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Becht Engineering Blog

In this section of the site contributing authors submit interesting articles relating to the various services, industries and research & development efforts of Becht Engineering.

Due Diligence - Front End Loading for Plant Acquisitions

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In many cases operating companies and financial institutions utilize Due Diligence studies for critical input on “Go/No Go” decisions for plant acquisitions.  Once the decision is made to purchase the plant, the Due Diligence study is often put on the shelf.  The company purchasing the new asset then faces significant challenges integrating the asset into the enterprise culture, implementing enterprise procedures and standards, capturing and implementing best practices and evaluating the quality of the team at the new plant.  A well executed Due Diligence study can play an important role in the rapid integration of a new acquisition into the existing enterprise from an expectations and culture standpoint.  This process using the Due Diligence study as a road map can be viewed as a type of “Front End Loading” for plant acquisitions.  An experienced Due Diligence team can quickly identify a number of issues that the new owner will have to...
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Expert Witness - A Becht Engineering Service to Avoid

Expert Witness - A Becht Engineering Service to Avoid
Becht Engineering personnel have significant experience in serving as Expert Witnesses for a variety of legal matters.   However, litigation can be costly, time consuming and often times the outcome is unpredictable.    It should be avoided if at all possible through implementation of proper controls and oversight. A much better strategy than after the fact litigation is to put contracts, systems, specifications and personnel in place to assure there is a good outcome on a project.  This will also assure that issues are addressed in timely fashion and resolved quickly.  Several years ago I wrote a paper titled “ The Top 10 Myths of Reliability Management. ” The first myth was “You can always trust your contractor.” While many contractors are quite competent, it is important to have a clear understanding of the expectations and the contactor must be monitored to assure the work is going according to plan.  Becht Engineering...
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Due Diligence -- Pay a Little, Save a Lot

Due Diligence -- Pay a Little, Save a Lot
  Acquiring a Petrochemical Plant, Refinery or Other Major Asset? It’s always important to have expert advice when you buy anything -- from a new car to a wide screen television.  Normally, there are many sources of information to determine which products provide the best value, reliability and that will last.   However what do you do if you are investing in a petrochemical plant or refinery or other major industrial plant? Certainly, there are no publications rating the integrity of the plant or forecasting operations subsequent to acquisition.  This is where Becht Due Diligence can be an important tool to assess future performance of an asset.   Becht Due Diligence is a structured process where an expert team using a flexible protocol provides a detailed evaluation of an asset.   Becht Engineering personnel have extensive experience in conducting due diligence assessments -- our people have led or comprised teams for over 20 Due...
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