80 likes | 279 Views
Definitions. EPC Design/Build Contract Lump Sum Based on FEED Package by Others EPCM Design/Build Contract Integrated Project Team Mixed Pricing Strategy EPCM Services – Cost Reimbursable Construction – Multiple Fixed Price Contracts. EPCM Delivers Better Results. Cost
E N D
Definitions • EPC • Design/Build Contract • Lump Sum • Based on FEED Package by Others • EPCM • Design/Build Contract • Integrated Project Team • Mixed Pricing Strategy • EPCM Services – Cost Reimbursable • Construction – Multiple Fixed Price Contracts
EPCM Delivers Better Results • Cost • Better project definition • Shared risk • Cycle Time • Continuity from Concept to Commissioning • Operability • Visibility • Flexibility to monitor and change
EPCM Builds In Country Capabilities • Engineering & Design • FEED • Detailed Design • Career opportunities • Construction • Manageable Packages for Local and Regional Contractors