Power plant projects require strategic planning and management to ensure that the project is completed on budget and on time. Engineering, procurement and construction contracts streamline industrial projects in the aim to achieve this. The risks involved in setting up and installing a power plant are all on the project owner, however, there is a way to decrease this risk with an EPC contractor.
Challenges Faced with no EPC on Your Project
As a power plant project director or owner, you face uncertainties when installing a power plant. These risks are costly and any unforeseen and unplanned costs can stop any industrial project immediately, causing delays. The challenges faced by project owners/directors include dispatching multiple contracts to cover engineering, procurement and construction. This is done when a project is run by multiple companies. The second challenge is that you could take all the risk upon yourself in finding your own team to manage project resources and complete the project on time and on budget.
A power plant project requires expert engineering, procurement and construction and each covers various aspects of the project. This ensures that the project is managed effectively. Without an EPC contract, the responsibility of engineering, detailed design, planning, civil engineering and construction falls on the project owner. Other challenges faced without a single EPC contract are multiple contract prices, hidden costs, undetermined project completion time, no performance guarantees, increased liability and increased factors to consider in the project.
Power Plant EPC Solutions
Take the responsibility of a large industrial power project off your shoulders and allow an expert EPC contractor to take care of your project. This will help assure that your power project will be done on time and on budget. EPC contractors take care of your supply chain, provide flexible financing options and allows for fixed pricing through accurate cost estimation and planning.
The benefits of EPC contracts for industrial projects are that they set a single point of responsibility, specifies costs and completion dates, performance guarantees, place a cap on high liabilities and provide adjustable ordering variations. As a project owner, you can supervise your project while the EPC team takes care of all the rest.
USP&E Global specializes in power plant EPC contracts of any cost, size and location. With over twenty years of engineering, procurement and construction experience, we have the expertise to get your power project completed within time and cost.
Get your Project on Time and on Budget
Experience our two-fold promise of SPEED WITH EXCELLENCE and EXTREME OWNERSHIP on your next power project by contacting us today.