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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 ...
EPCI stands for Engineering, Procurement, Construction and Installation, a common form of contracting arrangement within offshore construction.The acronym EPIC for Engineering, Procurement, Installation & Commissioning is also used.
The tender is treated as an offer to do the work for a certain amount of money (firm price), or a certain amount of profit (cost reimbursement or cost plus). The tender, which is submitted by the competing firms, is generally based on a bill of quantities , a bill of approximate quantities or other specifications which enable the tenders to ...
In traditional construction contracts (known as design–bid–build contracts) the principal contractor is only engaged when a detailed design is complete. An invitation to tender is published and a number of contractors will price the construction of the design, from which a single winner will be chosen to complete the works.
The Swiss Guide is free for download and explains how EPC works and what the do's and don'ts are. The public tender procedure is explained step-by-step and illustrated by useful infographics. The Guide also includes useful tools for the analysis and implementation of EPC projects, such as templates for contracts.
In contrast to "design–bid–build" (or "design–tender"), design–build relies on a single point of responsibility contract and is used to minimize risks for the project owner and to reduce the delivery schedule by overlapping the design phase and construction phase of a project. Design–build also has a single point responsibility.
The immediate task of the General Consultant was to prepare engineering, procurement and construction (EPC) tender documents for selecting the contractor for the Airport Metro Project. [ 66 ] [ 67 ] The SYSTRA -led consortium would deploy 18 experts of different railway engineering disciplines and about 70 senior and field engineering personnel ...
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract.