Typically, in the Oil & Gas industry, companies take the design-bid-build approach to project execution. This means the project starts with the engineering firm independently working through design, then moving to a bid process for the fabrication and then build; meaning the fabrication and construction contractor isn’t a part of the project until the end of the design phase. Projects that follow the design-bid-build model usually experience higher costs and schedule delays due to on-site conditions, unexpected requirements, lack of upfront communication or lack of resources due to last minute planning. Purchase of materials at the time of need, at current market rates, can see increases of up to 10% of total project costs. These delays, cost increases and unexpected requirements can severely impact the execution and feasibility of a project.