One issue that some engineering procurement programs have, especially when both parties are under contract or working towards a contract, is the lack of clarity on what is expected of both parties. Sometimes this lack of clarity comes in the most simplest thing such as how the procurement artefacts are to be written, what technical information they will contain, and the format of such documentation. Such misalignment between the purchaser and the vendor comes at the cost of valuable company resources such as money, productive hours, and trust between both parties, as they try to gain clarity on expectations. This would slow down the execution of any program. Enter a document known as a Data Item Description, or DID. It is a type of contractual artefact that outlines how different technical documents required under contract from the vendor are to be written. They detail the format of the contents, the specific information required, and any supplementary documentation is required under contract. A DID is commonly used in military contracts, but it can be useful for all types of engineering contracts involving the procurement of valuable assets. I am not sure if the EPCM utilizes such types of contract documents (feel free to advise if you work in this space), but the DID, or the like, is a key tool to ensure all procurement packages are compliant to contract and that the execution of any procurement program runs as smoothly as possible. (Source: https://lnkd.in/g6sS-G5w) #DataItemDescription #TechnicalSpecification #EngineeringContracts #Procurement #ProcurementPackage #ProjectEngineering #AssetEngineering #Calgary #OilandGas #EnergySector #MechanicalEngineering
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𝗪𝗵𝘆 𝗨𝗦𝗣&𝗘 𝗚𝗲𝘁𝘀 𝗜𝗻𝘃𝗼𝗹𝘃𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗣𝗖 𝗣𝗵𝗮𝘀𝗲, 𝗘𝘃𝗲𝗻 𝗮𝘀 𝗢&𝗠 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁𝘀 By participating early in the Engineering, Procurement, and Construction (EPC) phase, we ensure the systems and equipment we later maintain are optimised for long-term performance! Here’s how it benefits our clients: 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: We design with O&M in mind, ensuring smoother operations down the line. 𝗕𝗲𝘁𝘁𝗲𝗿 𝗗𝗲𝘀𝗶𝗴𝗻 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀: Our input results in equipment that’s more reliable and easier to maintain. 𝗘𝗮𝗿𝗹𝘆 𝗥𝗶𝘀𝗸 𝗠𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻: We identify potential operational risks early, avoiding future headaches. 𝗢𝗽𝘁𝗶𝗺𝗶𝘀𝗲𝗱 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: From equipment selection to efficient designs, our involvement boosts performance and reduces costs. 𝗦𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝗖𝗹𝗶𝗲𝗻𝘁 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀: From start to finish, we’re a trusted partner. From EPC to O&M, we’re here to drive success. Let’s build a stronger future together! #EPC #OperationsAndMaintenance #Engineering #Reliability #USP&E
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🔧 Engineering Excellence! 📦 Proactive Procurement!! 🏗️ Superior Construction! At Current Design Group, every successful project is built on meticulous planning, precise execution, and seamless integration of all phases. Our nuanced approach to Engineering, Procurement, and Construction (EPC) sets us apart in the industry. 🌟 Engineering! We don't just design solutions; we innovate with purpose. Our experienced engineers tailor each project to meet specific needs, ensuring efficiency, safety, and sustainability at every step. 📦 Procurement! Beyond sourcing materials, we forge strong partnerships with suppliers to guarantee quality, timely delivery, and cost-effectiveness. Our procurement strategy is proactive, addressing potential challenges before they arise. 🏗️ Construction: Our construction phase is where plans come to life. With a focus on precision and quality, we manage every detail, ensuring projects are completed on time and within budget without compromising on excellence. Experience the Current Design Group difference, where each stage of EPC is handled with unmatched expertise and dedication. Let's build the future together. #Engineering #Procurement #Construction #EPC #Innovation #Quality #CurrentDesignGroup
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𝗪𝗵𝘆 𝗨𝗦𝗣&𝗘 𝗚𝗲𝘁𝘀 𝗜𝗻𝘃𝗼𝗹𝘃𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗘𝗣𝗖 𝗣𝗵𝗮𝘀𝗲, 𝗘𝘃𝗲𝗻 𝗮𝘀 𝗢&𝗠 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘀𝘁𝘀 By participating early in the Engineering, Procurement, and Construction (EPC) phase, we ensure the systems and equipment we later maintain are optimised for long-term performance! Here’s how it benefits our clients: 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗧𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻: We design with O&M in mind, ensuring smoother operations down the line. 𝗕𝗲𝘁𝘁𝗲𝗿 𝗗𝗲𝘀𝗶𝗴𝗻 𝗗𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀: Our input results in equipment that’s more reliable and easier to maintain. 𝗘𝗮𝗿𝗹𝘆 𝗥𝗶𝘀𝗸 𝗠𝗶𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻: We identify potential operational risks early, avoiding future headaches. 𝗢𝗽𝘁𝗶𝗺𝗶𝘀𝗲𝗱 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲: From equipment selection to efficient designs, our involvement boosts performance and reduces costs. 𝗦𝘁𝗿𝗼𝗻𝗴𝗲𝗿 𝗖𝗹𝗶𝗲𝗻𝘁 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀: From start to finish, we’re a trusted partner. From EPC to O&M, we’re here to drive success. Let’s build a stronger future together! #EPC #OperationsAndMaintenance #Engineering #Reliability #USP&E
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An EPC (Engineering, Procurement, and Construction) Contract is a legally binding agreement between a project owner and a contractor for the delivery of a project. The contractor is responsible for engineering (designing the project), procurement (sourcing materials and equipment), and construction (building the facility). The contract typically includes a fixed price, fixed timeline, and performance guarantees, ensuring cost certainty and a clear schedule. The contractor bears most of the project risks, including cost overruns, delays, and meeting performance standards, making EPC contracts a popular choice for large, complex projects requiring a high degree of reliability and control. In essence, the EPC contractor acts as a single point of contact for the owner, and the contract streamlines project execution, transferring risks to the contractor while ensuring the client receives a completed, ready-to-use project. Let's Discuss in this Video Decoding the DNA of EPC Contracts: Key Characteristics View the Video @ below YouTube Link https://lnkd.in/gdnj9-Hm SN Panigrahi
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1_ #Procurement_Information_Series EPC contract EPC : stands for Engineering, Procurement and Construction. In EPC contract, the owner provides its requirements and the contractor prepares the detailed engineering design, procures all the materials and equipments and then construct to deliver a functioning facility or asset to the owner. Degree of Risk allocation increases for the contractor according the following :
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EPC contract is a good approach to reduce the hassle on the part of the client. It also reduces the coordination gap which usually occurs due to involvement of many stakeholders simultaneously. #EPC #engineering #procurement #construction #contracts
Senior Quantity Surveyor | Cost Estimator (Events) | Delivering Accurate Measurements, Cost Planning, and Cost Estimation for Events
EPC (Engineering, Procurement and Construction) Contract #EPC #Engineering #Contract #learning #LinkedIn
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Here are some common Key Performance Indicators (KPIs) for an EPC (Engineering, Procurement, and Construction) Project Engineer. Hope this will inspire you to choose this challenging domain: 1._Project Schedule Performance Index (SPI)_: Measures project progress against the schedule baseline. 2._Cost Performance Index (CPI)_: Evaluates project expenses against the budget baseline. 3._Engineering Man-Hours (EMH) efficiency_: Tracks the ratio of actual to planned engineering hours. 4._Design and documentation quality: Assesses the accuracy, completeness, and timeliness of engineering deliverables. 5. Procurement lead time: Measures the time taken for procurement activities, such as purchasing and expediting. 6._Construction progress_: Monitors the physical progress of construction activities against the project schedule. 7._Safety performance_: Tracks safety metrics, such as incident rates, lost-time injuries, and near-miss reports. 8._Change Order management_: Evaluates the effectiveness of managing changes to the project scope, schedule, or budget. 9._Communication and stakeholder management_: Assesses the effectiveness of communication with project stakeholders. 10._Lessons learned and knowledge sharing_: Encourages capturing and sharing knowledge and best practices. 11._Budget and forecast accuracy_: Measures the accuracy of project financial forecasts and budgets. 12._Compliance with quality and regulatory requirements: Ensures adherence to relevant quality standards, regulations, and industry codes. 13._Team performance and development_: Evaluates the performance, training, and development of the project engineering team. 14._Innovation and continuous improvement_: Encourages innovative solutions and continuous process improvements. 15._Client satisfaction_: Measures the satisfaction of the project client or end-user. Note that KPIs may vary depending on the project's specific requirements, industry, and company standards. #EPC #Engineering #Procurement #Construction
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EPC (Engineering, Procurement, and Construction) is a project delivery method where the contractor is responsible for the design, procurement, construction, and commissioning of a project, delivering a turnkey facility ready for operation. Engineering: Feasibility Studies: Assess project viability. Design Phases: Includes basic and detailed design, ensuring compliance with standards. Review and Approval: Ensuring all designs meet client and regulatory requirements. Procurement: Vendor Selection: Qualify suppliers. Planning: Develop procurement strategies and schedules. Contract Management: Negotiate terms and manage purchase orders. Logistics: Coordinate material transportation and handling. Construction: Site Preparation: Clear and prepare the site. Civil Works: Build foundational structures. Mechanical/Electrical Installation: Install critical systems. Quality Control: Ensure construction meets standards. Safety Management: Adhere to HSE protocols. Commissioning and Testing: Verify system functionality. Project Management: Planning: Develop comprehensive project plans. Risk Management: Identify and mitigate risks. Scheduling and Cost Control: Ensure timely and budget-compliant project completion. Communication: Maintain stakeholder engagement. Change Management: Handle scope changes efficiently. #Engineering #Procurement #Construction #EPC #EPCC #ProjectManagement #Infrastructure #EngineeringSolutions #IndustrialProjects #ConstructionIndustry #EPCProjects #EngineeringDesign #ProcurementServices #ConstructionManagement #TurnkeyProjects #ProjectExecution #ConstructionEngineering #IndustrialConstruction #EngineeringProcurementConstruction #EPCContracting
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🌟 Opportunity Awaits! 🌟 🔍 Attention industry experts in Asset Integrity, Reliability, and Maintenance Planning! A strategic opportunity is opening up for specialized services in the maintenance of critical equipment. Key players in the engineering, industrial planning, and maintenance sectors are invited to explore this restricted national and international invitation. 🌐 This initiative offers a platform for firms with expertise in engineering and maintenance to engage in a competitive process, enhancing the lifecycle and reliability of critical infrastructure. The focus centers on high-value assets in a prominent operational field. 🛑 Please note: Detailed procurement documents and specifications are available exclusively through the designated procurement platform. Interested parties are required to adhere strictly to the guidelines for submission, ensuring all technical and commercial offers are presented in separate sealed bids. ⏰ All submissions must comply with the designated timeline, with a stringent cut-off thirty days from announcement publication. For more information and to access the official tender documents, please visit: 🔗 [algeriaprojects.com](http://algeriaprojects.com) 👉 Tap into this unique opportunity and be part of a project that values expertise and high standards in asset maintenance and reliability! #AssetIntegrity #MaintenancePlanning #EngineeringExcellence #StrategicMaintenance #IndustrialInnovation #TenderOpportunity #ProfessionalGrowth
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Executing an EPC (Engineering, Procurement, and Construction) project involves several phases that ensure successful project delivery. Here’s a brief summary of the process: 1. Initiation/Planning: Define project scope, budget, and timelines. Conduct feasibility studies and risk assessments. Establish teams and responsibilities, including HSE plans. 2. Engineering/Design: Develop detailed designs and technical specifications. Ensure compliance with relevant standards (e.g., ISO, HSE). Create construction plans and blueprints. 3. Procurement: Identify, evaluate, and select vendors and suppliers. Purchase equipment, materials, and services. Oversee supply chain management and logistics. 4. Construction: Mobilize resources and begin on-site activities. Monitor safety, quality, and environmental compliance. Execute construction as per engineering designs, while managing labor and timelines. 5. Commissioning/Testing: Test systems and equipment to ensure operational efficiency. Conduct quality checks and address defects or issues. 6. Handover and Closeout: Finalize documentation and provide training to the client. Handover the project for operation and maintenance. Complete post-project reviews and lessons learned. Throughout these stages, coordination between engineering, procurement, and construction is critical for maintaining schedule, quality, and safety.
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