Budget planning and analysis. During high-level planning for a large capital project, the Needs Analysis phase of the TriFactor Edge provides conceptual layouts, budgetary pricing and an accurate implementation timeline. With these deliverables, a Return On Investment (ROI) can be calculated to determine the project’s viability, and if it’s prudent to move forward.
Collaborative design. This process begins with all stakeholders involved. TriFactor’s material handling professionals work closely with all parties including executive, operations, engineering and construction teams to develop an appropriate layout and description of operations that meet your business goals.
Total transparency. With the approval of the system’s layout and description of operations, TriFactor solicits bids from multiple manufacturers and installers and provides each vendor’s costs, features and benefits to you. Based on this analysis, TriFactor offers input regarding vendor selection: however, you make the final decision based on your priorities. Once accomplished, TriFactor provides a summary of all vendor costs, applies a pre-negotiated profit margin, and develops a Guaranteed Maximum Price (GMP) for the contract.
Low risk. TriFactor’s contract method is a cost plus a pre-negotiated profit margin up to a Guaranteed Maximum Price (GMP). If the project comes under budget (through value engineering or other cost reduction methods) you benefit in the savings. However, if the cost plus the pre-negotiated profit margin is higher than the GMP, then TriFactor absorbs the difference and you pay only the GMP. This approach provides both the front end savings, normally seen in fixed price multi-bid projects, along with the potential back end savings of a cost plus contract while minimizing the risk of going over budget due to the maximum price guarantee.
Time savings. The traditional method of soliciting multiple bids often results in unexpected time delays. First, you must develop the RFQ and then attempt to compare what can be completely disparate proposals, which may not conform to the RFQ. Since this can be a daunting and costly process for many companies, they ultimately go with a trusted partner. The TriFactor Edge, a material handling system solutions, process avoids expensive pitfalls and the loss of valuable time.