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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 ...
OCM – offshore construction manager; OCS – offshore construction supervisor; OCTG – oil country tubular goods (oil well casing, tubing, and drill pipe) [23] OD – outer diameter (of a tubular component such as casing [citation needed]) ODT – oil down to; OFE – oil field equipment; OFST – offset vertical seismic profile
AACE International (Association for the Advancement of Cost Engineering) was founded in 1956 by 59 cost estimators and cost engineers during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire.
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion. [14] In April 2015, Leighton changed its name to CIMIC Group (abbreviated from Construction, Infrastructure, Mining and Concessions). [15] In March 2016, CIMIC purchased mining company Sedgman for A$256 million. [16]
In 1975, the company opened its U.S. head office in Denver, Colorado. Ernest Poole's sons, John Edward (1917–2007) and George Ernest (1921–1997), sold the company in 1977 to their 25 senior managers [4] and Great West Life. Poole Construction Company Limited changed its name to PCL Construction Ltd. in 1979. The company is now 100% employee ...
The result of a merger between three medium-sized local construction companies – IGB Construction Sdn. Bhd. (Ipoh Garden Bhd.), Jurutama Sdn Bhd and Mudajaya Sdn Bhd, IJM was formed in 1983. In April 2007, IJM acquired the Road Builder Group ("RBH"), its nearest competitor, to augment its position as one of the country's biggest builders.
In October 2017, Aecon and CCCC International Holding Limited (CCCCI), the investment arm of the state-owned China Communications Construction Company, announced that they entered into a definitive agreement under which CCCCI would acquire all of the issued and outstanding common shares of Aecon for $20.37 per share in cash, representing an enterprise value of $1.51 billion.