“…A lot of studies have been done in the area of cost estimation and prediction, which include: Design cost modelling -A way forward (Lawther and Edwards, 2000), The standard cost model-a framework for defining and quantifying administrative burdens for businesses (Daniel et al, 2004), Salama et al, 2006, Predicting construction cost using multiple regression techniques (David et al 2006), Using intelligent techniques in construction project cost estimation: 10-year survey (Abdelrahman et al, 2014), Development of an energy cost prediction model for a VRF heating system (Bo et al, 2018). Though few studies have been done in the field of tank calibration such as: New approach to calibration of vertical fuel tank (Knyva et al, 2013), calculation of oil tank volume and report generation system with trim and list corrections (Ming-Shen and Chia, 2016), application of statistical quality control (SQC) in the calibration of oil storage tanks , A concept of fuel tank calibration process automation within IoT infrastructure (Knyva et al, 2017); but there has not been any documented study on the cost modeling of tank calibration and that is what was why this study was undertaken.…”