Case Study Korea’s SK E&C Reduces Engineering Estimating Man-Hours by 50% With Aspen Capital Cost Estimator TMCHALLENGE Global competition in bidding and estimating capital construction projects is fierce, and SK E&C needed a technology and workflow process that allowed them to compete against low-labor-cost competitors. Specifically, the firm faced three main challenges: • Target accuracy needed improvement. • Existing estimating practices did not maintain sufficient data to execute a Class IV estimate. • Bids could not be optimized, as time was spent developing the estimates rather than refining them. SOLUTION Aspen Capital Cost Estimator (ACCE) was chosen as the integrated estimating tool. SK E&C defined a path for deployment that was methodical and produced bids in a

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