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Ricardo Fierro
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RE: EPC Contracts: advantages and difficulties
Posted By
Ricardo Fierro
02-02-2021 07:45 PM
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Hi Michael, Very interesting contribution, thanks. It seems to me that the EPC contract model is also applicable in some civil works contracts and large facilities, but the difficulties and risks associated with the decision of when to start the work implies, in all cases, a risk for the EPC contractor, ...
RE: EPC Contracts: advantages and difficulties
Posted By
Ricardo Fierro
01-27-2021 10:57 AM
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Hi Alfred Thans for your answer. I was thinking of the typical case where the contract is already awarded to an EPC contractor and that company is developing the engineering as part of their contract. That same company is responsible for the "E", the "P" and the "C". In this situation, the right ...
RE: Evidence of "Out-of-Control" Project Management (?)
Posted By
Ricardo Fierro
01-24-2021 09:42 PM
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Dear bill Thank you for sharing your interesting paper, referring to Human Systems Engineering. It is precisely the failure or lack of several of those 45 points (and also others that are not mentioned there) what cause disputes and claims in construction contracts, which sometimes end up in court trials. ...
EPC Contracts: advantages and difficulties
Posted By
Ricardo Fierro
01-22-2021 05:29 PM
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One of the most interesting advantages of EPC contracts is that you can start the works before the engineering design is fully completed, unlike a lump sum construction contract where the engineering is supposed to be completed and coordinated to start the works. But, thinking about not falling into ...
RE: Evidence of "Out-of-Control" Project Management (?)
Posted By
Ricardo Fierro
10-19-2020 09:02 AM
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Hi Bill, In my opinion, the problem lies in an inadequate study of the risks of the contract, which is not an easy task. The risks are related to various factors, but it is worth noting: - The type of project and its characteristics. Is it our specialty? - The client and her management team. Do ...
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