Roughly 50 percent of a typical construction project s costs are associated with purchased equipment and materials. Yanjing gu and pinwu dai wrote the section in findings for contract risk analysis. Steinberg presents a practical and comprehensive guide to understanding virtually every aspect of engineering, procurement and construction epc contracts for infrastructure projects the 25 chapters in volume 1 are supplemented with reallife examples and court decisions, and offer tactical. Being part of the project management community, most of us have a chance to manage engineering, procurement and construction epc projects either as contractors, clients or as part of a consultants team. Epc plans all the production processes in a clean room layout with the aid of a list of mechanical equipment, so it can then design a. By analysing how both bespoke epc contracts and the fidic silver book allocate and manage the treatment of such risks, it is possible to acquire a better understanding of the issues involved and for contracting parties to develop appropriate strategies in. Think of this book as the ultimate survival guide for building construction.
Engineering, procurement, and construction epc is a particular form of contracting arrangement used in some industries where the epc contractor is made responsible for all the activities from design, procurement, construction, to commissioning and handover of the project to the enduser or owner. To understand the approach of an open book contract, it is important to understand the fundamental definitions of both cost and price. While project success metrics are less than optimistic, effective project management can deliver tremendous business value by improving project execution and strategic resource alignment. The binder, text book, and cd are all electronic and will be available for download. The must have for all professionals engaged in epc business. The text, however, has been prepared in such a way that it can be used by other organisations, particularly those in the nonprofit sector, that use project based working methods. The epc project manager pm must be cognizant of two agreements that are equally important.
Covers epc project preimplementation problems and overseas epc project preparatory work. Procurement online planning project management institute. The epc pm leads a project team y to execute the project to the satisfaction of both the customer and contractor. With an emphasis on building business preparedness plans, it covers the fundamental principles of project.
The first section chapters 1 through 4 provides an overview of project management. Throughout, the book offers practical tips and guidance for navigating a route to a successful project, and placing the contractor in the best possible position when problems arise. Once an engineeringprocurementconstruction epc contract has been signed, it is now time to manage the project to successful completion. Epc it solutions provides it project management and professional it services for large and small companies throughout the san francisco bay area. Very well written book and gives lots of guidance and input to an aspiring project control manager, as well as provides a comprehensive check list for a pcm currently working on epc projects. It is essentially the same as what is known especially in the u. The project is an epc engineering procurement construction project the sinopecsaudi polyolefin project has a variety of risks, and they have been divided into project tender risk and implementation risk. The risk allocation contained in them means that the contractor is required to assume a greater degree of risk, although the rewards for the contractor can also be greater, especially if. The engineering and construction contractor will carry out the detailed engineering design of the proj. Project management the most vital element in efficient execution of an order to supply equipment or services to an epc project is effective management of all stages of the process. The second edition of this comprehensive book, discusses the fundamental aspects of project management in a studentfriendly manner. These activities are a part of various stages of piping fabrication, erection, material procurement, warehouse, precommissioning of systems and. Epcprojects, a class of its own ipma international. Parties are excused from performance in the case of certain force majeure events war, strike, riots, earthquakea silver book art.
Presents a uniquely personal overview of epc project risk management. Epc workshop certificate in epc project management. Later chapters go into more depth regarding a model that is particularly appropriate for itrelated projects. The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and then construct to deliver a functioning facility or. Application of epc contracts in international power projects. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. Essentially an epc project is the same as a turnkey project and combinedly called an epc turnkey project. Most books discuss project management during construction, after the scope of work is fully defined. Jose is a subject matter expert and member of the writing team for projectmanagement. Better understanding of epc project management will lead to improved scope definition, project performance, cost management. Paper presented at pmi global congress 2007north america, atlanta, ga. Very often, there is also an indemnity for breach silver book art.
Apply to project manager, head of project management, quality manager and more. Steinberg presents a practical and comprehensive guide to understanding virtually every aspect of engineering, procurement and construction epc contracts for infrastructure projects. One agreement is with the owner and is codified in a formal legal contract. The other agreement is with the leadership and stockholders of the epc firm. Epc and epcm contracts have a range of pros and cons for resource owners and project teams.
Since 1999, the first edition of these model forms have been frequently used worldwide. In essence, an open book contract structures the process of sharing the management of all costs, operations, and performance data that will occur with the project. Everything you need to know about an open book contract. Epc proceduralized coordination materials management is the key parse project in 3d space as well as by material commodity types. The successful implementation of an epc project is a multifaceted procedure involving a number of different engineering disciplines and skillsets closely. The engineering and construction contractor will carry. Ausencos executive vice president, ron douglas, outlines key considerations for epc and epcm contracts in his white paper epc or epcm contracts which one can driver stronger outcomes for project owners. Engineering procurement construction epc definition epc. This book contains a variety of information, methods and procedures for new pcm to understand the significance and importance of his role on a project and how heshe should interface with the project. Mechanical industry press this book is based on the practice of epc general contracting project of 233wm photovoltaic power station in algeria of china power construction and municipal construction group co. Epc contract project management templates and operating.
The latest, most effective engineering and construction project management strategies. Project management jumpstart is an easytoread project management book written in a friendly, conversational tone. Engineering, procurement, and construction wikipedia. Epc contracts are, by their nature, different to traditional or design and build forms of contract and are intended for entirely different types of project. It thoroughly covers project management basics and the project management lifecycle that those new to project management will need to get acquainted with the planning, executing, managing and closing of projects. Nov 21, 2019 the subtitle of this book by gang chen gives you a taste of just how comprehensive it is. In december 2017, fidic launched the second editions of its red book ownerdesigned, yellow book contractor designbuild and silver book turnkey project model conditions for epc contracts.
A template for epc project management and execution. Epc project management software epcproman epc software. With inflationary pressures such as increases in materials costs on epc projects, the need to develop processes and. A project management approach explains how to deploy project management, risk management, business continuity, and business preparedness methods in a manner that will ensure organizational resiliency. Construction management, or cm, is a complicated and constantly evolving field. Engineering, procurement and construction epc is a particular form of contracting arrangement used in some industries where the epc contractor is made responsible for all the activities from design, procurement, construction, commissioning and handover of the project to the enduser or owner. The project company has suspension rights silver book arts. Download for offline reading, highlight, bookmark or take notes while you read understanding and negotiating epc contracts, volume 1. Tfcepccmd03 epc construction work package planning. General manager project services, matrix service inc. Epc project management procept associates ltd training. The impact of engineering, procurement and construction epc. First edition august 2014 can be ordered now at a price of 79.
No more problems with the post office or the couriers. An epc contract encompasses the e engineeringdesign, p procurement and the c construction which is the entire project from concept to commissioning turnkey. It is all about building your selfconfidence in the project management of epc contracts. What is the difference between an epc and a turnkey projects.
May 25, 2001 ous tables and graphs are presented and discussed throughout this book to provide guidelines for management of the three basic components of a project. Project management structure y critical for project success. In an epc contract, the epc contractor develops the project from commencement to final completion. The six phases of project management this chapter provides a sketch of the traditional method of project management. Construction project management handbook to provide guidelines to public transit agencies undertaking substantial construction projects either for the first time or with little experience in construction management. Todays suppliers are quickly going online, and many independents have sprung up, creating a challenge for procurement managers who need to get the right materials to the right place at the right time.
In an open book contract, the buyer and seller of workservices agree on 1 which costs are remunerable and 2 the margin that the supplier can add to these costs. An engineering, procurement and construction or short epcproject is a particular form of contracting arrangement used in some industries where the epccontractor is made responsible for all activities from design, procurement, construction, to commissioning and handover of the deliverables to the owner or operator oo. Epcprojects, a class of its own ipma international project. Operations and project management for constructor on plan spec and epc projects mostly in oil and gas project controls specialist for an engineering company owners capital program manager began working on epc templating in 2014 5.
The model that is discussed here forms the basis for all methods of project management. Anker s years of experience in executing various contract types will delight you. The project sponsors perspective ebook written by howard m. This form of contract is covered by the fidic silver book containing the title words epc turnkey. This workshop is all about building your selfconfidence in the project management of epc contracts. The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and then construct to deliver a functioning facility or asset to their clients. The initialism epcm is also encountered frequently on international projects, but this is very different from epc.
The epc project manager pm must be cognizant of two agreements that are. Sure, you can read books, take online courses, and build up your knowledge, but most people need to be with real people. Successful project management means delivering your projects on time and within budget. Throughout this book, achieving project quality to meet the owners satisfaction is emphasized as an integral part of project management. Project management can become the makeitorbreakitfactor for engineering ventures, experts agree. The project is then invoiced to the customer based on the actual costs incurred plus the agreed margin. Free project management ebooks, templates and checklists. Engineering procurement construction epc definition. Stanford epc s team of talented of project managers employ conventional methodologies within the capital value process cvp by developing project execution plans pep that are consistent with the project management institutes pmp certification. Epc stands for engineering procurement construction and is a prominent form of contracting agreement in the construction industry. How to apply project management techniques in epc projects. It allows processes and sequences of works to be coordinated in such a way that all objectives can be achieved. The owner or principal of the epc project provides the epc contractor with a detailed design including technical and functional specifications, in order for the epc contractor to build and deliver the project to the turn of the key, within a specified time.
Download these free ebooks, checklists and templates for your pc, mac, laptop, tablet, kindle, ebook reader or smartphone. Epc stands for engineering, procurement, construction and is a prominent form of contracting agreement in the construction industry. Understanding and negotiating epc contracts, volume 1. Visit clients that have carried out epc projects and get information about their organization 2. Our ebooks, templates and checklists will help you to make your project a success. Pm should have full responsibility, authority, and control not a coordinator y roles, responsibilities, and authority should be clearly defined within the organization and with the customer y pm leads the project to its completion 4 engineering procurement construction project controls. Derive a matrix of spacial subdivisions crossed with commodity types to define a series of tags. Yu shili compiled the epc epc project management templates and working examples. Kyle costa and pinwu dai wrote the findings section for the international epc project process. Engineering, procurement and construction epc projects.
Realizing engineering, procurement and construction projects. Project management for engineering and construction, third edition. Huadong gan and cristian pimentel wrote the findings section for contract management. Regardless of your role, you may have noticed that most epc projects experience delays with respect to the contractual project completion. Various methods such as hiller model, sensitivity analysis and. Engineering, procurement and construction management epcm. Project management forms the foundation of every construction project.
To help you out, weve changed the epc workshop format. It deals with topics such as project life cycle, project selection, feasibility study and techniques like pert and cpm for project control. Using the example of a large engineering, procurement, and construction epc. The owner or principal of the epc project provides the epc contractor with a detailed design including technical and functional specifications, in order for the epc contractor to build and deliver the project to the turn of the key, within a specified time period. Prima eventi epc project management event 2020 will provide extensive knowledge on epc project lifecycle from proposals to feed to execution to delivery with practical case studiesand strategic pm and leadership training exploring the major challenges facing the pmo office from strategic level to project manager. Project management is the core of professional construction management in the building industry. Jul 18, 2018 in december 2017, fidic launched the second editions of its red book ownerdesigned, yellow book contractor designbuild and silver book turnkey project model conditions for epc contracts. Jose is a subject matter expert and member of the writing team for project management. Some clients do not from the beginning understand the extent of work it takes to carry out an epc project. The 8th annual global epc project management summit in london, uk september 2020 one of the largest industries summit in epc project management. Sure, you can read books, take online courses, and build up your. The book emphasizes project the latest, most effective. Pmac certificate in epc project management the project. In understanding and negotiating epc contracts, volume 1, howard m.
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