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The estimating chapter has been reintroduced to the Red Book in the sixth edition. The purpose of this chapter is to describe estimates for various purposes and to outline a method for developing an engineering-type estimate. Design concepts leading up to the preparation of a cost estimate are reviewed, with attention to obtaining necessary information so the estimate-will be meaningful. The review of Chapter 13 will address the problem of preparing an estimate under conditions of uncertain and rising costs; will touch on the time value of money; and will show how to work through a problem. The sixth edition of the Red Book, IEEE Standard 141, "Recommended Practice for Electric Power Distribution for Industrial plants," is scheduled for publication in late 1983.
Date of Publication: Sept. 1983