Capital Project Execution: Decision to goEPC vs. EPCM

摘要

Looking at the current market situation -global, regional, and local -any business decision to invest money and build new production assets has a high impact on the bottom line of a company. The fragile and somewhat unpredictable economy has added an even higher focus on any project that is executed over the last few years. While the ultimate driver for any investment has always been the value gained, the additional need to deliver expected business results in a cost competitive and timely manner has added another level of complexity to the process. In order to achieve the same, the decision about which execution model should be used for each large project becomes not only a highly strategic decision, but also sets the stage regarding how much of company owned resources will be involved at various stages of a project's execution.