Due to the complex nature of Engineering, Procurement, and Construction (EPC) projects, managing time effectively is critical. When delays occur in EPC projects, they can disrupt the project's critical path, leading to cost overruns, reputational damage and, importantly, legal consequences.
Despite best efforts, time overruns remain a significant challenge for many Engineering, Procurement and Construction (EPC) projects, potentially leading to delays, cost escalation, and even legal disputes. This article explores the common time management pitfalls in EPC projects and suggests strategies to avoid them.
Construction contract execution involves a range of activities that ensure the contractor is ready to manage the project effectively and comply with contractual obligations. Thorough preparation mitigates risks and lays a solid foundation for the project's success.
Contract administration is a critical function of infrastructure and construction projects. Effective contract administration involves overseeing the project's progress, managing risks, and resolving disputes, among other requirements.
When working on infrastructure and construction projects, a well-drafted contract establishes the legal, financial, and operational frameworks within which projects are executed. However, common errors in these contracts often lead to significant challenges, including disputes, delays and cost overruns.
There are several contracting models used in construction projects. In this article, we cover the Engineering, Procurement, and Construction (EPC) contracting model, which is widely used for large-scale infrastructure projects. The appeal of EPC contracts is due to the turnkey approach, which places the responsibility for design, procurement, and construction on a single contractor.
Construction projects typically require a multi-disciplinary approach for managing project costs. A logical, common-sense approach is required, which involves managing costs at the outset, during the tender stage and right through the project life cycle, to project completion.
Engineering, procurement, and construction (EPC) projects are pivotal in large-scale infrastructure developments; for example, in sectors like renewable energy. The success of these projects hinges on robust contractual mechanisms that mitigate risks and ensure performance.
Risk management in construction and infrastructure projects is a coordinated system of identification, assessment and mitigation of risks that could potentially impact a person, a task, or even the project. The first step in risk management is to identify the risk.
Certifying, in a construction project, has many synonyms such as assessing, verifying, attesting, endorsing…and the list goes on. In our latest blog, we explore 5 common examples of a superintendent’s certifying functions.
Most people are familiar with the concept of cause and effect and the popular saying… ‘you reap what you sow’. In the context of construction projects, this blog discusses examples of the types of errors in construction projects and how errors can affect construction projects.
The superintendent and project manager may have different responsibilities, shared responsibilities, and even different levels of authority. This all depends on the size and complexity of the project, and it may differ from project to project.