Evaluating an EPC project
In this month’s Technical Forum, Dr Michael Clark looks at the essential factors that cement producers must take into account when choosing the right contractor for a potential EPC project.
Time to completion is an important factor to consider, as it will impact the net present value
At the beginning of each year, ICR provides an update on new cement capacity projects around the world. Capacity development projects are an infrequent and possibly unique event for a cement company, with a slowdown noted in the last few years. As a result, there are high levels of competition amongst potential contractors to supply and build such projects, leaving cement producers questioning how to choose between them. Therefore, this month’s Technical Forum will take a look at the evaluation and selection of EPC (engineering, procurement and construction) project contractors.
