Electrical Engineer Services in  Barstow California

Value Engineering Examples

General Contractor from Massachusetts to Nevada, are aware that for quick response MEP engineering service in Barstow California we is the top option. What a lot local everyone are not aware is that MEP.NY-Engineers.Com is also the best bet for everyone looking for Electrical Engineering Service near Barstow California. It is important to point out that MEP.NY-Engineers.Com if a full-service national engineering agency offering 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, 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, CAD to Revit Modeling Engineering Services, and more. In regards to our Electrical Engineer near Barstow California. As a full-service firm we can help you with just about anything you can bring to the table. With that said, out top 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.

What exactly do electrical engineers do? If you’re thinking of hiring an electric engineer for a job, you’re gonna want to make sure you choose somebody who comes strongly suggested, and you will want to try to find someone who is totally qualified. In addition to all of that , you will want to learn a bit more regarding what an electrical engineer actually does. This is how you can learn more regarding this profession.

Talk To People That Have Hired Engineers Before – One of the better ways to learn what it would be like to work alongside an electrical engineer is to talk with some of your colleagues who have hired one in past times. Whether or not they had the engineer develop an electric system for these people or hired them to test their existing equipment, you will have the ability to learn considerably from their experiences.

Interview Some Candidates – Not every engineer has got the same set of skills. Prior to hiring anyone, you will desire to spend time interviewing your top choices. Within this interview, you’ll have the opportunity to go over their past assist them. You can find out if they have relevant expertise.

Pay Attention To Any Project – Before deciding whether you need to hire one of those engineers, you need to evaluate the project that you’d be hiring them for. Consider the work you might need them to do. Make time to consider what an engineer can do for you personally, and explore a number of your other options also.

Electrical engineers are prepared for all types of electrical work. You ought to take a closer inspection at what these professionals do to help you find out if they could possibly aid you with your expections. You can benefit greatly in the event you hire a highly skilled engineer to assist you. As you can see we are not just a local Electrical Engineering Service in or near Barstow California. We can help your company with everything from 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, to 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. For more details on everything we do at MEP.NY-Engineers.Com take a look at our Mechanical Engineering Services 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.

Mechanical Engineers

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