Cost Standards Indexation 2023 for dredging equipment

Construction Industry Research and Information Association (CIRIA) and International Association of Dredging Companies (IADC) have just released the annual indexation update (2023) for A guide to cost standards for dredging equipment 2009.

The publication A guide to cost standards for dredging equipment 2009 offers a standard method to establish the capital and related costs of various types of dredging plant and equipment that are commonly in use within the industry.

Every year, an updated index is prepared by IADC’s Indexation Cost Standards Committee and published by CIRIA, a neutral, independent and not-for-profit body.

The guide is for use by all stakeholders in dredging projects, which include consultants, existing and potential clients, project financiers, insurers and dredging contractors.

It provides a description of the most common dredgers and dredging equipment used as well as the principles and definitions for the standards and cost standard tables.

These tables represent calculations on replacement values, depreciation and interest costs as well as maintenance and repair costs for the various types of equipment.

Prepared by IADC with data exclusively collected for this purpose, the reference gives the replacement value for ex-works, yard or importer for several types of dredging equipment including trailing suction hopper dredgers, cutter suction dredgers, boosters, jack-ups and steel pipelines.

The publication is based on the experience and statistics from international dredging contractors that are members of IADC.