Added Jul 8, 2026Completed Apr 12, 2022
Company
Gulf Turbine Services
Client
Coastal Utilities
Source
MANUAL
Contract Type
T AND M
Market Segment
GT_OUTAGE
Public/Private
PRIVATE
Project Manager
Dana Wright
Estimator
Susan Vance
Superintendent
Joe Tibbetts
Location
Deer Park, TX
Margin Analysis
Original Margin
22.0%
$215,600
Revised Margin
22.6%
$275,600
Final Margin
21.0%
$256,712
Margin Fade (Bid)
-1.0%
CO Impact
$60,000
Margin Fade (Revised)
-1.5%
Where They Land
Final Margin+21.0%
Break Even
-0.9%+24.4%
Gain / Fade-1.5%
As Predicted
-7.9%+2.0%
This project
Other projects
Zero reference
Revenue & Cost Summary
| Stage | Revenue | Cost | Profit | Margin |
|---|---|---|---|---|
| Original | $980,000 | $764,400 | $215,600 | 22.0% |
| Revised | $1,220,000 | $944,400 | $275,600 | 22.6% |
| Final | $1,220,000 | $963,288 | $256,712 | 21.0% |
Cost Category Variance
| Category | Original | Revised | Final | Variance $ | Over/Under % |
|---|---|---|---|---|---|
| Labor | $293,887 | $363,363 | $377,898 | +$14,535 | +4.0% |
| Material | $204,293 | $243,221 | $240,789 | $-2,432 | -1.0% |
| Subcontractor | $224,347 | $218,004 | $221,304 | +$3,300 | +1.5% |
| Equipment | $66,975 | $77,060 | $78,909 | +$1,849 | +2.4% |
| Other | $22,932 | $42,752 | $44,388 | +$1,636 | +3.8% |
Labor Productivity
Original Rate
$59/hr
Revised Rate
$66/hr
Final Rate
$60/hr
Hours Variance
1,317
Rate Variance $
$6,306
Volume Variance $
$77,705
Lessons Learned
What helped
24-hour mobilization on a forced outage printed premium margin — being the crew that can respond is the moat.
Assumptions / what to do differently
Keep a standby crew costed into the rate so forced-outage premium work stays profitable.
FORCED OUTAGESTANDBY CREWMARGIN