Inovair was recently awarded a substantial contract after an in depth Life Cycle Cost Analysis vs multiple competitive offerings resulted in Inovair having an expected lower total cost of ownership.
Estimated Life Cycle Cost Analysis plays an important role when making the decision to acquire an asset. As described on efinancemanagement.com, “Life Cycle Cost (LCC), or whole-life costing, as the name suggests, deals with the total cost of an item during its lifetime.” LLC typically includes the purchase price, installation cost, ongoing operational costs, and maintenance and repair costs among other potential recurring expenses or estimated one-off expenses. It is a detailed process requiring extensive data capture and analysis. Knowing this, Inovair is extremely proud to be the recipient of a contract for new high efficiency blowers at the Richard A. Heyman Environmental Protection Facility in Key West, Florida.
After the review of the five different blower alternatives the City and their engineering firm Black & Veatch chose the Inovair IM-30 geared centrifugal blower for their aeration process upgrade. The team analyzed energy costs, capital costs, installation costs, and interviewed references for all the blower options. At the end of the review the Inovair IM-30 blower provided the lowest total cost of ownership due to its superior energy savings which was 22% over the existing multistage blowers. The competitive capital cost, low installation cost, and stellar references played an important role in the decision-making process.