Ted TALK: “Due Diligence!”
Dyplast’s ongoing survey of
below-ambient insulation applications indicates that over 65% of projects fail
to exercise reasonable due diligence that would have otherwise resulted in
lower capital costs while achieving higher thermal efficiencies.
I’ve spoken on this before, particularly
at Conferences, on Panels, and within Industry Magazines. Due diligence
expresses the care that a reasonable person exercises to research, analyze, and
prepare for a transaction, process, or strategy.
My many esteemed colleagues
will echo my personal astonishment regarding how many insulants are selected
without the supplier even demonstrating compliance with applicable Codes and
Standards such as ASTM, CINI, etc. - - measured by an independent third party -
- not by an in-house lab, and not a product formulation different from the
product delivered. And since insulants are meant to insulate over the long
term, due diligence is also intended to ensure the life-cycle balance of cost
versus performance is achieved.
It is increasingly incumbent
on engineers, specifiers, asset owners, and stakeholders to be diligent
regarding the facts, the relevance of the facts, and full disclosure of facts.
A life-cycle costing of the insulation system is also warranted in the majority
of applications.
Respectfully
Ted Berglund
President
Dyplast Products
