Life sciences cost analysis
A pioneering life sciences company is constructing one of a kind facilities to bring new services and products to the market. The budgeting and planning of these facilities is risky and filled with many unknown factors as the company brings their considerable expertise to bear on these innovative solutions. The client seeks an improved planning process to reduce risk and improve cost and operational success certainty.
Beam is providing cost analysis services that produce data about the cost of the many systems, spaces, and assets that comprise these complex, cutting edge facilities. This information breaks down all costs and relates them to every subcontractor package, enabling a deep understanding of the nature and magnitude of investment that also relates to the monthly payment applications.
Beam promulgated authoring standards that result in portfolio wide definitions of space, systems, and assets. These standards enable models to be cost analyzed in the context of the procurement/construction agreements, producing an overall schedule of values that is linked to all expenditures on the project. This information is being applied to planning tools to reduce risk and enhance planning collaboration for upcoming projects.
This work has also enhanced and advanced the cost segregation and sales tax analysis for these projects, enabling significantly improved cash flows and reduced property tax obligations.