Cost is a major factor in any business decision. As you consider different jobs that require piping, keep in mind the following 4 costs:
- All required parts, including the pipes, valves and pipe fittings, and their initial investments.
- If your chosen pipe material is readily available or needs to be imported. If it needs to be imported or isn’t readily available, that may drive prices up.
- Routine and emergency maintenance appointments – this includes determining who will be managing maintenance, be it an in-house maintenance crew or hiring a third party.
- Pipe lining materials, if applicable. Pipe linings are relevant based on the temperature, pressure, and other factors of the liquid or gas running through the pipe.
It’s important to evaluate the return on investment for any expense, including the cost of pipe materials. For instance, if a material is ideal for your industry due to factors like thermal regulation and durability, but is more costly, it’s essential to consider the potential loss that could result from selecting a cheaper, less effective option. In many cases, opting for subpar pipe materials can lead to much higher costs in the long run. That’s why it’s crucial to prioritize your industry’s non-negotiable needs when comparing costs.