Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which are preferred contract of EPC or EPCM for successful executing a large capex project?

user-image
Question added by Alpesh Patel , Assistant General Manager , Rubamin SARL
Date Posted: 2013/09/18
Deleted user
by Deleted user

fixed price vs cost plus, it always depends on the experience on doing the needed project, if a company is having a wholly new type of project, and it could not benchmark to approximate the price, and I believe this would be the case for the contractor, who may opt to provide an arbitrary price, hence, in this case, EPCM would be the solution.

Narasimhan Varadadesikan
by Narasimhan Varadadesikan , engineering manager , MECON (I) Ltd

Both are Ok . EPCM is more easy to handle than EPC .EPC is more challenging and suitable for those who revel in challenges

More Questions Like This