Posts Tagged ‘contractors’
Understanding Costings in EPC Contracts
Estimated reading time: 4 minutes As global demand for power generation continues to grow, there is a growing shift in both the pricing and costing methodologies employed by turnkey contractors. This is largely due to the client or owner wishing to ensure that all (or most) of the risk exposure is to be…
Read MoreUnderstanding Production Sharing Contracts
Estimated reading time: 3 minutes The Production Sharing Contract is one of the most significant form of legal contracts/agreement to be found in the oil and gas industry. The purpose of any contract is to establish the rights; duties and obligations of the parties are in terms of both performance and conduct. By definition, a…
Read MoreUnderstanding A Contractor’s Capabilities and Readiness to Perform
Estimated reading time: 3 minutes Refineries, petrochemical plants and power plants are all major investments. Ongoing care and maintenance of the assets can involve up to 50% of the initial capital investment over the life of the plant. Increasing use of process plants by contractors is used to so support the maintenance and turnarounds…
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