How Important Is It to Have a Lab Relocation Manager as a Part of the Team?

As a venture capitalist, you want to ensure your investment is being protected. Whether they be developers, architects, engineers, or lab asset specialists, protecting your investment requires a seasoned and highly skilled team to properly execute on your vision and optimize your investment.

Laboratories, regardless of size, can greatly minimize the financial and regulatory risks associated with a relocation by assembling the right team. Partnering with an experienced relocation specialist is not only a smart decision, but an integral part of the executing a cost effective and efficient lab relocation project, at minimal risk to its investors.

A partnership with a laboratory relocation expert can not only streamline the relocation process, protect the laboratory’s assets, instruments and samples that are irreplaceable, but provide hands-on project management and supplement the efforts of an owner’s project manager (OPM) in critical areas that may not be their expertise. 

When should a Lab Relocation Specialist Be Brought on to a Project?

To protect your investment, it is critical to have proper management of all aspects related to a relocation as soon as it is decided that the expansion or relocation is to take place.

A laboratory relocation expert will help in the preparation of accurate asset lists enabling the lab planners and engineers to properly and efficiently plan the lab, which if not done properly, will delay the project and cause cost overruns before the project has even begun.

A qualified lab relocation specialist can also assist in determining the phasing of the project as it applies to the operation of the laboratory, assist in the budgeting process, coordinate vendors and procurement activities, and can present cost efficiency measures regarding the overall project. 

A lab relocation specialist will not only be able to efficiently obtain, organize and execute on the necessary information required for the move, but solicit willing engagement of the entire project team right from the start, which is essential for the success of the project.

What Skills Can a Lab Relocation Specialist Offer an Incubator/Start-Up Lab?

Running a start-up is tough enough. Financing a vision is a risk. Why leave such a critical event in the life of a lab in the hands of an owner or team that is already going full throttle trying to bring that vision to reality? 

Regardless of the size, a Lab Relocation Specialist provides critical organizational and execution skills required to let the science team focus on its sciences and give the investors the peace of mind that their investment is in good hands.   

Whether it be assisting with block or fit plans, providing assistance with regulatory requirements, sourcing of instrumentation, organizing vendor activities, data compliancy and the myriad of other activities associated with the relocation of the laboratory, a Lab Relocation Specialist can perform these tasks efficiently and effectively, letting the scientists focus on their science and investors focus on investing.