ADBP Publishes Paper on Dredging Cost Standards

Image source: ADBP

The financial costs associated with dredging activity are highly variable, depending on the plant being employed and the type of dredging being undertaken, Anthony D Bates Partnership (ADBP) reports. 

Since 2005, the Construction Industry Research and Information Association (CIRIA), has published the book ‘Cost standards for dredging equipment’.

The guide presents the primary capital values and costs associated with a range of dredging plant, based on their specification. This publication is commonly used throughout the industry for a range of studies including CAPEX estimation, cost allocation between dredging contractors in joint venture and most prominently in disputes, where cost estimation is required to be undertaken.

Due to the high capital cost and subsequent value of dredging plant, the accurate calculation of the respective depreciation and interest is fundamental to the build-up of the estimated daily operating plant rates. Ongoing maintenance and repair of the plant also forms a primary cost.

The CIRIA publication details these items for a variety of dredging plant. It does not provide detail on other operational costs such as labour, insurance, fuel, wear and tear, overheads and profit/risk.

According to the document, these must be derived from further calculations to ascertain the total cost of leasing the dredging plant, commonly known as the daywork rate.

The paper was presented by Leigh Holmes at the CEDA Dredging Days conference in Rotterdam on the 7th of November and was well-received – promoting constructive discussion amongst CIRIA Dredging Cost Standard book users across the dredging industry.

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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