What is an indirect cost & why does it affect your project?
By Chris Biondolilo, Roger Boles, and Crystal Bleecher
Indirect costs typically make up 40% of project capital costs. And unlike direct costs, they are not always readily identified. Recognizing and accurately quantifying these costs early in the design process, helps ensure that a project stays on budget and schedule.
Typical Bioprocessing project indirect costs include:
- Construction Equipment Rental
- Scaffolding and Construction Consumables
- Performance Bond
- Temporary Construction Utilities, Mobilization, & Demobilization
- Vendor Representatives
- Field Construction Supervision
- Commissioning & Start-up Assistance
- Freight and Taxes
- Permits & Insurance
- Construction G&A Overheads and Fees