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Construction cost estimating software is computer software designed for contractors to estimate construction costs for a specific project. A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract.
In electrical engineering the load factor is defined as the average load divided by the peak load in a specified time period. [1] It is a measure of the utilization rate, or efficiency of electrical energy usage; a high load factor indicates that load is using the electric system more efficiently, whereas consumers or generators that underutilize the electric distribution will have a low load ...
The cost of producing a megawatt of electrical energy is a function of: fuel price; generation efficiency (the rate at which potential energy in the fuel is converted to electrical energy) operations and maintenance costs; In addition to this, generating plant incur fixed costs including: plant construction costs, and
Power engineering software is a software used to create models, analyze or calculate the design of Power stations, Overhead power lines, Transmission towers, Electrical grids, Grounding and Lightning [clarification needed] systems and others. It is a type of application software used for power engineering problems which are transformed into ...
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
An electrical load is an electrical component or portion of a circuit that consumes (active) electric power, [1] [2] such as electrical appliances and lights inside the home. The term may also refer to the power consumed by a circuit. This is opposed to a power supply source, such as a battery or generator, which provides power. [2]
A bill of quantities is a document used in tendering in the construction industry in which materials, parts, and labor (and their costs) are itemized.It also (ideally) details the terms and conditions of the construction or repair contract and itemizes all work to enable a contractor to price the work for which he or she is bidding.
Multiple empirical formulae exist that relate the loss factor to the load factor (Dickert et al. in 2009 listed nine [5]). Similarly, the ratio between the average and the peak current is called form coefficient k [ 6 ] or peak responsibility factor k , [ 7 ] its typical value is between 0.2 to 0.8 for distribution networks and 0.8 to 0.95 for ...