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

Company Size
200-1,000
Region
  • America
Country
  • United States
Product
  • Aspen Capital Cost Estimator
  • aspenONE suite of Process Engineering applications
Tech Stack
  • Process Engineering Software
  • Estimating Software
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Cost Savings
  • Productivity Improvements
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
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 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.
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.
  • Overall, the use of the aspenONE solution has helped S&B react more quickly to volatile competitive and economic conditions, and become more proactive in using the estimating function as a valuable component in the marketing of its project services.
Quantitative Benefit
  • 5:1 reduction in estimating hours for FEL1 and FEL2 estimates
  • 2.5:1 reduction in estimating hours for FEL3 estimates

Case Study missing?

Start adding your own!

Register with your work email and create a new case study profile for your business.

Add New Record

Related Case Studies.

Contact us

Let's talk!
* Required
* Required
* Required
* Invalid email address
By submitting this form, you agree that IoT ONE may contact you with insights and marketing messaging.
No thanks, I don't want to receive any marketing emails from IoT ONE.
Submit

Thank you for your message!
We will contact you soon.