EPC Engineering, Procurement, and

EPC (Engineering, procurement, and construction). Consolidation of the responsibility for those activities under a single contract(or). 

Thus, the estimated overall actual net construction cost of the plant was approximately 1,500,000,000, in the early 1980 decade, nominally. If this cost is inflated to the present (2014) using the Consumer Price Index, the EPC (Engineering, Procurement, and Construction) cost needs to be multiplied by a factor of about 2.9, giving approximately 4.35 billion, or 3600 per kW electric. 

Many companies engage specialist Engineering, Procurement, and Construction (EPC) companies, commonly known as contractors, at the detailed design stage. 

A second important constraint on the number of projects that can be carried out is the availability of critical resources. Companies with small engineering staffs will be able to carry out only a few projects at one time. Even if extensive use is made of Engineering, Procurement, and Construction (EPC) contractors, the owners will still need to provide some engineering support to each project. The availability of EPC contractors can also be an issue during times of peak industry construction. Projects that require extensive research and development work may be delayed because of constraints on the availability of researchers and pilot plant facilities. 

Most projects have a client (operator) who will run the facility once it is complete and an Engineering, Procurement, and Construction (EPC) contractor who is responsible for the design of the facility, the procurement of equipment (mostly from vendors and subcontractors), and construction. Reporting to the contractor will be a wide range of subcontractors and vendors. 

C. Post PHA Studies and Reviews during Engineering Procurement and Construction (EPC) stage... 

The procurement department establishes a list of qualified tenderers for engineering, procurement and construction (EPC). They must be able to offer adequate standard semi-submersible platform concepts and must be able to mobilise a project organisation with adequate qualifications and experience. Tender documents are developed and an invitation to tender is sent out. Bids are received and evaluated. An EPC contractor is selected among the tenderers. 

A single engineering/procurement/construction (EPC) contract consolidates responsibilities and leads to more effective execution. The EPC approach, also referred to as design-build, is a very attractive approach but could be... 

Construction costs (CC) are indicated as total plant costs and are the sum of the engineering and procurement costs (EPC) and contingenqr and owner s costs (C O). 

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