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| Engineering-Procurement-and-Construction-Management-EPCM |
Integrated projects tend to enable controlled and scalable work sharing, actionable feedback from every stakeholder and versatile content reuse. The leading Engineering, Procurement and Construction Management (EPCM) in today’s highly competitive world has been delivering capital projects, within a short time frame and also ensure very high quality, besides safety. These organizations are known to manage the project costs, while driving productivity by using solutions, which can help them to facilitate work sharing and collaboration between the globally dispersed project teams and workforces, to track and direct project changes, while complying with the different existing industry regulations and standards.
Why to avail the services of the best EPCM organization?
It is very important to avail the services of the very best EPCM organization present in the market, just to ensure that the task given to them is carried out to the satisfaction of the client and to derive the best results in a short period of time. A good and reputed provider is likely to understand the challenges of technology in regards to global infrastructure projects. Besides, they also offer project information and management solutions which span throughout the whole integrated project delivery, along with asset lifecycle for the EPCM organizations and owner-operators.
Solutions provided to clients
- Helps to diminish risk and to enhance project productivity and visibility. It also provides quality information and better integrity.
- The professionals help to ensure effective, efficient, and safe execution of the capital projects.
- They support, globally dispersed, complex, federated and loosely coupled capital projects.
- They support business processes, which implement the best practices in regards to capital projects.
- They enable global reporting, which is carried out from a single access point.
In short, the solutions that are provided by the EPCM professionals are quite practical and also present robust execution of capital project capabilities, which supports the following like:
- The asset’s performance simulation before it gets built.
- Information on digital project which is mobile, managed and shared across multiple ECPM phrases, right from handover of the project into its operations.
- Multi-project and multi-discipline type support
- Aggregation in regards to engineering information irrespective of its source, while ensuring it is quite useful throughout asset lifecycle.
Understanding EPC and EPCM for greater benefit and selection
EPCM and EPC are regarded to be two widely respected modes of project management. EPC is said to refer to Engineering, Procurement, and Construction. The owner for taking this specific mode requires signing just a turkey contract. It is the contractor who is responsible for all the processes, which includes construction, procurement and even designing. Also the contractor is required to negotiate and to sign contracts with the equipment provider, besides bearing all risks of expenses and to control costs involved. The owner is needed to negotiate with the general contractor. The EPC mode is quite suitable for projects which have less uncertainty and assured plans.
In EPCM, the alphabet ‘M’ stands for management. Several differences can be seen between EPCM and EPC. In this mode, it is the owner who is in charge, however, the contractor is said to be responsible for construction, designing and procurement. Therefore, the owner is required to get involved in the entire procedure, which includes signing of contracts with equipment provided, along with Construction Company. Often, the EPCM contractor offers the required equipment. Since this mode gives the owners greater autonomy, it is termed to be quite suitable for projects which do not have assured plans, while having the facility to change in future.
Understanding the concepts clearly can help the person to derive which one would suit the project and to increase productivity by leaps and bounds, without compromising on quality and by reducing expenses.
