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Energy Business Review | Friday, May 03, 2024
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If you want your project to be part of a movement with reduced adverse environmental impacts, seek a contractor who adopts sustainable practices and resources.
Fremont, CA: The EPC contract is a turnkey for large-scale infrastructure projects involving planning, engineering, procurement, and construction. Businesses must choose the right EPC company to meet quality expectations and ensure successful project completion. This article provides essential insights into the key factors to consider when selecting an EPC company for better decision-making.
Factors to Consider When Choosing an EPC Company
Some of the factors that you must count on while choosing an EPC (engineering, procurement, and construction) contractor or company are:
Transparency
The contractor should maintain transparency throughout the project's implementation, informing you about progress, issues, and halts. They should disclose all financial plans openly, without hidden charges or attributes. If there are any variations, the contractor or company must discuss them before implementing the changes.
Quality Standards
The EPC engineering company should prioritize quality, meet client expectations, and implement a proper quality control strategy. To comply with government regulations, they should implement ISO 9001 as their optimal quality management system, ensuring contractor adherence to quality standards.
Optimal Project Management
EPC contractors require strong project management skills and a qualified team to effectively manage construction projects. They must ensure clear milestones, deadlines, risk identification, and progress supervision for successful completion and peace of mind.
Cost Optimization
When hiring an EPC contractor, consider their cost optimization capabilities, which involve keeping construction expenses within budget, identifying cost-saving opportunities, negotiating with suppliers, and selecting cost-effective materials.
Tips for Choosing the Best EPC Company
Beyond the important factors, here are also a few tips for choosing the best EPC company for your project needs:
● Define the scope of your project clearly and use it to make accurate project bids for facility construction.
● Experience is the key. Even if the EPC contractor stands out on all these points but has a poorly experienced team, it won’t work well for you. So, study the team's overall experience while assessing the EPC Company.
● The EPC Company you hire should emphasize promoting sustainability in all possible areas. If you want your project to be part of a movement where adverse environmental impacts are reduced, seek a contractor who adopts sustainable practices and resources.
● The contractor should not cut corners associated with safety just to complete the work within a specified time and budget.
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