All posts by author_ak

Cross Cultural Communication & Negotiation

Owner / Clients are always looking for cost optimization to build Capital Plants (It may be a Power Plant or Refinery or Petrochemical Complex etc.) within the available Budget and schedule. So, Owners allow Engineering, Procurement & Construction (EPC) Contractor’s to source project material from the Global market (it includes local as well as Suppliers situated in different counties across…

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Concept of Novation in EPC (Engineering, Procurement & Construction) Industry’s Contracts

INTRODUCTION:  Doing Business is very challenging, Clients / Owners are finding all best ways to minimize their Cost and Schedule of building Energy Sector Plants. Novation of Contracts / Purchase Order to EPC Contractor is one of the best techniques in Energy Sector to reduce cost and minimize schedule risk. Building a large Plant required Budget in Billions of Dollars,…

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