This event focuses on the application of the CostFact system: After a brief introduction, the participants will work on typical estimation tasks on provided laptops with pre-installed full versions of the CostFact software. The attendees will be guided through all major features of this shipbuilding-tailored solution and learn how it can support their own estimation

This event focuses on the application of the CostFact system: After a brief introduction, the participants will work on typical estimation tasks on provided laptops with pre-installed full versions of the CostFact software. The attendees will be guided through all major features of this shipbuilding-tailored solution and learn how it can support their own estimation

SA Shipyards Leads Cost Management in African Shipbuilding with CostFact Southern African Shipyards based in Durban, South Africa is the largest shipyard in Southern Africa and provides complete in-house marine solutions through Ship Building, Ship Repair, Naval Maintenance and Oil Gas. Currently Southern African Shipyards is taking part in two tenders for the South African

Italian superyacht builder Benetti switches to CostFact: After an in-depth software trial with real data, Benetti has decided to use CostFact for all budget calculations in the proposal process.

COSTFACT at the SSI World Shipbuilding Conference 2022 from 4th to 6th October 2022 in Mobile, Alabama, United States

VT Halter Marine implements CostFact: Headquartered in Pascagoula, Mississippi, VT Halter Marine, Inc evaluated CostFact in 2021 in the course of a multi-month trial installation. Based on this experience, VT Halter Marine decided in 2022 to initiate CostFact as their central tool for cost estimation.

New CostFact Feature: Integration with AVEVA for predicting costs based on design model data and parameterizing the cost calculation

Headquartered in Mumbai, India, Larsen & Toubro (L&T) is the largest private sector Defence company and shipyard in India and is involved in several submarine and shipbuilding projects for the Ministry of Defence. In order to make its costing and bidding process more efficient and accurate, L&T explored various cost management software options and finally

This new CostFact feature optimizes the evaluation and selection of supplier quotations: By including both performance features and prices of quotes, CostFact allows the user an integrated comparison of the offers in question and enables the user to select the quote with the best cost-benefit ratio. In the value chain, several parties benefit from this

Following an in-depth evaluation of CostFact, the Italian yacht and superyacht builder Ferretti started the CostFact application at its production facility in Ancona. With a turnover of 650 million Euros in 2018, Ferretti is Europe’s largest manufacturer of yachts. The subsidiary CRN, which is based in the Adriatic seaport of Ancona, specializes in luxury custom

New CostFact Feature: Rapid indication price calculation by Automatic Parametrization. When re-using calculation data from historical projects, costs and quantities are automatically adjusted according to the design parameters of the current project

INCLUDING SUCCESS STORIES FROM AZIMUT, NOBISKRUG, BLOHM+VOSS AND MORE SUPERYACHT BUILDERS These information events focus on cost estimation and cost planning in Superyacht building. Topics are: Predict costs based on Parametric Cost Estimation Use Similarity Calculation for efficient cost planning Determine and achieve Target Costs Gain a new cost view by Functionality Costing Merge the specification and change orders with the calculation

COSTFACT is Sponsor of the SSI Conference 2019 in Lisbon, Portugal (Sep. 30 to Oct. 2, 2019)  

This information event focuses on cost estimation and cost planning in shipbuilding. Topics are: Predict costs based on Parametric Cost Estimation Use Similarity Calculation for efficient cost planning Determine and achieve Target Costs Gain a new cost view by Capability Costing Merge the specification and change orders with the calculation Calculate ship programs including non-recurring cost and learning curves Optimise the selection of supplier quotes

Controlling the Consistency of Cost Drivers in Parametric Calculation Besides bottom-up calculation which is related to single cost items, CostFact supports parametric costing. When calculating an indication price in early bidding phases, the length of time and amount of work can be reduced enormously by estimating the cost based on a limited number of main

This information event focuses on cost estimation and cost planning in shipbuilding. Topics are: Predict costs based on Parametric Cost Estimation Use Similarity Calculation for efficient cost planning Determine and achieve Target Costs Gain a new cost view by Capability Costing Merge the specification and change orders with the calculation Calculate ship programs including non-recurring cost and learning curves Optimise the selection of supplier quotes

This information event focuses on cost estimation and cost planning in shipbuilding and super yacht building. Highlights are: Predict costs based on Parametric Cost Estimation Use Similarity Calculation for efficient cost planning Determine and achieve Target Costs Gain a new cost view by Capability Costing Merge the specification and change orders with the calculation Calculate ship programs including non-recurring cost and learning curves Optimise

This information event focuses on cost estimation and cost planning at naval shipyards. Highlights are: Predict costs based on Parametric Cost Estimation Use Similarity Calculation for efficient cost planning Determine and achieve Target Costs Gain a new cost view by Capability Costing Merge the specification and change orders with the calculation Calculate ship programs including non-recurring cost and learning curves Optimise the selection of supplier

The 17th Conference on Computer and IT Applications in the Maritime Industries COMPIT 2018 is the leading conference on innovative IT solutions for ships from design to operation. This year, it will take place in the castle “Castello di Pavone” in Pavone/Italy, 14-16 May 2018. On May 14, Jan Fischer, Managing Director of COSTFACT, will give a lecture

CostFact enables the user to set up new cost estimates very quickly. This webinar excerpt shows how the reuse of existing data can reduce the time until a first cost indication is available to a few hours. Please select the highest resolution in the setting menu. The video is available online until 15th January 2018,

(Picture source: Fotolia.com/Petra Nowack/peno) Kiel, October 2, 2017: In order to further advance the cost estimation and cost planning of complex and challenging projects, NOBISKRUG and German Naval Yards Kiel decided to implement the cost management system “CostFact”. Besides smaller customization demands, the implementation of CostFact is combined with an enhancement of CostFact’s module for

(Picture source: Azimut Yachts) Avigliana, September 14, 2017: Azimut Benetti is the largest network producing mega yachts and the world’s leading private group in the luxury boating sector. As the business unit Azimut Yachts is engaged in serial production, the design of a new yacht always means a long-ranging determination of cost and cost structure.

Project Calculation in Shipyard Consortiums When shipbuilding projects are performed across shipyards, it is challenging to keep cost planning consistent and clear. Besides the discontinuities in systems, different calculation structures make it difficult to perform an efficient costing. For these reasons, CostFact provides the possibility to treat a project jointly from separate CostFact installation environments

With CostFact’s parametric cost estimation, the user forecasts the costs of main and subordinate calculation groups of the work breakdown structure via a statistical analysis of corresponding objects with known costs and attributes. Besides cost prediction in early project phases, the regression module enables the user to generate cost norms for quick cost predictions. This

MICAD – Permanent CostFact Representative in Italy Italy has one of the world’s highest concentration of superyacht builders. Furthermore, some of the biggest cruise vessels and naval ships are built in Italy. In order to intensify the access to this important market, COSTFACT GmbH established a partnership for the distribution of the cost management solution

This brick and mortar course with practical software handling will offer the opportunity to learn and exercise cost estimation and budget planning with CostFact. Each participant will be provided with an own computer. The course includes all main functions of CostFact’s basic module, namely: Create new projects and administer calculations Re-use historical data to set up new

SCIN is the leading shipyard in the northern part of Africa and strives a systematic cost management. Wassim Koubaa, Deputy General Manager for shipbuilding, spoke with COSTFACT about the current measures. Kristin Hofer, COSTFACT GmbH: Mr. Koubaa, SCIN is one of the shipyards with the highest reputation across the northern part of Africa. What is the

Presentation in Charleston, SC, USA on March 7, 2017 at the All Panel Meeting of the US American National Shipbuilding Research Program by Pat David (SSI – ShipConstructor Software USA, Inc.) & Jan Fischer (COSTFACT GmbH). This presentation will explore the relationships available across the shipbuilding enterprise with advanced cost reporting, estimating, and management capabilities

Especially naval projects often require quotations for a ship program that consists of a number of ships with identical design. A new CostFact function provides the possibility to calculate such programs by the distinction of recurring and non-recurring cost as well as the incorporation of learning curves for different cost types. Based on these features,

SSI USA is well-known for SSI shipbuilding software, namely their flagship product ShipConstructor software. SSI USA and COSTFACT are working on an integration of ShipConstructor and CostFact in order to streamline the change processes in shipbuilding and drive costs down by exchanging design data as a primary parameter. By integrating ShipConstructor with the cost management software

If you are involved in cost management and are interested in learning how industry leaders such as ThyssenKrupp Marine Systems are using CostFact for cost estimation, cost planning and project controlling, this event is for you. Shipbuilding requires intensive costing activities from the bidding process to the analysis of concluded projects. CostFact supports cost estimation

On October 4, 2016, Shipbuilder Blohm+Voss flipped the switch and went live with CostFact. Employing a permanent staff of more than 1,000 workforces, Blohm+Voss is one of Germany’s biggest shipyards. The recent merger of the former independent companies for newbuilding and repair projects requested the unification of their costing systems. After an in-depth evaluation of

If you are involved in cost management and are interested in learning how industry leaders such as ThyssenKrupp Marine Systems are using CostFact for cost estimation, cost planning and project controlling, this event is for you. Shipbuilding requires intensive costing activities from the bidding process to the analysis of concluded projects. CostFact supports cost estimation

What The webinar shows important key features of CostFact. Topic highlights of the presentation are: Overview on CostFact’s top benefits Creating new cost estimates by re-use of existing data from historical projects Regression analysis for parametric cost calculation The presentation will be performed by COSTFACT’s distribution partner 6Sigma Naval Architects (Cape Town, South Africa). Who

Partnership with North American SSI Agents Established COSTFACT SYSTEMS established a partnership for distribution of the cost management solution “CostFact” with North American SSI agents SSI Canada, SSI USA and InnovMarine (Canada) which are well-known for SSI shipbuilding software, namely their flagship product ShipConstructor software. While CostFact is already well launched in Europe and utilized

Download detailed information including agenda and registration form: Information Event “Cost Management in Shipbuilding” in Amsterdam on August 27, 2015

Download detailed information including agenda and registration form: Information Event “Cost Management in Shipbuilding and Super Yacht Building” in Genova on December 4, 2014.

Download detailed information including agenda and registration form: Information Event “Life Cycle Costing” in Hamburg on October 9, 2014

Target Cost Management – ThyssenKrupp Marine Systems Relies on CostFact With its MEKO product design, ThyssenKrupp Marine Systems has practiced successful product modularisation for four decades. In order to take into account changing future requirements, ThyssenKrupp Marine Systems has now initiated the development of a new MEKO product family. Through its ability to combine civilian