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Career in EPC Cost Estimation by Praveen Tiwari

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Career in EPC Cost Estimation by Praveen Tiwari

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29 enrolled
1456 views
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1 hrs
-
English
1456 views
Team EveryEng
Team EveryEngMechanical Engineering
  • Session recordings included
  • Certificate of completion
Volume pricing for groups of 5+

What enrolled engineers say

6 verified reviews
  • May 3, 2026

    Straight talk on the messy parts of EPC estimating, without hand-waving. The contingency build‑up walk‑through in the Class 3 estimate chapter stuck, especially the piping takeoff drift example and how small arch assumptions snowball under escalation math. From a TeamLead lens, it helped me review cost PRs with the same rigor as a repo check before prod, which matters in energyutilities budgets. mostly good, though I wasn't sold on the light touch around schedule risk; still, mining the anti‑patterns section alone justifies the time.

    Balaji P. · mechanical engineer Verified
  • May 3, 2026

    Module 3's WBS-to-BOQ takeoff example clarified EPC cost drivers; it's practical, though I wasn't sold on contingency math.

    Vipin V. Verified
  • May 3, 2026

    Came to this while trying to see how the estimating approach scales once projects move past small bids into nine‑figure EPC work. The chapter on Class III vs Class II estimates stuck, especially the piping MTO example where he walks the contingency math and why it shifts by maturity; I paused and checked it against a repo of old estimates at work. It’s pragmatic about WBS to BOQ mapping, vendor quotes, and escalation assumptions, not theory, and that tracks with how things break in prod when scope creeps. I wasn't sold on the tooling angle though—there’s light mention of spreadsheets, but I wished for more on review cadence or PR‑style checks before numbers go external. Context fits oilgas EPC and infra pretty well, less so for pure owners‑engineer roles. I wrapped up with notes to tweak our internal estimate arch and a short list of follow‑ups for the next bid cycle.

    Mohammed O. Verified

Is this course for you?

You should take this if

  • You work in Oil & Gas Upstream or Energy & Utilities
  • You're a Chemical & Process / Electrical Engineering professional
  • You prefer live, instructor-led training with Q&A

You should skip if

  • You need a different specialisation outside Chemical & Process
  • You need fully self-paced, on-demand content

Course details

Course suitable for

Key topics covered

  • Overview of EPC
  • Objective of Cost Estimates
  • Basic Concepts of Cost Estimation
  • Common Queries:
  • Is Cost Estimation a technical role?
  • How can I become a cost engineer
  • Do I need to be an MBA?
  • Professional Certifications
  • Interactive Q&A


Opportunities that await you!

Career opportunities

Training details

This is a live course that has a scheduled start date.

Live session

Starts

Sun, Oct 20, 2024

10:39 AM UTC· your timezone

Duration

1 hour per day

COMPLETED

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Questions and Answers

A: — that's the most common mistake, assuming pressure is your only handle. Gas velocity through the vapour space is what’s breaking your droplet size distribution, and raising pressure often worsens re-entrainment while also shifting phase behaviour. Lowering the liquid level buys vapour disengagement height immediately, stays within P&ID control philosophy, and doesn't force an unplanned OPEX swing that will get challenged under COMAH scrutiny.

A: — that's where people quietly over-spec and blow the estimate. The partial pressures put you in the carbon steel + inhibition envelope per NACE MR0175, and MEG is already in the operating philosophy. Stainless looks safe but drives both material and welding cost with no added risk reduction under these conditions.

A: — that slip usually comes from mixing standard and actual conditions. API 12J capacity hinges on actual gas volumetric flow in the vessel, not MMSCFD at base conditions, and you don't get to 'earn back' diameter by optimistic demister assumptions when you're costing for audit.

A: — that's where people confuse cracking modes with general corrosion. Oxygen contamination pushes you into aggressive carbonic acid attack in the overhead system, and the temperature is nowhere near where dry oxidation would dominate.