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Asked by anon-74787 on 3 Jun 2020.
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Will Smith answered on 3 Jun 2020:
The largest particle accelerators in the world have budgets around 1 Billion Euros, smaller ones might be 10 – 20 Million Euros. I tend to work on smaller parts of that with budgets between 10-100K Euros
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Brian Buckman answered on 3 Jun 2020:
There isn’t one. Some of my most complex and intricate projects have not had a budget at all; they involved the reuse of existing equipment and were performed by existing staff. The job wasn’t completed without any expenditure, but it was all sunk cost (ie costs that would have been incurred whether the job was done of not). On the other hand, I’ve worked on projects costing 10’s of millions that required very little input from me at all.
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Amber Villegas - Williamson answered on 3 Jun 2020:
This is a great question, personally I have worked on projects with small budgets (a few thousand $) to projects that have cost a few million $. The biggest project I ever worked on cost 24 Million Euros.
One of the biggest buy outs in the Data Center world happened not too long ago for $8.4 billion!!!
Data Centers are big business, yet no one seems to realise what we do and how reliant we are on digital infrastructure.
Digital Realty’s Data Centres Will Provide Access to “70% of EU GDP” After $8.4b Buyout
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Chris Bates answered on 3 Jun 2020:
I have worked on projects with a budget between £50k and £7m, but some of these are part of a larger project worth over £6bn over 30 years. Sometimes smaller projects are more interesting because you get involved in many aspects of the work.
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Ken Mollison answered on 3 Jun 2020:
Hi MattiE, another good question. There is not a typical value associated with the projects I have worked on. For example on a power station which cost about 450 million pounds I was responsible for about 27 million pounds of that in terms of equipment that was bought and wages for people that worked on it. At the other extreme I have simply contributed to a small project which was providing some advice, valued at only a few hundred pounds. Some projects can be valued at zero and some provide payback. For example by making a process more efficient the money payed to make the project happen will be refunded by savings from the process. In this way a project can be seen to contribute to profit for all the involved businesses. It would be good if they all were like that.
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Alexander Soans answered on 3 Jun 2020:
To develop a brand new car it can sometimes cost over £1billion, although with the amount of parts and testing involved it’s not as crazy as it seems!
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anon answered on 3 Jun 2020:
There isn’t one for my line of work. The customer’s design and products are bespoke and you cannot put a price on the uniqueness and rareness of a product custom made just for yourself.
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Asha Panchal answered on 3 Jun 2020:
Hi again,
As everyone has said so far, budgets vary and this depends on the client and location of the project. In places like the city, projects cost more because land is so much more expensive. I’ve worked on projects that have values ranging anywhere between £200k to £7.5m – but that is for our groundworks package. You then have to account for the cost of the structure above ground and all the services and furniture in the building. For the £7.5m groundworks project I was involved with, the overall value of the complete project was over £150m. -
Gillian Steele answered on 4 Jun 2020:
The budget for each project I work on varies depending on lots of things including its scale, complexity and the client. It can range from £10k up to billions of pounds.
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Conrad Manning answered on 4 Jun 2020:
Its pretty broad as we do something small for £x,000 to a full blown boat where the budget easily goes into the £x0 millions!
Great questions!
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Katie Sparks answered on 4 Jun 2020:
Spacecraft are expensive things, the budgets tend to be in the billions of pounds. Although there is a lot of work going on to make this cheaper.
A large part of this cost is from the launch and a lot from paying all the people who design, build and test the spacecraft. -
Catherine Baker answered on 4 Jun 2020:
As a graduate civil engineer (around 8 months into the job) I usually get given smaller projects, which is great because I get more freedom to learn and develop my skills without the levels of risk that come with big, expensive projects. These often involve repair or reconstruction works to bridges and so far have ranged from £50K to £2M.
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