How it works: Closing a Lab

Whether a small enterprise or large institution, many organizations have and will be faced with the challenge of closing a lab. No matter what the size or scope of the closure, the person tasked with closing the facility faces a daunting task as millions of dollars in real estate, laboratory equipment and research devices will need to be redeployed, sold, or disposed of. With that comes teams to manage, logistics to sort out and inventory to be accounted for, all the while adhering to a budget, timeline, and environmental and safety standards.