Uncertainty is one thing all projects have in common. Much of this is caused by design and cost calculation challenges in one-off projects. The pre-engineered and prefabricated wasteWOIMA® WtE plant is built in high-quality workshop conditions into modules that are fast and cost-efficient to assemble on site reducing the project risk significantly. Since the design is standardized, so are all the material lists.
Companies manage this uncertainty by including contingencies in their project budgets, such as
- Cost escalation reservations
- Estimation contingencies
- Project risk contingencies (=cost overruns due to delays / quality)
- Warranty reserves
The long-term supply chain agreements for all standardized wasteWOIMA® WtE plant delivery phases ensure that cost escalations prior to and after NTP can be kept to a minimum.
This reduces the cost estimation contingency significantly due to
- Standardized design
- Well-known material and equipment cost structure
- Established supply chain
- Less unknown factors in the delivery process
Combined, these WOIMAbenefits can save over 600,000€ in cost-based contingency reserves.
Follow the “Monetizing wasteWOIMA® Benefits” blog series to discover how our solution can save money for You.
Read more about us at www.woimacorporation.com
WOIMA Corporation is a Finnish supplier of best-in-class waste-to-value products, projects and services worldwide. We have developed solutions that enable us, and the customer, to transform and recycle virtually any waste stream into raw materials and energy. At WOIMA we combine Finnish engineering know-how in waste management with power generation design expertise. These solutions are used in Finland every day. They support the circular economy ideology and ensure that less than 1% of Finland’s waste ends up in landfills.
Our mission is to improve quality of life both locally and globally, as well as empower people to utilize waste as a commodity. Our decades of international project management experience ensure an on-time, in-budget and high-quality WOIMA solution delivery across the globe.
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