Martin Luther King, Jr. said that “the arc of history is long, but it bends toward justice.” The origin of this sentence can be traced to Theodore Parker who was a Unitarian minister and prominent American Transcendentalist born in 1810. Parker called for the abolition of slavery in the USA in an 1853 collection of “Ten Sermons of Religion”.
So, what does this have to do with mission of the Society of Cost Engineers (SOCE)? Plenty.
The question I pose to the readers is, given the definitions of SHOULD COST, REPAETABILITY and FLEXABILITY, do you prefer a solution that has repeatability or flexibility? Is it more important to you to have the same answer regardless of who conducted the estimate or to give each estimator the ability to tweak each model to their own liking?
For those of us working within the packaging industry, the plastic packaging tax is currently the most pressing issue. The plastic packaging tax forms a part of the EU’s Green Deal, a comprehensive package of tax and non-tax measures. The UK government’s aim is to tackle the global issue of plastic pollution through the implementation of the tax on plastic packaging that contains less than 30% recycled plastic content, from 1st April 2022. Other European countries, such as, Italy, the Netherlands and Spain have also set out intentions to implement measures to reduce plastic use. Within this blog, we set out to clarify the scope and implications of the UK plastic packaging tax (PPT), and cover the proposed measures set out by other EU countries. The Benchmark cloud has now been updated to cater for the new UK plastic packaging tax, making it easier for the producers and buyers of packaging to keep track of the new regulation and its impact on business operations.
How the false consensus effect eats up your profit We succumb to it in our private lives and at work. Whole departments and companies can fall into its clutches. The false consensus effect, discovered by Lee Ross and published with two colleagues in 1977, describes...
Cost Engineering is often described as part science and part art. The science aspect is easily observed. We all understand the importance of collecting, normalizing, and analyzing historical data to support estimating a future program. We can all proficiently navigate the lake of R2s, coefficients of variation, regression equations, and the like. But what about the art of cost engineering?
In this interview, Society of Cost Engineers founder Jerry Collins explains to Flexpipe project manager Temie Fessa how modular material handling systems have helped him maximize efficiency and profits.