Freedom to optimize under an EPC Contract

Working on an EPC Contract brings higher risks for Contractors. They have to face all the circumstances that occur during the Project execution, with few exceptions, and still achieve the expected outcome or intended purpose. Is there anything that can counterbalance this exposure to make the project a success? Yes, the opportunity to optimize the EPC scope on the Project.

“EPC or not EPC, that’s the question”

EPC, standing for Engineering – Procurement – Construction, is a widely used term but not always correctly and these three words do not necessarily make us a lot wiser.
The relationship between Employer [or Owner] and Contractor, when an EPC Contract is correctly established, should be in accordance with certain principles listed in this post.

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“Contracts are our passion.” Business Environment Companies, whether small or large, wish to do their business based on well-balanced contracts. AfiTaC’s vision is that commercial & contractual relationships should be based on trust, respect, clarity, balance and should be win-win relationships for the long-term. Large multinational companies have considerable internal […]