Devex/CAPEX Management

Renewable energy projects like offshore wind involve complex engineering, expensive installation campaigns, and long development timelines. Effective cost management ensures budgets remain accurate, funding requirements are understood early, and project decisions are driven by real data rather than assumptions. This protects project value and prevents overruns that can jeopardize project delivery.

LAUTEC’s specialists bring structured estimating methodologies, publicly available benchmark data from comparable renewable projects, and deep industry knowledge. This ensures budgets are built on realistic assumptions, appropriate contingencies, and accurate cost breakdown structures aligned with contract packages. Our extensive knowledge of other project controls fields ensure that cost estimates are grounded in project scope, aligned with project planning and execution strategy, and consider appropriate contingencies based on project specific risks.

We support the full pre-FEED and FEED lifecycle, including conceptual high-level DEVEX, CAPEX, OPEX, and DECEX estimates, LCOE modeling, supply chain cost assessments, scenario analyses, and cost breakdowns for all project scopes. Our experience and expertise covers the majority of onshore and offshore renewables, from Onshore Wind, Solar PV, BESS, PtX, and Biomass to Offshore Wind and Interconnectors.

We develop detailed cost models, support bid evaluation, perform commercial reviews, validate supplier pricing, and track variances between estimates and submitted bids. This ensures procurement decisions are cost-transparent and aligned with budget expectations. We have also supported clients in developing and implementing the full suite of cost control processes from Purchase to Payment and can provide our own automated software solutions or support implementation within the project’s existing IT landscape.

We have used a variety of tools either provided by our clients or custom built for purpose. All of LAUTEC’s financial & cost models are AACE-aligned and based on financial modeling standards and principles such as FAST & SMART. We have additionally developed custom-built dashboards for real-time reporting in Power BI and our digital approach enables automation whilst ensuring quality and oversight.

We run monthly cost reviews, monitor actuals vs. budget, update commitments, evaluate change events, and refine forecasts based on progress trends. This proactive approach allows early intervention and avoids last-minute financial surprises.

Yes. We provide independent third-party reviews of DEVEX, CAPEX, OPEX, and DECEX assumptions, contractor pricing, contingency adequacy and risk allowances. Our expert insights can support any due diligence process, whether the project is still in the initiation phase or nearing financial close.

Cost and schedule are intrinsically linked. We use earned value management (EVM) and integrated cost–schedule reporting to identify variances early. This provides actionable insight into performance, productivity, and forecast-to-complete values. Additionally we are able to develop automated links between project planning software such as Primavera P6, MS Project, and our custom built financial and cost models.

Absolutely. We analyze procurement strategies, logistics concepts, installation methodologies, and portfolio synergies to identify cost-saving opportunities without compromising project quality. Our extensive experience with risk & opportunity management along with our knowledge of project financing allows us to not only identify project levers but plan and realize their implementation.

We have provided full-time and part-time CAPEX Managers, Cost Engineers, Cost Controllers, Business Case Managers, and Analysts for Offshore Wind, Onshore Wind, Solar PV, BESS, Biomass, and Interconnector projects at all project stages from initiation to operations. We have also supported clients with short term fixed assignments such as site screening and LCOE analysis, project feasibility reviews, due diligence, and tool & process development.