Case Studies Mid-Size EPC Reduces Cost Estimating Time Up to 90% to Meet Tighter Schedules and Budgets

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	Mid-Size EPC Reduces Cost Estimating Time Up to 90% to Meet Tighter Schedules and Budgets

Mid-Size EPC Reduces Cost Estimating Time Up to 90% to Meet Tighter Schedules and Budgets

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration
Applicable Industries	Construction & Infrastructure Oil & Gas
Applicable Functions	Discrete Manufacturing Procurement
Use Cases	Predictive Maintenance Process Control & Optimization
Services	Software Design & Engineering Services
Challenge	S&B Engineers and Constructors Ltd., a Houston-based EPC, has been facing challenges due to shrinking client budgets and tighter project schedules. Clients are demanding more for less, including more detailed digital handover of data to accompany traditional project deliverables. To remain competitive, S&B needed to find a solution that was faster and more tailored to the process industries than the traditional approach of producing project estimates. Read More
About Customer	S&B Engineers and Constructors Ltd. is a privately held Engineering, Procurement, and Construction (EPC) company based in Houston, Texas. The company has a strong record of quality work and excellence in project performance. However, in recent years, it has been challenged by shrinking client budgets and tighter project schedules. Clients are demanding more for less, including more detailed digital handover of data to accompany traditional project deliverables. To remain competitive, S&B needed to find a solution that was faster and more tailored to the process industries than the traditional approach of producing project estimates. Read More
Solution	S&B turned to Aspen Capital Cost Estimator, part of the aspenONE suite of Process Engineering applications, to reduce risk to both S&B and its clients. The software provides early estimates with key supporting details to assist in defining potential cost, schedule, and resource risks, helping S&B focus on the highest cost components of the project. Despite operating with constrained estimating resources, S&B found the system easy to adopt and configure to its engineering standards. In addition, with its enhanced and intuitive functionality, the solution easily scales to meet the needs of a smaller team dedicated to the estimating function. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Applicable Industries

Construction & Infrastructure

Oil & Gas

Applicable Functions

Discrete Manufacturing

Procurement

Use Cases

Predictive Maintenance

Process Control & Optimization

Services

Software Design & Engineering Services

Challenge

S&B Engineers and Constructors Ltd., a Houston-based EPC, has been facing challenges due to shrinking client budgets and tighter project schedules. Clients are demanding more for less, including more detailed digital handover of data to accompany traditional project deliverables. To remain competitive, S&B needed to find a solution that was faster and more tailored to the process industries than the traditional approach of producing project estimates.

About Customer

S&B Engineers and Constructors Ltd. is a privately held Engineering, Procurement, and Construction (EPC) company based in Houston, Texas. The company has a strong record of quality work and excellence in project performance. However, in recent years, it has been challenged by shrinking client budgets and tighter project schedules. Clients are demanding more for less, including more detailed digital handover of data to accompany traditional project deliverables. To remain competitive, S&B needed to find a solution that was faster and more tailored to the process industries than the traditional approach of producing project estimates.

Solution

S&B turned to Aspen Capital Cost Estimator, part of the aspenONE suite of Process Engineering applications, to reduce risk to both S&B and its clients. The software provides early estimates with key supporting details to assist in defining potential cost, schedule, and resource risks, helping S&B focus on the highest cost components of the project. Despite operating with constrained estimating resources, S&B found the system easy to adopt and configure to its engineering standards. In addition, with its enhanced and intuitive functionality, the solution easily scales to meet the needs of a smaller team dedicated to the estimating function.

Impact #1	S&B has measured a 5:1 reduction in estimating hours required to prepare FEL1 and FEL2 estimates, with approximately half that savings going toward FEL3 estimates.
Impact #2	This has enabled estimators to dedicate additional time to value-added analysis of project estimates, what-if studies, and other client deliverables.
Impact #3	S&B also takes advantage of the solution’s interface capabilities, enabling export of estimate details and resource loading into a project scheduling system.

Impact #1

S&B has measured a 5:1 reduction in estimating hours required to prepare FEL1 and FEL2 estimates, with approximately half that savings going toward FEL3 estimates.

Impact #2

This has enabled estimators to dedicate additional time to value-added analysis of project estimates, what-if studies, and other client deliverables.

Impact #3

S&B also takes advantage of the solution’s interface capabilities, enabling export of estimate details and resource loading into a project scheduling system.

Benefit #1	5:1 reduction in estimating hours for FEL1 and FEL2 estimates
Benefit #2	2.5:1 reduction in estimating hours for FEL3 estimates

Benefit #1

5:1 reduction in estimating hours for FEL1 and FEL2 estimates

Benefit #2

2.5:1 reduction in estimating hours for FEL3 estimates

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Overview

Mid-Size EPC Reduces Cost Estimating Time Up to 90% to Meet Tighter Schedules and Budgets

Operational Impact

Quantitative Benefit