Dredging is a capital-intensive industry, often involving only a few high-cost items of marine construction equipment on each project. It is an activity that frequently takes place in an inhospitable environment with high construction risks and lack of comprehensive site data, often leading to works variations, remeasurement and disputes. Cost information is crucial to the evaluation of these matters. Cost information for dredging equipment is also important to clients and consultants for evaluation of tenders, assessment of current and future operational costs, and selection of suitable dredging equipment.

This update to the Cost standards 2005 describes the characteristics of the various common types of dredging equipment. It then examines the philosophy behind the internationally accepted costing conventions that are prevalent in the industry today. On the basis of 40 years of data, it gives information allowing the non-direct costs relating to dredging equipment, the amortisation, maintenance and repair, to be estimated. These can then be incorporated into a detailed estimate of a dredgers running cost.

If you are an IADC member you can buy this publication for € 27,50, please contact IADC Secretariat.