July 2002

Columns

HP Reliability: Why smart companies rarely buy from the lowest bidder

An appropriate column heading might have been, "Conditioned bids and the value of post-installation service." After all, we simply want to illustrate sound and experience-based reasons..

Bloch, Heinz P., Hydrocarbon Processing Staff

An appropriate column heading might have been, "Conditioned bids and the value of post-installation service." After all, we simply want to illustrate sound and experience-based reasons to choose equipment and services by considering much more than just initial cost or bid price. In the 1960s, as a young engineer, I was taught the art of "bid conditioning." This term covers assigning monetary value to a host of items and issues of potential reliability impact. If, for instance, compressor vendor "A" offered a coupling for which I had calculated a safety factor 28% higher than that offered by competitor "B," then the

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $399 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.

*Access will be granted the next business day.

Related Articles

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}