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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 ...
Aug 2019: APCO Infratech wins the contract of ₹2,378 crore and will develop the tunnel (balance work) under BOT (annuity) mode. [8] Tunnel will be built in 3.5 years with target completion by December 2023. [9] [10] Jul 2020: Work by new contractor APCO Infratech restarted. [11] Both end of the tunnel were through by end of June 2021. [7]
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. [citation needed]
National Highways Excellence Awards (2020): Silver award in Project Management (EPC) by MoRTH in January 2021. 1st rank for India's fastest-growing construction company in the Medium category by Construction World in 2020. [24] National Highways Excellence Awards (2019): Gold award in Project Management (PPP) by MoRTH in January 2020.
Early contractor involvement (ECI) is a type of construction contract where the principal contractor is engaged at an early stage in a project to offer input into the design phase. It is in contrast to the design–bid–build model where the contractor is only brought onboard at the end of the design phase.
The FEED package is used as the basis for bidding for Engineering, Procurement and Construction contracts (EPC, EPCI, etc) and is used as the design basis (or Basis of Design). A good FEED will reflect all of the client's project-specific requirements and avoid significant changes during the execution phase.
NEC Contracts logo. 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.
The National Highways & Infrastructure Development Corporation Limited (NHIDCL) is a fully owned company of the Government of India, set up in 2014 and is responsible for management of a network of over 10,000 km of National Highways out of 1,15,000 km in India.