MEP Engineer Service Valley Stream New York

MEP Consulting Engineers

Both architectural firms in general contractors from American Samoa to Texas have come to recognize MEP.NY-Engineers.Com as a company they can depend on for Utility Filings. What the majority of individuals in need of the services have not realize is that NY Engineers, is the best option for everyone looking for MEP Engineer in or near Valley Stream New York.

This has to do with developments that has various factors particularly in construction. With so many individual pieces, it is extreamly significant to hire a lead strategist to manage everything and make sure all standards are upheld from beginning to conclusion.  Here is where mechanical electrical and plumbing engineering enters  the discussion. It’s also known as MEP engineering.

In simple terms, the responsibility of hired for this job is to supervise the project and ensure all of these components are handled wisely. This could include knowing about budgeting for emergencies, working out operating cost and seeing that various inspection mechanisms are in position from the start. This really is the easiest way to ensure the results are valid and the assignment continues to progress.

Having an MEP engineer in Valley Stream New York, there are going to be different assignments given out and it is always going to return to this specific specialist when it is time to verify what’s working or what  isn’t.

An MEP engineer is a specific position that is meant to manage these varying details while making sure everything works in harmony from the start. Whether it be creating strategies, checking out new changes, or highlighting particular steps, things are all completed by the engineer. These professionals have ample knowledge and recognize the particulars for each position in more detail.

MEP Engineers versus Electrical Engineers in Valley Stream New York

The standard individual knows what an electric engineer is but they might never have heard of an MEP engineer. Let’s look into this evaluation of MEP engineers versus electrical engineers.

MEP Engineer

This is short for mechanical, electrical and plumbing, which demonstrates what the expert is accountable for. Generally, an MEP engineer is accountable for organization and planning in the field of mechanical, electrical, or plumbing systems. This may include the addition of explicit details/plans/policies to optimize the basic approach set for the project at hand. They may also be inspired to do all of this while putting together specific inspection standards within the determined budget.

Electrical Engineer

These dedicated pros are reserved for electrical projects. Their skils revolves around electronics, electromagnetism and also the general utilization of electricity. This could be noticed in various forms but it’s a concentration which is specifically studied for by these pros. By comparison, an MEP engineer in Valley Stream New York has a more diversified procedure for managing projects and will use a greater number of tasks in comparison with an electric engineer. However, the electrical engineer is much more specialized if it is applicable to anything linked to electricity since that may be their main specialized skillset. We know that a lot of some of these builders and general contractors did not know that we offer MEP Engineering Service in Valley Stream New York, that is why we urge everyone to stop by our blog.

Recent Blog Post Related to MEP Engineering Service in Valley Stream New York

Financial Analysis: Your Next Mechanical Engineering Project

Construction Engineering Companies

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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