SK Engineering & Construction Improves Speed and Accuracy of Capital Project Cost Estimation with AspenTech Software
October 09 2018 - 9:00AM
Business Wire
Global Top-Tier City Developer and
Infrastructure Builder Deploys Aspen Capital Cost Estimator™
Software to Enhance Economic Evaluation of Capital Projects
Aspen Technology, Inc. (NASDAQ:AZPN), the asset optimization
software company, today announced that SK Engineering &
Construction, a global top-tier city developer and infrastructure
builder based in South Korea, has deployed AspenTech’s Aspen
Capital Cost Estimator™ (ACCE) software after a stringent selection
process. The ACCE software deployment will be used to produce more
accurate project cost estimates and bids, faster and more
efficiently.
The Engineering, Procurement & Construction (EPC) industry
requires a single, integrated platform to support engineering and
cost estimation, as it reduces cycle time and improves project
outcomes. AspenTech’s estimating software suite provides a single
economic model for concept evaluation; detailed design, plant
revamp and turnaround projects, as well as connects to AspenTech’s
process engineering software. This results in faster and more
efficient concept evaluation, which helps optimize the final design
of the asset.
Thomas (JaeYong) Kim, Senior Cost Estimator, SK Engineering
& Construction, said, “A critical success factor for EPCs and
owner operators is the ability to maximize efficiency early in the
design phase. AspenTech’s ACCE software has helped SK Engineering
& Construction maximize efficiency, accuracy and flexibility.
For example, the deployment of ACCE software helped a refinery get
started with minimal scope definition, increase estimation
accuracy, as well as save time and cost.”
“We are pleased that SK Engineering & Construction has
deployed Aspen Capital Cost Estimator™ (ACCE) software to achieve
asset optimization early in the plant design phase. Leading EPC
firms can partner with AspenTech to achieve engineering
productivity, generate new revenue streams, increase win rate and
reduce risk,” added Dr. Filipe Soares-Pinto, Senior Vice President
of Sales, Asia Pacific, AspenTech.
Supporting Resources
- SK Engineering & Construction
- Aspen Capital Cost Estimator™
(ACCE)
About AspenTechAspenTech is a leading software supplier
for optimizing asset performance. Our products thrive in complex,
industrial environments where it is critical to optimize the asset
design, operation and maintenance lifecycle. AspenTech uniquely
combines decades of process modeling expertise with big data
machine learning. Our purpose-built software platform automates
knowledge work and builds sustainable competitive advantage by
delivering high returns over the entire asset lifecycle. As a
result, companies in capital-intensive industries can maximize
uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com to find out
more.
© 2018 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, Aspen Capital Cost Estimator are trademarks of Aspen
Technology, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20181009005041/en/
Aspen Technology, Inc.Georgina Tan, +65 6395
3913Georgina.Tan@aspentech.com
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