Nobiskrug and German Naval Yards Kiel implement CostFact

Nobiskrug shipyard Nobiskrug shipyard
Industry Database

In order to further advance the cost estimation and cost planning of complex and challenging projects, German shipyards Nobiskrug and German Naval Yards Kiel have implemented the cost management system "CostFact".

Besides smaller customization demands, the implementation of CostFact is combined with an enhancement of CostFact’s module for the administration of suppliers’ proposals. These improvements will optimize the integration of such offers in the calculation of complex vessels and enables the informative comparison of alternative proposals for the requested ship systems.

Cost Management starts with the proposal and bidding process. The “CostFact” software system supports cost management throughout all shipbuilding phases, beginning with the early phases of design and engineering, to the calculations that accompany production, and finally to the analysis of the completed project. CostFact claims to be the number one in maritime specialized costing software and has been developed in close cooperation with several of the world’s leading shipyards, which means that a number of best-practice methods have been incorporated into the system, covering all of a shipyard’s calculation demands.

By Jake Frith

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