In many jurisdictions clients are dealing with the challenge of how to attract the right bidders and suppliers to deliver their construction projects. Many suppliers and contractors operate cross-sector – covering projects in one or more of the energy, infrastructure, pharmaceutical, process plant, built-environment and diversified industrial areas, and this can lead to challenges with resource availability in some areas of the market.
Where there is more demand than supply, you need to factor into your procurement strategy how you can make your project attract the right suppliers. There are various ways that this can be achieved (and the approach will depend on the particular project) but this is one of the underlying reasons influencing many to consider an EPCM approach to their projects.
For some, EPCM is on their agenda because they want to explore the potential benefits that can come with a successful EPCM strategy - such as early project start/completion and cost savings. For others it is fundamental to managing the risks on high risk projects. The combination of these factors mean that EPCM’s popularity is on the increase across all sectors.
On these pages, we will guide you through the common issues associated with EPCM. For more detailed legal advice, please contact us.
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