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Project Planning
Conceptual
Planning to Production
Most projects are an idea or concept that are typically driven by an opportunity to meet market demand. Once a company or group commits to proceeding with a new business venture, they quickly realize there are many aspects of building a plant that are complex and detailed. Having personnel on staff that are fluent in doing this type of work is not typical and can be stressful and enhance risk. Finding a company such as Parks5 Design that can handle the CAPEX portion of the business is essential for meeting deadlines and expenditures. Additionally there are many phases of a project such as financing, market development, operations, HR, chemistry verification, accounting and a list of other requirements that are necessary to proceed. A decision of structuring the project in an EPC versus multiple POs or something between is one of the first critical decisions. However the information below are the same tasks that need to be completed with all options.
Most industrial projects center around identifying a reputable OEM system supplier that can design and supply the core of the work required. Once that is established through proposals and meetings, identifying a capable engineering firm to complete the balance of plant design should follow closely behind the agreement with the OEM. Deciding how much responsibility to be given to these two organizations will vary depending on the project, capabilities of the companies and other factors that will be recognizable at the appropriate time.
Although there is always a preference to give the maximum amount of work to a capable larger company to minimize risk, there is also a strong possibility that equipment received might not meet the expectations of the plant operation.
Procurement can be handled many ways, and most of the options have plenty of pros and cons. There is certainly no "one size fits all" option, and there must be a good balance of costs and risk.
Construction is typically the final contracts that need to be written along with being the greatest expense of the project. It is critical to have as much engineering completed as possible before pursuing contractors proposals. This is a difficult requirement since all end-users have deadlines that must be achieved, but the more incomplete design, the more change orders from the contractors. It is always important to try to find a contractor that can maximize the scope of work internally with minimal subcontractors. Too many subcontractors translates into a GC approach and it is difficult to justify the added costs.
Starting from the conceptual stage through commissioning, P5D is the right partner for your next project.
Completion
