New Industry Specific Application Features Richardson Process Plant Cost Database for Rapid Modeling and Estimating
October 2, 2008 – Scottsdale, AZ – Hard Dollar Corporation, the leading provider of Project Cost Management solutions, and Cost Data On-Line have announced that Hard Dollar has developed a dynamic integration from its cost library to the Richardson Process Plant Cost Database. In addition to integrated support, Hard Dollar will also be distributing the Richardson database as an optional item for its global customers. The Hard Dollar Project Cost Management solution provides both Owners and Contractors a high degree of confidence in estimating and managing complex capital projects.
Richardson’s is the recognized leader as the most complete set of cost standards for the process plant industrial markets including Oil and Gas, Chemical Plants, Manufacturing Facilities, Solid Processing, and Water Treatment plants. Hard Dollar customers now have access to over 190,000 line items that they can use to rapidly model, baseline and provide preliminary cost estimates when designing and estimating the cost associated with building new plants, and re-tooling existing plants. Richardson,s data base includes material rates, assemblies, piping, values and Davis Bacon wage rates from over 120 different cities.
Doug Nicholas, CEO of Hard Dollar Corporation, stated, “Linking with Richardson’s Process Plant cost standards adds additional value to our “Oneness” level of integration with 3rd-party tools and data sources. The Hard Dollar library now offers our growing industrial market customers another resource for rapid cost estimating. Hard Dollar’s open library allows our customers to access any data source, like Richardson’s, RS Means, and internal historical databases, instead of having to build a Cost Database from scratch. Hard Dollar is well known for its flexibility, ease of use and ability to do rapid and detailed cost modeling and estimating. We are the only Project Cost Management solution that integrates 3rd-party cost data with Microsoft Project and Primavera scheduling systems to dynamically see the impacts and interactions between cost, time, and changes.
John Heitkamp, President of Cost Data On Line, providers of Richardson’s, recognized Hard Dollar’s advanced integration between cost and scheduling as a required market need and incredible vehicle for the delivery of Richardson’s highly sought after engineering cost data. Heitkamp noted, “At Cost Data On Line, Inc., we are excited that Hard Dollar will bring its acclaimed “Oneness” level of integration to our Richardson Process Plant Construction Data and take usability to a new level. We have received many requests for our data to be offered within Hard Dollar, and we feel this will serve our mutual clients and markets well.”
Availability and Pricing
The Hard Dollar Process Plant system with Richardson’s cost data will be available from Hard Dollar immediately. A one user license for the Richardson’s Process Plant Cost Database will start at $4,600.00 and is updated on a quarterly basis.
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