Electrical Engineer Service Houma Louisiana2019-03-06T09:11:09+00:00

Electrical Engineer Services in  Houma Louisiana

Value Engineering Pdf

From Minnesota to Pennsylvania construction companies have come to rely on NY Engineers when they need fast MEP Engineers in Houma Louisiana. However, it is vital to point out that MEP.NY-Engineers.Com is more than that! We are eight national engineering agency offering design but also consulting services. Even though we are focused on mechanical, electrical and plumbing (MEP) installations. New York Engineers offers a range of services to property developers and business owners. These services range from designing mep systems of adequate capacity according to building conditions, meeting the specific needs of each client to project management and commissioning, ensuring all systems are installed and configured according to the approved design documents and more. In the last few years we have seen a huge for Electrical Engineers in Houma Louisiana. This is an area where we excels at.

Why you ought to consider us for all your electrical engineer needs? If you are in the process of arranging a huge project, and this project calls for electrical work, you may want to think about hiring an electrical engineer. You might also want to investigate calling in a professional for those who have electrical problems that you are seeking to solve. Why should you be working with a professional? Below are some of the perks you’ll be able to enjoy if you work with a professional.

They’ll See That You Avoid Huge Errors – It’s not uncommon for people to make mistakes with regards to electrical work. Sadly, these sorts of mistakes may have overwhelming results. You’ll want to do business with someone that’s aware of everything that could go wrong. In the event you hire someone with all the right expertise, they’ll be able to ensure that the task that you’re planning, goes off without a hitch.

They May Provide A Great Deal Of Useful Advice – You may not have much experience with electrical work. Thankfully, these pros have a lot of knowledge that you simply don’t. They’ll have the capacity to give feedback and advice that might be truly beneficial to you. If you wind up dealing with someone similar to this, you’ll discover youself to be taking a lot of their comments aboard.

They Can Help You To Finish A Project On Schedule – A lot of projects like this wind up getting delayed, and most of these delays can be extremely costly. Should this be something that you’d prefer to prevent, a specialist will be able to make sure that you won’t go off your schedule.

There are numerous reasons to contemplate hiring an electrical engineer. If you’re planning for a major project, and you believe you could use an engineer, you should begin speaking to some professionals which can be with your general area. At NY Engineers, we have been able to help a lot of real estate developers who were looking for Electrical Engineers in Houma Louisiana with not only that but also services such as Utility Filings Engineering Services. If you like more details on the services we provide we ask that you stop by on our blog.

Post Related to Electrical Engineer Services in Houma Louisiana

Financial Analysis: Your Next Mechanical Engineering Project

Mechanical Engineering Salary

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.

Architectural Engineering Requirements