Construction workers active on a project development building job site

Manufacturing Project Development Office

Labor analytics, site suitability assessments, credits and incentives and more: Let us help you navigate expanding or relocating.

Large capital-spend projects are complex. Manufacturers and project owners benefit from working with our project development office for support from concept through finance and construction. Overcome market challenges with our solutions for labor analytics, site selection, financial modeling and more.

    Whether you are expanding production capacity or reshoring/nearshoring suppliers to be closer to base operations and end customers, our manufacturing project development office can act as a go-to resource. Our data-driven, structured approach minimizes risks and improves ROI. We pair our deep industry knowledge with analytic tools to assess potential markets and labor costs, inform site selection and optimize supply chains.

    We don’t stop there. What sets us apart is our ability to continue providing value to manufacturers through project launch. Our team can manage contractor negotiation, structure funding, credits and incentives and drive long-term success with managed analytics for ongoing operations.

    Baker Tilly's Manufacturing Project Development Office

    We work with manufacturing clients to reach higher returns on their capital developments through informed decision making at each phase of development.

    Determining why you should invest, divest, or consolidate, or move operations is a key understanding that can influence the direction of the project. We guide owners in reviewing their goals, performance expectations, and asset utilization strategy.

    Why should we consider transformation and to what extent should we transform?

    • Identify the when, where and what for future transformation to be successful
    • Review organizational goals and project objectives
    • Perform strategic needs assessment
    • Define current and future production volumes and supporting distribution needs
    • Calculate the associated labor need
    • Define risks and constraints for supply, demand, markets, and/or subsidies and tariff programs
    • Explore structure options around ownership, partnerships and alliances

    Determining how the transformations should occur and where assets and infrastructure should be are critical factors in the project’s success. Through drafting a feasibility study, creating sound financial models, and determining site selection requirements, a project can be better positioned for financial success.

    How should the transformation occur? Where should we build, expand, consolidate or divest?

    • Explore design basis options (“how big, how fast”?)
    • Location suitability analysis
      — Labor availability and cost
      — Supply chain network design and optimization
      — Customer/market reach
      — Utility, water, wastewater loads and costs
      — Land availability and constructability
      — Regulatory and zoning
    • Cross-border trade analysis
    • Build a dynamic/flexible business model
    • Analyze financial metrics based on key driver sensitivities
      — Market prices
      — Capital costs and operating costs

    During this phase, the operations and supply chain models, resource requirements, location requirements, and market variables are reviewed to ensure the project meets the needs set in the business plan.

    How will the transformation happen and who will support and assist in the process?

    • Narrow facility site options to finalists
    • Engage engineers/vendors for operations support and site specific design
    • Solidify capital budgets with bids
    • Stakeholders final determination of facility and infrastructure location
    • Initiate discussions around supply and off-take agreements or separations
    • Initiate discussions with local/regional government on project intentions and potential incentives to support the project
    • Update and fine-tune operating model for external project finance needs

    This phase identifies tax credits, incentives, grants and debt options that complete the capital stack as required to meet project financial return thresholds. Contractor terms and agreements are finalized prior to project launch.

    How will we finance the transformation and supporting infrastructure?

    • Credits and incentives
      —      New Market Tax Credits (US Federal)
      —      Local/regional tax credits and incentives
      —      Identify subsidy grant program opportunities
    • Debt assistance
      —      Financial risk analysis
      —      Balance sheet, Income statement and statement of cash flows
      —      Determine debt and equity needs
      —      Funding scheduling
      —      Secure final funding
      —      Tax planning
    • Contract review
      —      Review pre-final supplier agreements
      —      Review pre-construction agreements

    Through effectively managing staffing, operations analytics, project accounting, and contractor relations, the project will be set up to move into construction and operations with an eye on long term success for all vested parties.

    How will we control and implement the project?

    • Outsourced staffing
    • Managed analytics for ongoing operations
    • Outsourced accounting or payroll
    • CFO advisory
    • Construction and funds draw management
    • Construction contract, financial and risk management
    • Tax planning

    Labor analytics

    Workforce shortages are real. Now more than ever, it is critical to assess labor availability and cost when a manufacturer is looking to expand or relocate facilities.

    Baker Tilly’s project development office guides manufacturers through a site suitability analysis that includes a nationwide site review and comparison on key labor metrics. Our labor analytics solution identifies optimal regions for your project based on employment numbers, wages and even commuting patterns.

    Watch the demo below to see how our labor analytic platform works.