Electrical Engineer Service Monroeville Pennsylvania2019-03-04T02:16:24+00:00

Electrical Engineer Services in  Monroeville Pennsylvania

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From Arizona to Ohio home renovation contractors have come to rely on MEP.NY-Engineers.Com when they need reliable MEP Engineering Services in Monroeville Pennsylvania. Nevertheless, it is adequate to highlight that we are more than that. We are eight national engineering outfit offering design but also consulting services. Even though our focus is in mechanical, electrical and plumbing (MEP) installations. NY Engineers offers a wide range of services to property developers and business owners. These services range from compliance with national standards, as well as building codes specific to each state or city. this ensures a quick project approval with local authorities to energy efficiency, specifying building systems that accomplish their intended function while saving electricity and fuel and more. Lately we have seen a considerable for Electrical Engineers in or near Monroeville Pennsylvania. This is yet another discipline where New York Engineers can help you!

Why you ought to hire MEP.NY-Engineers.Com for all your electrical engineer needs? When you’re in the process of planning a major project, and that project requires electrical work, you may want to think of hiring an electrical engineer. You might also want to investigate employing a pro for those who have electrical issues that you are seeking to solve. Why should you be employing a professional? Below are a few of the perks you’ll be capable of enjoy if you work with an authority.

They’ll See That You Avoid Major Blunders – It’s not uncommon for folks to make mistakes with regards to electrical work. Sadly, these sorts of mistakes may have devastating effects. You’ll want to do business with someone that’s conscious of everything that might go wrong. Should you hire someone with all the right expertise, they’ll be capable of ensuring that the job that you’re planning, gets completed without having a hitch.

They May Provide A Lot Of Useful Advice – You possibly will not have much exposure to electrical work. Thankfully, these pros have a lot of knowledge that you don’t. They’ll have the ability to provide feedback and advice that will be truly necessary to you. If you wind up working with someone this way, you’ll discover youself to be taking plenty of their comments aboard.

They Can Aid You To Finish A Project On Schedule – A lot of projects similar to this find yourself getting delayed, and these kinds of delays can be extremely costly. If it is a thing that you’d choose to prevent, an experienced are able to make sure that you won’t go off your schedule.

There are so many reasons to consider hiring an electrical engineer. If you’re planning a major project, and you think that you can use an engineer, you can start talking to some professionals which are with your general area. At New York Engineers, we have been able to help a great number of building owners who were searching for Electrical Engineers in or near Monroeville Pennsylvania with not only that but also services such as Plumbing Engineering Services. If you would like additional info on the services NY Engineers please, consider on 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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