Key characteristics and differentiators that utilities should look for during the selection process of an EPC contractor - No.3: Pursue an EPC contractor company that strongly encourages ownership engagement
How involved should an owner be in a project togrther with an EPC contractor? The answer is “as much as possible.” No utility management team should ever feel as if it hasn’t been included in key decisions. An owner should be part of an integrated team and should seek an EPC contractor that encourages such involvement.
Owners may also find great satisfaction with “open-to-closed book” contracting with an EPC contractor, which allows them to see big-ticket purchases and help select equipment manufacturers.
On the other hand, some owners, such as independent power producers, need a single lump sum number that they can use for seeking financing. Utilities should find an EPC contractor that offers a full range of contract types and that actively encourages engagement, in order to get the facility that the owners are completely satisfied with.