft drinks. Cash or checks payable to Southwestern Ohio Section AACE.
RSVP: Please confirm your attendance, by noon Friday 10/13/17
via e-mail to: MDowning@Hixson-inc.com
Ousmane Aidara is Group Estimating Manager for SBM Offshore. He is responsible for the governance of all cost estimating activities in SBM OFFSHORE for Monaco, Schiedam, Houston, Rio, Kuala Lumpur etc. Review of estimating bids for all products: topsides, Vessel, Mooring systems, FPSO, FLNG, TLP, Semi-submersible, Spars, brownfield projects etc. Review of project cost from 1 M$ to 5 Billion$.