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Workshop 1: EPC
Contractor Selection and Management in a Full-Capacity
Construction Environment
Selecting EPC contractors and managing the
relationship from pre-FEED through post-commissioning,
especially when construction capacity and talent is
tight, is critical to project execution. Some owners
prefer to negotiate their project with a preferred EPC
contractor. Others competitively bid each phase or conduct
Front End Engineering Design (FEED) competitions followed
by lump-sum EPC bidding. Yet, others prefer to execute
their construction based on an owner-contractor alliance.
Further adding to the options, owners must decide whether
to employ third-party project-management consultants,
owner's engineers, bid consultants and outside legal
counsel.
In the final analysis, the owner wants the lowest life-cycle
cost and highest return on investment, which means time
to completion can override the cost of construction.
What approaches are owners finding most effective in
this high-demand environment? What are the advantages
of various options for EPC management? Are lump-sum
turn-key contracts still viable? What are the pros and
cons of hiring third-party engineers and consultants?
These are some of the questions to be addressed during
this workshop. Click here for agenda.
Workshop
2: LNG Construction Costs: Trends and Issues
LNG constructions costs hit their low ebb
in 2003 and have since been rising due to increases
in raw material costs, shortages of engineering talent,
and constraints in construction capacity. In 2004, we
reviewed these cost escalations by considering the escalations
and markets. How have these prices continued to behave?
Has Chinese and Indian consumption flattened out? How
much will these two economies need in future years?
Is steel production capacity increasing to meet demand?
These are some of the questions to be addressed in this
workshop. Click
here for agenda
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