Yep - FEED (Front End Engineering Design) means Basic Engineering which is conducted after completion of Conceptual Design or Feasibility Study. At this stage, before start of EPC (Engineering, Procurement and Construction), various studies take place to figure out technical issues and estimate rough investment cost.
But my question was how much, as $312k for "basic engineering" and "rough investment cost" seems high. Ps. I am an ex consultant many moons back (another field), so I know all about charges/charge out..
It wasn't meant to be debate. Anybody got a real number?
Cheers
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