In 1996, LEI entered into
a partnership agreement with a major Southeast U.S. utility to help them
reduce their project costs. Upon entering the agreement, we were performing
work under an annual contract on a time and material basis for this client.
Since we were consistently under-running budgets by 25%, we were selected
to enter into a value engineering agreement with the utility.
This agreement gave us the
flexibility to change the specifications within the regulations and design
other cost saving techniques without sacrificing safety or quality. In
turn, we shared in the savings that resulted at the end of the project.
The initial pilot project under this agreement consisted of the abatement
of the entire balance of plant systems and equipment at one of their power
plants. On an original budget of $1.2 million for this project, we ended
up saving the client $375,000. Needless to say, we are still performing
work for this client under this agreement.
LANG Environmental, Inc. 6418 Badger Drive
Tampa, FL 33610-2004