jtudor said:
Not to be argumentative, but Capital approval should not be a part of the process at this point. Capital approval should in all cases be finalized before the application for CP is filed. It would be a waste of time and money to pay all the costs associated with filing a CP before you had final approval to actually spend the money to make the facility improvement. From working in a corporate environment for hte past 10 years, I know how long some requests for capital can take to get approved, disapproved, re-approved etc. Depending on the culture of the company, you could waste as much as a year of your CP time waiting on approvals to come.
It really depends on the financials of the company.
Capital can be authorized, depending on the company on a fast track bases so it's not really an issue unless funds are tight. In most medium and small market situations I've worked regarding major facility changes money is funded AFTER the CP has been granted.
The application/engineering costs are far less than the hard costs of capital equipment.
But again it does depend on the level of "player" the company is. For some $200k is not much, for others it's a MAJOR investment that requires a trip to the investment banks/backers/etc and once you get the funds the clock is ticking on the re-payment/interest.
jwmarsh pointed out that the tower structural analysis for wind load has not been completed so this could be a major choke point with the project. Also being a leased tower there are further issues that come into play...
Jay Walker