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Case Studies > 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
The 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 The 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.
The 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.
Operational Impact
  • 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.
  • This has enabled estimators to dedicate additional time to value-added analysis of project estimates, what-if studies, and other client deliverables.
  • S&B also takes advantage of the solution’s interface capabilities, enabling export of estimate details and resource loading into a project scheduling system.
Quantitative Benefit
  • 5:1 reduction in estimating hours for FEL1 and FEL2 estimates
  • 2.5:1 reduction in estimating hours for FEL3 estimates

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