In the aftermath of a significant facility fire, the Client, a national leader in premium sparkling beverages, faced a critical challenge: the absence of a current equipment inventory and established asset values led to a prolonged insurance settlement, production delays, and a suboptimal claim outcome. With a newly upgraded production line and process equipment, the Client recognized the urgent need for robust documentation to safeguard future operations and ensure rapid recovery from potential losses.
First Key conducted an in-depth inventory and inspection of all equipment, utilities, and process systems at the Client’s upgraded facility. Our team delivered a detailed inventory and replacement valuation report, incorporating installation and commissioning costs, and adjusting all values for depreciation and inflation. The project was executed on time and within a fixed fee budget, demonstrating First Key’s commitment to operational excellence and strategic partnership.
As a result, the Client gained the confidence of having precise insurance coverage and documentation, enabling effective and speedy recovery from future incidents. The valuation established a benchmark for asset protection, reducing settlement times and minimizing production downtime. This engagement not only mitigated risk but also unlocked new business opportunities, empowering the Client to pursue growth initiatives with assurance and agility. The data-driven methodology and client-focused execution by First Key delivered measurable value for the client.
