rhi was engaged by the client during their pre-feed study, to prepare an independent estimate verification for their Hydrogen Project. The project includes the establishment of a state-of-the-art hydrogen electrolyzer facility including storage, which centers around the production of green hydrogen, using renewable energy sources like solar and wind power.
- A detailed cost breakdown analysis was conducted to ensure the accuracy of estimates, reflecting rhi's commitment to precision.
- Benchmarking of the estimate against industry standards and best practices.
- Expert insights were applied to identify potential risks and areas for improvement within the estimate.
- Confidence analysis of the engineering supporting the direct cost components.
- Schedule & Planning review.
- Provision of high-level comparable data points from rhi’s estimating system offering insights into the market
Value-added by rhi
- Independent Estimate Verification: rhi's independent verification process ensured the accuracy and reliability of the estimates, instilling confidence in the project's cost projections.
- Cost Breakdown Analysis: rhi conducted a detailed cost breakdown analysis, providing a granular view of project costs. This transparency helps clients identify cost-saving opportunities and risks.
- Benchmarking: By benchmarking estimates against industry standards and best practices, rhi ensured that the project's cost estimates were in line with market norms, reducing the risk of overruns.
- Risk Identification: rhi's expert insights identified potential risks and uncertainties within the estimates. This proactive risk assessment allows clients to develop mitigation strategies and make informed decisions.
- Access to Market Insights: rhi's estimating system provided high-level comparable data points, offering valuable market insights.
- Global Delivery: rhi's agile global delivery model, employing specialist teams worldwide, enabled consistent high-quality work while meeting tight deadlines. This approach catered to the client's need for flexibility and efficiency.