Primary Author: Cynthia Hanson, PSP
Co-Author(s): Scott Bean, PSP
Audience Focus: Intermediate
Application Type: Practice
Venue: 2016 AACE International Annual Meeting, Toronto, ON, Canada
Abstract: In an economy where there continues to be a necessity to make tight deadlines and reduce the duration for capital financing, more and more clients are turning to a comprehensive Engineer, Procure, Construct (EPC) or Design Build contracting strategy. These strategies not only allow for fast tracking project completion, but also reduce the client’s risk exposure. However, few clients are updating their specification requirements to take advantage of the new contracting strategies resulting in inefficiencies, increased costs, and in some cases contentious relationships due to outdated, expensive, or redundant requirements. Contractors who see these outdated and time consuming specifications often mitigate their risk with additional overhead and thus additional cost for their clients. This paper will detail the Top 10 Missteps in EPC / Design Build Project Controls Specification which can substantially be eliminated without adversely affecting the quality of available data for Controls from a Contractor’s perspective.
Co-Author(s): Scott Bean, PSP
Audience Focus: Intermediate
Application Type: Practice
Venue: 2016 AACE International Annual Meeting, Toronto, ON, Canada
Abstract: In an economy where there continues to be a necessity to make tight deadlines and reduce the duration for capital financing, more and more clients are turning to a comprehensive Engineer, Procure, Construct (EPC) or Design Build contracting strategy. These strategies not only allow for fast tracking project completion, but also reduce the client’s risk exposure. However, few clients are updating their specification requirements to take advantage of the new contracting strategies resulting in inefficiencies, increased costs, and in some cases contentious relationships due to outdated, expensive, or redundant requirements. Contractors who see these outdated and time consuming specifications often mitigate their risk with additional overhead and thus additional cost for their clients. This paper will detail the Top 10 Missteps in EPC / Design Build Project Controls Specification which can substantially be eliminated without adversely affecting the quality of available data for Controls from a Contractor’s perspective.