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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. Under an EPCI contract, the contractor will design the structure (s), procure the necessary materials, undertake ...
Lump sum turnkey (LSTK) is a combination of the business-contract concepts of lump sum and turnkey. Lump sum is a noun which means a complete payment consisting of a single sum of money while turnkey is an adjective of a product or service which means product or service will be ready to use upon delivery. In the construction industry, LSTK ...
The Yellow Book covers circumstances of design–build, where mechanical and electrical (M&E), building and engineering works are designed by the Contractor. [8] [9] The Silver Book covers projects which will follow the engineering, procurement and construction (EPC) and turnkey approach. [8] [10] The Green Book created a short form of contract ...
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 model allows the contractor to ...
KEC International Limited (Kamani Engineering Corporation) is an Indian multinational company and also India's second largest manufacturer of electric power transmission towers [6] and one of the largest [7] Power transmission, Engineering, Procurement and Construction (EPC) companies in the world. It is headquartered in Mumbai, India [8] and ...
Chicago Bridge & Iron Company. CB&I, previously Chicago Bridge & Iron Co, was a large engineering, procurement and construction (EPC) company with its administrative headquarters in The Woodlands, Texas. CB&I specialized in projects for oil and gas companies, [ 4 ] and once employed over 32,000 people worldwide. [ 5 ]
Project finance. Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of equity investors, known as 'sponsors', and a 'syndicate' of banks or other lending ...