Posts Tagged ‘EPCIC Contracts’
EPCIC: Managing issues like Delay
Average reading time is 5 minutes In the oil & gas industry, EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contracts may encounter delays which can result in billion-dollar losses and multiple lawsuits. Thus, prudent parties would often start scheduling for a project from the Invitation to Bid (ITB) stage itself. Therefore, it is imperative that…
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