Electrical Engineer Services in  Aurora Colorado

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Everyone from Mississippi to Oklahoma, know that for the best MEP engineering service in Aurora Colorado – MEP.NY-Engineers.Com is the ideal choice. What a lot local architects do not know is that New York Engineers is also the ideal choice for anybody searching for Electrical Engineer in Aurora Colorado. For the record MEP.NY-Engineers.Com if a full-service engineering firm offering Energy Modeling, Utility Filings, Engineering Reports, Building Commissioning, CAD to Revit Modeling, Mechanical Engineering Services, Electrical Engineering Services, Plumbing Engineering Services, Sprinkler Engineering Services, MEP Engineer, Mechanical Engineering, Electrical Engineering, Plumbing Engineering, Sprinkler Engineering, Fire Protection Engineering, Construction Administration, Value Engineering, Building Commissioning Engineering Services, CAD to Revit Modeling Engineering Services, Fire Protection Engineering Services, Construction Administration Engineering Services, Value Engineering Services, Energy Modeling Engineering Services, Utility Filings Engineering Services, Engineering Reports Services, and more. In regards to our Electrical Engineering Service in Aurora Colorado. As a full-service outfit we can help you with just about anything you can bring to the table. Nevertheless, out most requested projects include but are not limited to Electrical Lighting Designs, Mechanical Power Designs, Electrical Riser Diagrams, Panel Board Schedules, New Building Electrical Design, Renovation Electrical Design, Preparation of Electric Load Letters, Emergency Generator Systems, Sub-Metering or Direct Metering, Switchgear, Main or Sub Distribution Panel, and Branch Wiring Design!

So, what do electrical engineers do? If you’re thinking of hiring an electric engineer for the job, you’re likely to want to make sure you choose somebody that comes strongly suggested, and you will want to search for somebody who is fully qualified. Along with all that, you would like to learn a little more about what an electric engineer actually does. This is how uncover more relating to this profession.

Talk With People Who Have Hired Engineers In The Past – One of the best ways to learn what it would be like to use an electric engineer is to talk with a number of your colleagues which have hired one before. Whether or not they had the engineer develop an electrical system on their behalf or hired these people to test their current equipment, you’ll have the capacity to learn quite a bit off their experiences.

Interview Some Candidates – Not all the engineers have the same set of skills. Prior to hiring anyone, you’ll desire to take some time interviewing your top choices. In this interview, you’ll have the opportunity to look over their past work with them. You can find out when they have relevant expertise.

Pay Attention To Any Project – Before deciding whether or not you should hire one of those engineers, you ought to look at the project that you’d be hiring them for. Look at the work you will need these people to do. Make time to consider what an engineer would be able to do to suit your needs, and explore some of your other options as well.

Electrical engineers are designed for all kinds of electrical work. You should take a closer inspection at what these professionals do to enable you to check if they might be able to aid you with your expections. You can benefit greatly in the event you hire a seasoned engineer to help you out. As you can see we are not just a local Electrical Engineering Service near Aurora Colorado. We can help your project with everything from Electrical Engineering Services, Plumbing Engineering Services, Sprinkler Engineering Services, Fire Protection Engineering Services, Construction Administration Engineering Services, Value Engineering Services, Energy Modeling Engineering Services, Utility Filings Engineering Services, Engineering Reports Services, Building Commissioning Engineering Services, to CAD to Revit Modeling Engineering Services, MEP Engineer, Mechanical Engineering, Electrical Engineering, Plumbing Engineering, Sprinkler Engineering, Fire Protection Engineering, Construction Administration, Value Engineering, Energy Modeling, Utility Filings, Engineering Reports, Building Commissioning, CAD to Revit Modeling, Mechanical Engineering Services and more. For additional info on everything we do at NY Engineers take a look at our blog.

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Financial Analysis: Your Next Mechanical Engineering Project

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Basics of Financial Analysis for Engineering Projects

Mechanical engineering decisions have a significant impact on the total cost of owning a building: they influence the cost of new constructions and renovations, as well as operation and maintenance expenses in existing facilities. The most challenging decisions are normally those that raise some costs while reducing others; for example, using LED fixtures instead of fluorescent tubes raises the upfront cost of the lighting system, but drastically reduces energy and maintenance expenses in the long run.

If you are involved in engineering design or consulting, financial analysis is one of the most powerful complementary skills you can master. Financial analysis grants engineers and firms some distinctive advantages over competitors who only focus on technical aspects:

  • Ability to “speak the same language” as business executives, bankers and investors.
  • Adding an extra dimension to engineering analysis: After proposing a technical solution, it can be complemented with an analysis of different purchasing options – upfront payment, financing the project with a loan, leasing equipment, etc.

The benefits offered by an engineering project are strongly determined by the performance characteristics of the proposed system, but the way in which the project is financed also plays an important role.

First Step in Mechanical Engineering Projects: Creating a Cash Flow Projection

A cash flow projection is the basis of financial analysis, and it answers the following questions:

  • What is the upfront cost of the project?
  • What are the net yearly savings?
  • Will a loan be used to cover the upfront cost? If so, what are the terms?
  • What is the service life of the project?

The approach is slightly different for new constructions and major renovations, compared with existing buildings.

  • In the case of new constructions and major renovations there is already a baseline cost to assume, which can’t be avoided. Therefore, any proposed project must be assessed compared to how much it raises or reduces the baseline cost.
  • The baseline cost has already been assumed in existing buildings. Therefore, the full project cost is considered in this scenario.

To illustrate this, assume a heat pump with a cost of $1500 is being considered as an alternative to a $900 resistance heater. In a new project the resistance heater represents a baseline cost, so the real upgrade cost is only the price difference of $600. On the other hand, in an existing building the cost of the resistance heater has already been assumed, and the upgrade must be assessed based on the full price of $1500.

In simple terms: you should consider the cost difference for installations that haven’t been built, and the full upgrade cost for existing installations before beginning your mechanical engineering project. This is the reason why energy efficiency and renewable energy measures offer a higher return per dollar spent in new projects.

For yearly savings and expenses, the approach is the same in both scenarios: they are compared with the expected baseline cost in new projects, and with the current operating cost in existing buildings.

Return on Investment (ROI)

The return on investment, or ROI, can also by defined best though a question: What percentage of the initial investment does the project yield each year?

ROI(%)= (Net Yearly Savings (USD/year))/(Initial Investment (USD)) x 100%

Return on Equity (ROE) – Alternate Analysis when Debt Financing is Involved

Assume the HVAC systems in the example above was purchased with $500,000 from the client’s capital and with a $1,000,000 loan at a yearly interest rate of 4%. In this case, there is an interest payment of $40,000 for the first year, reducing net savings to $210,000. The ROE would be:

ROE(%)=(Net Savings After Interest (USD/year))/(Client’s Equity in Project (USD))=($210,000/year)/$500,000 x100%=42%

Internal Rate of Return (IRR)

The internal rate of return (IRR) can best be described as the interest rate the project would yield if it was a stock portfolio or bank account. Therefore, a project with an IRR of 10% would perform better than an investment yielding 8% interest per year, but would be surpassed by another option yielding 12% per year.

Like the NPV, the IRR is not limited by variable cash flows and loan payments, and can be calculated directly with Microsoft Excel with the following formula:

=IRR (Select all yearly cash flows, including the upfront cost)

Concluding Remarks

Financial analysis can add considerable value to engineering design and consulting services, since the client can rest assured that the proposed solutions make sense from both the technical and financial standpoint. For contractors, it can also be a powerful marketing tool – a client is more likely to carry out a mechanical engineering project if the numbers can prove it is a good business decision.

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Electrical Engineer Service Aurora Colorado

Electrical Engineer Services in  Aurora Colorado From Michigan to Nevada home renovation contractors have come to rely on New York Engineers when they need reliable MEP Engineering Services in or near Aurora Colorado. With that said, it is adequate to highlight that we are more than that. We are eight national engineering firm offering design but also consulting services. Even though we are focused on mechanical, electrical and plumbing (MEP) installations. NY-Engineers.Com [...]

2019-02-26T14:38:01+00:00

MEP Engineer Service in Aurora Colorado

MEP Engineer Service Aurora Colorado Many top general contractors in Louisiana are aware that NY Engineers is the ideal partner if you are searching for Energy Modeling. However, due to the firms continuous growth many real estate developers have not to our knowledge that MEP.NY-Engineers.Com is perhaps top partner if you're looking for MEP Engineer in Aurora Colorado. MEP represents mechanical, electrical, and plumbing. Specifically, in the building industry, MEP refers to [...]

2019-01-26T13:33:21+00:00