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  2. Engineering, procurement, and construction - Wikipedia

    en.wikipedia.org/wiki/Engineering,_procurement...

    The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and ...

  3. Value of work done - Wikipedia

    en.wikipedia.org/wiki/Value_of_work_done

    VOWD of EPC (contract) services are measured in terms of actual physical progress based on the documentary evidence of the deliverable produced. The VOWD is determined by applying the percentage of physical progress achieved to the current committed value of the cost of that item, which is in general the contract or purchase order value, including any approved changes.

  4. International Federation of Consulting Engineers - Wikipedia

    en.wikipedia.org/wiki/International_Federation...

    the Silver Book covers projects which will follow the engineering, procurement and construction (EPC) and turnkey approach. [10] [12] the Green Book created a short form of contract. [10] The Yellow Book and the Silver Book effectively superseded the Green Book, as it is common for them to be used in the relevant circumstances. [11]

  5. New Engineering Contract - Wikipedia

    en.wikipedia.org/wiki/New_Engineering_Contract

    The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the UK Institution of Civil Engineers that guides the drafting of documents on civil engineering, construction and maintenance projects for the purpose of obtaining tenders, awarding and administering contracts.

  6. Front-end engineering - Wikipedia

    en.wikipedia.org/wiki/Front-end_engineering

    Traditionally, all of these documents would be developed in detail during a design review after a quote has been agreed to. A company using FEED will develop these materials before submitting a quote. Front-end engineering is typically used by design/build engineering firms. These firms may operate in various industries, including: Automation

  7. Punch list - Wikipedia

    en.wikipedia.org/wiki/Punch_list

    In the United States construction industry, contract agreements are usually written to allow the owner to withhold (retain) the final payment to the general contractor as "retainage". [3] The contractor is bound by the contract to complete a list of contract items, called a punch list, in order to receive final payment from the owner.

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  9. EPCI - Wikipedia

    en.wikipedia.org/wiki/EPCI

    In EPCI contracts, the contractor rarely carries the project risk unconditionally. Rather, contractor and customer have detailed discussions on the division of the risk. Risk of delays and cost overruns due to lacking weather windows is an example of a typical risk that may be borne by the customer rather than the contractor.

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