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COST ESTIMATION Cost Indexes Present Cost=(original cost at time t)* • Marshall and Swift. 1. All industry-equipment index. Arithmetic average of 47 equipment types. 2. Process-industry equipment index. Weighted average of 8 of these: cement 2% paint 5% chemicals 48% paper 10% clay products 2% petroleum 22% glass 3% rubber 8% M&S was 100 in 1926.

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Australia's A$90 billion mining equipment, technology and services (METS) industry. It currently generates more than A$600 million a year of mining-related revenues, more than A$240 million of exports, and directly employs more than 2500 people.1,2 australia's ems sector is comprised of at least 100 firms ranging in size

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