Added Jul 8, 2026Completed Sep 19, 2023
Company
Gulf Turbine Services
Client
Lone Star Power
Source
MANUAL
Contract Type
T AND M
Market Segment
GT_OUTAGE
Public/Private
PRIVATE
Project Manager
Dana Wright
Estimator
Phil Carter
Superintendent
Joe Tibbetts
Location
Granbury, TX
Margin Analysis
Original Margin
15.0%
$217,500
Revised Margin
15.8%
$247,500
Final Margin
14.5%
$227,663
Margin Fade (Bid)
-0.5%
CO Impact
$30,000
Margin Fade (Revised)
-1.3%
Where They Land
Final Margin+14.5%
Break Even
-0.9%+24.4%
Gain / Fade-1.3%
As Predicted
-7.9%+2.0%
This project
Other projects
Zero reference
Revenue & Cost Summary
| Stage | Revenue | Cost | Profit | Margin |
|---|---|---|---|---|
| Original | $1,450,000 | $1,232,500 | $217,500 | 15.0% |
| Revised | $1,570,000 | $1,322,500 | $247,500 | 15.8% |
| Final | $1,570,000 | $1,342,337 | $227,663 | 14.5% |
Cost Category Variance
| Category | Original | Revised | Final | Variance $ | Over/Under % |
|---|---|---|---|---|---|
| Labor | $473,502 | $487,071 | $501,683 | +$14,612 | +3.0% |
| Material | $366,741 | $389,607 | $381,815 | $-7,792 | -2.0% |
| Subcontractor | $356,349 | $357,440 | $357,366 | $-74 | -0.0% |
| Equipment | $79,795 | $107,446 | $109,380 | +$1,934 | +1.8% |
| Other | $36,975 | $39,675 | $35,708 | $-3,967 | -10.0% |
Labor Productivity
Original Rate
$58/hr
Revised Rate
$60/hr
Final Rate
$76/hr
Hours Variance
-1,563
Rate Variance $
$118,833
Volume Variance $
$-90,652
Lessons Learned
What helped
Clean combustion inspection, T&M protected the margin; the crew turned it in 9 days — the model outage.
Client feedback
Lone Star asked us back for the next CI on the strength of the turnaround.
T&MFIELD EXECUTIONREPEAT BUSINESS