Updated:
Originally Published:
May 25, 2016
There are two types of construction contracts that are common in today’s high-voltage substation construction marketplace: EPC and EPCM. When deciding which one is right for you, there are several factors to take into account. Let’s take a look at the two types of contracts and their major differences.
An EPC contract is a turnkey solution, which means that the construction company provides the complete package of services. Under an EPC contract, the owner hires the EPC contractor, who then supplies its own engineers, consultants, suppliers and other contractors. With an EPC contract, the contractor takes full responsibility of the project, handling the design, procurement, construction, and commissioning.
This contract is common among the mining, petrochemical and power plant industries. Under an EPCM contract, the owner maintains more control of the project. The contractor manages the construction project, but only under the direction of the owner. With an EPCM contract, the owner is responsible for hiring suppliers, construction workers and other contractors.
First to consider is your industry. If you’re looking to build an operating facility, an EPC contract is likely the most beneficial choice. Your EPC contractor will provide high quality engineers who will supply a design blueprint and a cost estimate for each separate area or phase of construction.
The EPC contractor can follow a strict schedule and will hire the correct contractors for your project without any effort on your part. An EPC contract is best for those looking to build high voltage power stations, as the nature of the project is complex and construction can introduce a number of risks.
Beta Engineering offers high quality EPC services for high voltage power systems. Our friendly staff and top rate engineers will handle your entire project from start to finish. Contact us today to learn more.
Updated:
May 25, 2016
Updated:
Originally Published:
May 25, 2016
There are two types of construction contracts that are common in today’s high-voltage substation construction marketplace: EPC and EPCM. When deciding which one is right for you, there are several factors to take into account. Let’s take a look at the two types of contracts and their major differences.
An EPC contract is a turnkey solution, which means that the construction company provides the complete package of services. Under an EPC contract, the owner hires the EPC contractor, who then supplies its own engineers, consultants, suppliers and other contractors. With an EPC contract, the contractor takes full responsibility of the project, handling the design, procurement, construction, and commissioning.
This contract is common among the mining, petrochemical and power plant industries. Under an EPCM contract, the owner maintains more control of the project. The contractor manages the construction project, but only under the direction of the owner. With an EPCM contract, the owner is responsible for hiring suppliers, construction workers and other contractors.
First to consider is your industry. If you’re looking to build an operating facility, an EPC contract is likely the most beneficial choice. Your EPC contractor will provide high quality engineers who will supply a design blueprint and a cost estimate for each separate area or phase of construction.
The EPC contractor can follow a strict schedule and will hire the correct contractors for your project without any effort on your part. An EPC contract is best for those looking to build high voltage power stations, as the nature of the project is complex and construction can introduce a number of risks.
Beta Engineering offers high quality EPC services for high voltage power systems. Our friendly staff and top rate engineers will handle your entire project from start to finish. Contact us today to learn more.
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