On the surface, a shipyard’s quotation might seem straightforward—but dig a little deeper, and you’ll often find unexpected expenses lurking beneath the surface. These hidden costs can derail your budget and timeline if not addressed early. This post highlights the most common hidden costs in docking projects and offers strategies to mitigate them.
1. Unspecified Material Costs
Many shipyards provide only a general estimate for materials, leaving room for significant variances.
- What to Watch For:
Items like paints, coatings, and replacement parts are often priced „as needed.” - How to Mitigate:
Request a detailed list of materials and their associated costs upfront.
2. Labor Overruns
Labor costs can skyrocket if the scope of work expands during the project.
- What to Watch For:
Vague labor estimates or exclusions for overtime. - How to Mitigate:
Negotiate a fixed labor rate and include provisions for additional work in the contract.
3. Testing and Trials
Sea trials and equipment testing are often excluded from the initial quote.
- What to Watch For:
Charges for additional fuel, crew, or inspection services. - How to Mitigate:
Ensure these costs are included in your agreement or budgeted separately.
4. Port and Environmental Fees
Local regulations may impose fees for waste disposal, environmental compliance, or port services.
- What to Watch For:
These charges are often listed as „miscellaneous.” - How to Mitigate:
Research local requirements and include them in your cost planning.
Conclusion:
Hidden costs can add up quickly, but with the right preparation and expert analysis, they don’t have to take you by surprise. Our consultancy services are designed to uncover and address these issues before they impact your budget.
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