An EPC contractor like Matrix Service Company can provide turnkey solutions for your project. They will work with you at all stages of the project to ensure that your goals are met and that you are satisfied with the result. Feasibility studies Once one or more concepts have been identified, an EPC contractor can conduct feasibility studies to evaluate your options. In this phase, the budget and design are refined. With better estimates and narrower reach, you can determine which concept is best for your application. EPC and EPCM contracts can be very beneficial for a project. Choosing the wrong form of contract can have a significant impact on the costs and risks associated with the project. The contract you want to use requires a clear understanding of the objectives, scope of work, role of each party, and the structure of the contract as a whole. EPC contracts are agreements that provide for the engineering, procurement and construction of a project. They have become an industry standard agreement for the construction of P&E facilities. Essentially, such agreements provide companies in the energy and energy sector with a single point of responsibility – the EPC contractor – who manages all aspects of the project. They also define the relationship between the P&E company and the EPC contractor and state important details such as timing, liability and remedies. Next, let`s take a look at the role of an EPC contractor during the phases of your project.
A higher standard for your project Working with an EPC contractor can be a wise investment in your business. When you work with someone like Matrix Service Company, you bring over 35 years of industry experience and expertise to your project. When you choose Matrix for your next EPC contract, you can be sure that your project will be on time and on budget. We have the resources, strategic locations and technical skills to ensure your project raises the bar for your industry`s facilities. Upgrade to a higher standard. Call to get started today. The EPCM contractor has a duty to ensure that the engineering and design of the project conform to the technical and functional specifications of the project. The monitoring, management and coordination of the construction interface according to a detailed schedule is the primary responsibility of the EPCM contractor. Concept Development When you start designing your project and defining the priorities and goals of your facility, an EPC contractor can start working on the conceptual design.
The contractor designs a plant or upgrade based on capacity, inputs, outputs, throughput, and other specifications you need. Now consider the construction of a power plant. Energy and energy (P&D) projects are extremely complex. Not only must the plant be built to certain quality standards, but the project must also meet various energy performance and emissions requirements and comply with government regulations. Given the immense complexity of building such projects, a contractual framework that provides a lean, turnkey solution has become beneficial for P&E companies. Such a solution exists in the form of the EPC contract. Unlike the EPC model, the EPC contractor is not directly involved in the construction of the project, but is responsible for the detailed planning and overall management of the project on behalf of the owner or client. While an EPC contract takes the form of a design and construction contract, the EPCM model can be considered a professional service contract. While there is no standard EPC contract in its most typical form, the EPC contract requires the EPC contractor to be responsible for: The EPC contractor is responsible for entering into contractual arrangements on behalf of the owner or principal with other contractors, vendors, subcontractors and subcontractors through a tendering process. The EPCM contractor is entrusted by the owner or client with the management of the construction, while the owner or client is bound to various contractual relationships for the construction-related work.
From the point of view of an owner or customer, it is disadvantageous to be bound by various contractual relationships in the event of a dispute. Unlike the EPC model, in most cases, the owner or customer will be involved in a legal dispute with one or more of the other parties related to the construction of the project, to which the EPCM contractor will have to offer assistance. .