Process & Cost Validation
Validate the solution to increase confidence in Costing
- Validation of the Process Solution
- Capital/Opex efficiency identification
- Increase the confidence grades of each Business Plan estimate
- Detailed costings that align with the technical complexities of the solution
It is common for the costings of particularly large and/or abnormal schemes to be independently validated. However, this validation is handicapped by the lack of technical knowledge of the estimator.
It is unlikely, for example, that an ASP with six lanes has been priced when only four lanes were required. It is more likely, however, that these four lanes could have large safety factors built into the process sizing, or that this solution is not cost effective for the particular site in mind.
Aqua has undertaken a number of Process and Cost validations in the Water Industry which have provided genuine value to our Clients. The level of detail that we are able to go to with the costings is as a result of the in-house technical specialists that we employ.
The review of the Process prior to costing has seen our validated estimate vary from a third party’s initial estimate by as much as +/- 500%. Therefore it is clear that in some cases, particularly where time constraints play a pivotal role, a secondary validation is critical to understanding as well as challenging the solution from a cost and process perspective.
Our expertise enables us to undertake wholly independent design and cost reviews with a level of detail you would expect from industry specialists, thereby minimising risks, improving asset design whilst reducing costs. Once experienced, this service has enabled us to drive increased value and build long and lasting relationships with our clients.
