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EPC Project Management

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Introduction

EPC is a term for Engineering, procurement, and construction. It deals with the procedure and process related to managing systems from the commencement stage to the completion stage. This is further of a legal contractual arrangement where an individual or a company is known as an EPC contractor would streamline the process related to a particular design or construction from its commencement phase to the completion phase.

The EPC contractor would be responsible for carrying out all the conditioning from the original design, product, processing, and completion of the design. Once the design is completed, it would be handed over to the end stoner. The end stoner or proprietor would take the design only when it's completed.

EPC design operation hence would be considered as the entire process which is dealt with by the EPC contractor. Engineering the contract would consider all the conditions of the contract. This would include the time taken to consider the form of contract, accouterments needed, individualities responsible for carrying out the conditioning, and the permission plan or blueprint of the construction. Procurement would include the horizon of securing all the capital goods and raw accouterments needed for carrying out the design.

Under procurement, the contracts which are entered into for securing raw accouterments would also be carried out. Construction would include the perpetration phase of the entire design. Then the main criteria would be the coffers utilized in carrying out the construction. Piecemeal from this, the time aspect would be the main criterion for this.

Hence EPC design operation would be the entire process of managing the design from the commencement phase to the completion phase. It's pivotal to secure proper EPC design operation consulting services in order to finalize a design.

Benefits of EPC Project Management

There are different forms of benefits of EPC design operation. Some of the benefits are as follows

  • Ease of Burden
By using EPC design operation, the company can have smaller burdens as the work would be completed under the horizon by the same company or existent. This company is known as an EPC contractor.

  • Professional Services
EPC design operation is generally conducted by professional companies and individuals. Hence there are no issues related to the completion of similar systems. These systems can be completed within a quested time frame.

  • All Services under one Company
All the services related to engineering, procurement and construction are carried out by one company. Hence the individual giving the contract would not have the burden to assign the procurement and construction aspect of the design to another company. All the services would be carried out by one company.

  • Secure
As the services handed by an EPC contractor would be carried out with industriousness and integrity. Hence a company can trust the EPC contractor without any burden.

Who are the parties under EPC Project Management? 

The following are the parties under EPC design operation 

  • EPC Design Director
An EPC design director would generally be a company or an individual involved in carrying out the entire work related to EPC design operation. This would be right from the morning of the engineering till the completion of the design all the liabilities would be carried out by the EPC design director. Generally the EPC design director would be a company or engineering group which carries out different forms of EPC systems.


  • End Stoner Proprietor
The End Stoner or the proprietor is the party that provides the contract to the EPC design director. Hence the end stoner would be a company or existent that provides the whole EPC design to the EPC Company. A fixed budget would be considered by the End Stoner. Popular demand would be carried out as per the conditions of the end stoner. Grounded on the objects and requirements of the end stoner, the EPC company works.

  • Third Parties
Third parties would be other forms of individualities and companies involved in the force chain of EPC design operation. This would be individualities similar as third party suppliers of raw accoutrements and capital goods for the completion of the design. 

The End Stoner or the proprietor is the party that provides the contract to the EPC design director. Hence the end stoner would be a company or existent that provides the whole EPC design to the EPC Company. A fixed budget would be considered by the End Stoner. Popular demand would be carried out as per the conditions of the end stoner. Grounded on the objects and requirements of the end stoner, the EPC company works.

Part of an EPC contractor under EPC Project Management

EPC design operation is relatively complex. The following places are carried out by an EPC contractor 

  • EPC Project Management Company
When the contract is given to a company that carries out the duties of an EPC contractor, also the company must employ different and specialized staff to carry out the conditions of the design. Similar services must be handed as per the conditions of the end stoner conditions.

  • Development of Concept
The development of the conception would depend on the conditions of the end stoner. Hence the EPC design operation company should concentrate on the objects and the precedence of the end stoner. All these objects must be streamlined as per the conditions of the end stoner.

  • Carry out Feasibility Studies
In the coming step, the EPC design director would carry out a feasibility study. This is also known as a cost and budget analysis, to understand the conditions of the end stoner grounded on the cost and budget planned. Similar feasibility analysis must be proved and bandied with the end stoner or proprietor. Through this, the conditions of the end stoner would be understood. Piecemeal from this, a feasibility is carried out to understand the quantum of budget needed for carrying out the EPC.

  • FEED Analysis and development
FEED is a condensation of Front End Engineering and Design. This would be one of the main way of carrying out the EPC contract. The design and coffers utilized in this step would be carried out. Process inflow plates and other particulars would also be bandied under this step. One further critical demand is to carry out Hazard Analysis (PHA). This has to be proved. Similar validations would help in achieving the process related to perpetration of the EPC contract. FEED analysis is a resourceful tool which is utilized in design budgeting. Similar tools are useful in budgeting analysis.

  • EPC Perpetration
After carrying out all the over, EPC perpetration would be carried out. Engineering would include all the conditions for the company to carry out the design. Procurement would include the needed raw accoutrements for enforcing the design. Other issues then would include demand and force of capital goods and other form of raw accoutrements. Construction would be main stage of enforcing the design.

  • Commissioning EPC
This is the critical step in EPC. Without this step, the whole process of EPC would not be carried out by the company. Commissioning would include the demand of labor to carry out the work for the EPC contract.

  • Quality Norms
In all EPC contracts, design operation quality should be maintained. Similar quality must be of high norms, in agreement with the conditions of the End Stoner.

What's the difference between EPC design operation and Turnkey Project?

The below terms EPC design operation and Turnkey Project aren't the same. EPC is a condensation for Engineering, Procurement and Construction. EPC would include some form of engineering contract with an introductory set of controls and procedures. As long as the below controls and procedures are followed, the contract would be completed within a quested period of time.

Hence in an EPC design there would be a standard frame to be followed by the EPC contractor in carrying out the conditions of the end stoner. As long as these norms are achieved, the EPC design would be completed.

Turnkey Project isn't analogous to EPC design. Turnkey design would be a construction contract which is suited to meet the specific criteria or the conditions of the end stoner. There are more rules related to specialized procedures which are followed in a Turnkey Project. In a turnkey design the contractor would design the requirements grounded on the criteria which come with the design.

In an EPC design, there would generally include third parties which are involved in the process of carrying out the conditions. Still, in a Turnkey design the developer would handle all the conditions of the design.

For illustration take the construction of a field or a port. However, also the contractor would have to carry out all the design, engineering, if this design is considered on a Turnkey base. Individual systems for the field would not be allowed to carry out. Still, in an EPC design individual systems would be allowed to be subcontracted to other design engineers and masterminds.

What do I need to give to hire an EPC contractor under EPC design operation?

In order to hire a professional EPC contractor under EPC design operation, the following would be needed 

  • Compass of the Project
This would include the main objects and pretensions which can be attained by carrying out such a design. 

  • Project Details
This would include the blueprint of the design and other details which is needed by the EPC design director. 

  • Budget
This is pivotal for carrying out the design. Similar budget would be critical in enforcing the design. Budgeting analysis has to be carried out by the EPC design director.

  • Legal Documents
All the legal documents, for carrying out a particular engagement also have to be handed to the EPC design director. 

  • Enter into Legal Agreements
It's pivotal to always enter into legal agreements with the EPC design operation company. All the terms and conditions related to the design must be negotiated and written. The agreement must be inked by both the equivalence and executed to have legal significance. The end stoner must also insure that the contract is covered by different clauses to limit his liability.

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Author
Dheeraj Budhori
Dheeraj Budhori, an Internet Researcher & SEO, started his Optimizer journey in 2019. His top executive is his passion for search engine analysis & interest in understanding User psychology