Posted on February 17th, 2021
Posted in Oil & Gas Tags: budget, lead times, planning, schedule
When forecasting for the months ahead, a focus on budget planning is always top priority, but in 2021, scheduling should also be on top of that list. Due to pressures on supply chain throughout 2020 and now several weeks into 2021, we are noticing a consistent trend of increased lead times and rising costs on materials and equipment. Items such as control valves and dump valves that you are used to purchasing off the shelf are experiencing lead times extending up to 12 weeks or more and steel prices remain in volatile flux.
Although frustrating, there are ways to get ahead of these delays on the front end of the engineering and design process to save you the headache of scheduling delays and the stress of expediting costs. Halker and our preferred vendors have worked together on unique solutions to avoid project delays due to equipment availability. Let us know how we can help you stay on budget and on schedule.