top of page

How to accelerate project delivery and minimize risk in an increasingly complicated technical and regulatory landscape: HIPP's strategic CapEX project insights

To identify the best value proposal when bidding your next project be sure to use the following insights to improve your business outcomes: 


Ensure the capital project plan for each site accounts for large capital projects in the vicinity. We often see companies fail to account for large projects which have a regional impact on cost.  As a best practice,  for each project we recommend a Front-End Engineering Design (FEED) effort with a budgetary cost estimate from a CM with a successful track record in your industry and knowledge of the regional market which includes the availability of local trade contractors. 


For new equipment, be sure the vendor provides the information necessary for your end-of-life program in a format which can be directly imported into the CMMS. A little initial planning could save you thousands of hours and countless headaches in the future. 


While performing existing equipment end-of-life assessments, be sure to identify single points of failure and equipment upgrade opportunities which support your companies green initiatives. A small investment beyond the cost of your end-of-life assessment can have a huge payoff by addressing sustainability requirements and mitigating system failure risks.  ​


Don't forget to include the cost and schedule necessary for commissioning, qualification and/or validation if they are required for your industry and project.


If your in-house CAD/BIM department is understaffed compared to the project workload, adding a budgetary line item to each project to spread the CAD/BIM cost of using a 3rd party resource oftentimes results in a better ROI than a fulltime hire.


Always plan for expansion.  Because costs and complexity always rise, see near-term design decisions as opportunities to make future expansion efforts easier.  Small investments in things like sizing headers for future capacity increases, adding tie-points for expansion and performing site work for additional buildings can provide an enormous return on investment. 

bottom of page