Abstract
The need to replace/add new equipment should be firmly established and an approximate budgetary provision should be made. Prima facie, the investment should have a reasonable payback period, which is acceptable to the management after a cost–benefit analysis is done (benefits expected and the costs involved for the operation and maintenance of the new equipment.)
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© 2015 Springer International Publishing Switzerland
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Golwalkar, K. (2015). Classification of Equipment, Inquiry Document and Instructions to Vendors. In: Process Equipment Procurement in the Chemical and Related Industries. Springer, Cham. https://doi.org/10.1007/978-3-319-12078-2_2
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DOI: https://doi.org/10.1007/978-3-319-12078-2_2
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Publisher Name: Springer, Cham
Print ISBN: 978-3-319-12077-5
Online ISBN: 978-3-319-12078-2
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