For over 30 years the Magus expertise has supported diverse projects in both lump-sum and reimbursable business environments. The Magus Material Solution has sustained Procurement and Construction activities in excess of $2.5B worth of bulk commodities to date.
All bulk materials are associated with 20% to 35% of the EPC/M project TIC. The following are historical surplus bulk material averages (as provided by the suppliers) at project completion:
Type of Material Solution | Historical Surplus Material |
---|---|
Construction supplied | > 25% |
Other EPC Solutions | 12% to 20% |
The Magus Material Solution | < 4% |
As an example, a $500M (TIC) facility will potentially purchase $50-70M in piping bulk materials. In this example, every 1% of surplus is aprox. $500-700K. Using the historical averages above, Magus offers a probable savings of $12M vs Construction and $10M vs EPC in material costs alone.