Ominomin

♦In cases where critical infrastructure such as power or roads rely on investment or construction by other companies or government agencies, very well defined agreements with specific cost and schedule commitments are required.
Project Implementation Plan
♦Detailed and up-to-date project schedule for design, construction, commissioning and start-up, performance test period, ramp-up and steady-state production.
♦Plan and schedule for integration of operations people into design and construction process, prior to commissioning. ♦Staffing plan and key persons for each phase and the transition plan. • Owner’s Engineering,
Construction and Operations
Teams
• Engineering, Procurement, and
Construction Management
(EPCM) Contractor’s Team; as
EPCM contractor is usually selected at the time the duediligence review is completed.
♦Construction phase cashflow to support schedule for loan draws.
Economic Analysis
♦Operating and Capital costs estimated from the engineering design to +/-15 percent accuracy.
Some companies are setting a higher level of completeness, often reaching 5 percent of final design with +/- 10 percent accuracy. ♦Capital costs are based on vendor quotes for major
Prefeasibility and Feasibility studies.
This was first prepared in 1994 and has been updated several times since. The most recent was presented in our Pincock
Perspectives Issue No. 95, March
2009 – “Minimum Engineering Study
Requirements Update” which is available through our website: www.pincock.com. Relative to the requirements of a
BFS for Lender’s evaluation of a project, it is important to remember the study is the basis for evaluating the risk associated with the project.
This risk can be associated with estimation of reserves, with the efficiency of mining and process plant operations, with economic performance (capital and/or operating costs), with the country, or with meeting environmental, health and
safety