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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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5 Features of EPC Contracts

Estimated reading time: 3 minutes EPC contracts are the most common form of contract used to undertake construction works of large scale and complex infrastructure projects in the global power industry. Under an EPC contract, a contractor is obliged to deliver the complete facility to a developer who needs to only turn a key to…

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