Paving the Way to Plant Operation

There are numerous publications dealing with industrial plant construction processes therefore, the 

Study of the optimization and selection of priority projects (composed of the following elements)  

Feasibility study of the selected priority project. The feasibility study should be prepared according to the UNIDO manual on project preparation, evaluation, and financing [19]. 

Cost Plus Fee Contract- After the investor selects the technology and purchases the licenses and basic engineering, the contract is executed with the general contractor for a complete set of services necessary for the constructbn of the plant. The contractor is paid either a firm fee for all services budgeted or a percentage over the realized services. Selection of this 

Turn-Key Contract- The contract is concluded after the technology has been selected. This is a firm price contract (with a possible price escalation formula) for all deliveries and services including civil works, startup, and guaranteed test runs of the complete fertilizer plant. The contract preparation requires a large volume of work and time to define the scope and specifics of deDveries and services. The investor has little involvement in the construction process primarily the investor concentrates on training the labor and staff for plant operation and maintenance. 

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