Engineering, Procurement & Construction (EPC) services refer to a form of contracting arrangement used in the construction and engineering industries, when a customer hires a contractor to perform the entire work cycle. The Contractor, within budget, performs the work, manages the project and arranges for the work of sub-contractors.
The EPC contract is concluded between the customer and the contractor. Under the contact the contractor bears all risks and is tasked with the execution of the full scope of works for the project.
Benefits of EPC Services contracts:
- Fixed budget and timeline
- Contractor is responsible for management of all the activities within the construction project chain
- Efficient project management as a one contact.
When the project development has been successfully finalized and financial close is achieved, time is of the essence. Thus, it is important that all agreements with partners for the EPC execution, such as technology partners and EPC consortia members, are duly prepared and executable. Royalstar Energy Systems manages all EPC activities. For projects with certain characteristics we also act as general contractor ourselves while for others consortia will be formed.
We can provide four key success factors. Those are the technological understanding for processes, the country know-how, the local partner networks as well as our EPC experience. With our EPC competence and procurement skills we can provide the customer a complete service for a lump sum realization of an industrial project.
Therefore, we verify the client’s requirements, prepare general and specific terms and conditions of the purchase, develop specific procedures for the individual projects and arrange the issue tender documents. Next to this, we expedite bids, recommend suppliers, co-ordinate pre-award meeting and negotiate the terms and conditions for the project. For the expediting and inspection, we can also provide a wide range of services, as for example the selection of reliable suppliers. Furthermore, we arrange everything around the shipping. With our decades of experience we can assure and arrange fast and economical transport and everything that comes with shipping as for example the preparation of shipping and customs documents.