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Posted On: 01/12/2019 9:23:37 AM
Post# of 4466
Re: DieselBuzz #4308
Actually, MMEX's proposed Phase I rudimentary topping unit is a tiny project. As specified and permitted, it isn't even a complete process unit.
Competence in the sector includes basic cost estimating, and there is no unknown, or technology risk in a project like this. In fact, the design tools themselves produce accurate cost estimates, if they're used correctly, so MMEX has no excuse for such a large gap - $39-million - in the estimate.
Similarly, competent, experienced EPC firms design, procure and build on fixed-price contracts as a regular element of doing business - overruns are rare, so once again MMEX is an anomaly. No legitimate company would do business that way.
It helps to have actual sector knowledge, rather than spouting empty unfounded opinions - significant cost overruns, especially before a project is even started are almost unheard of in this industry - unless one's running a share-selling scheme like MMEX.
Competence in the sector includes basic cost estimating, and there is no unknown, or technology risk in a project like this. In fact, the design tools themselves produce accurate cost estimates, if they're used correctly, so MMEX has no excuse for such a large gap - $39-million - in the estimate.
Similarly, competent, experienced EPC firms design, procure and build on fixed-price contracts as a regular element of doing business - overruns are rare, so once again MMEX is an anomaly. No legitimate company would do business that way.
It helps to have actual sector knowledge, rather than spouting empty unfounded opinions - significant cost overruns, especially before a project is even started are almost unheard of in this industry - unless one's running a share-selling scheme like MMEX.
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