Case Study: SK E&C reduces engineering estimating man-hours by 50% with Aspen Technology’s Aspen Capital Cost Estimator™

Korea's SK E&C Reduces Engineering Estimating Man-Hours by 50% With Aspen Capital Cost Estimator

SK E&C, a global EPC turned Total Solution Supplier, faced fierce competition on capital project bids and needed better accuracy, repeatable data for Class IV estimates, and time to optimize bids rather than just develop them. To address these challenges, SK E&C adopted Aspen Capital Cost Estimator (ACCE) from Aspen Technology as their integrated estimating tool.

Using Aspen Technology’s ACCE and a six-step estimating workflow, SK E&C calibrated unit-rate estimates to historical data, enabled modular construction options, and streamlined estimate preparation. The deployment cut engineering and functional man-hours by 50%, improved estimating accuracy by about 50%, allowed bids to start with minimal scope definition, and provided greater consistency and cost-optimization capability.

SK E&C

Jaeyong Kim

Plant Project Senior Estimator