Compared with the traditional contract management mode in the construction industry, the EPC project management mode has many advantages, such as simplifying the owner management, single contractor, clear responsibili...Compared with the traditional contract management mode in the construction industry, the EPC project management mode has many advantages, such as simplifying the owner management, single contractor, clear responsibilities, resource integration, improving quality and efficiency, etc. This paper uses SWOT analysis method to analyze the advantages, disadvantages, opportunities and threats of the EPC management model in the construction industry, to plan how to better promote the EPC management model, and to introduce the value and benefits of the EPC management model in terms of quality improvement, cost control, smart construction and green construction in combination with all the EPC projects completed in the past, so as to provide certain reference for the future development of EPC projects.展开更多
With the rapid development of social economy, the application field of value engineering is gradually extensive. At present, the value engineering of advanced countries such as the United States, Britain, Germany, Jap...With the rapid development of social economy, the application field of value engineering is gradually extensive. At present, the value engineering of advanced countries such as the United States, Britain, Germany, Japan and South Korea has been very mature in its application in the design stage of EPC projects, and has also obtained many successful experiences in the cost control of the construction industry. However, China is still lagging behind in this aspect. Based on this, this paper will comprehensively analyze the meaning of value engineering in EPC projects, the direction of cost control and management in the design stage of EPC projects based on value engineering, the cost control and management system in the design stage of EPC projects based on value engineering, and the cost control methods in the design stage of value engineering in EPC projects, so as to promote the good practice and sustainable development of value engineering in China's EPC projects.展开更多
With the rapid development of society, China's contractors are increasingly competitive in the international market. EPC general contracting mode has become the mainstream of social development. General contractor...With the rapid development of society, China's contractors are increasingly competitive in the international market. EPC general contracting mode has become the mainstream of social development. General contractors need to improve their procurement management level, integrate and allocate the existing procurement resources, effectively shorten the construction period and reduce the cost, which also puts forward more strict requirements for the procurement management of the general contractor.展开更多
Compared with traditional construction projects, EPC projects mostly adopt fixed total price pricing mode. Because it covers several stages of contracting in the process of project construction, there are many factors...Compared with traditional construction projects, EPC projects mostly adopt fixed total price pricing mode. Because it covers several stages of contracting in the process of project construction, there are many factors affecting the increase of cost, and the probability that the actual cost exceeds the contract price also increases greatly. Therefore, it is necessary to control the risks affecting the cost management of EPC project, so as to ensure the smooth realization of project progress, quality, safety and other objectives, as well as the realization of reasonable profit objectives of the project. Combined with the experience of cost control of several EPC projects, this paper studies the EPC project management, which has a certain reference significance.展开更多
In recent years, in Vietnam, economy has been developing rapidly. To ensure rapid and sustainable economic growth, strong support from the energy sector is required. Governments in Vietnam have invested in numerous hy...In recent years, in Vietnam, economy has been developing rapidly. To ensure rapid and sustainable economic growth, strong support from the energy sector is required. Governments in Vietnam have invested in numerous hydropower projects, many of which employ the EPC (Engineering, Procurement and Construction) contract. However, the EPC general contractors are facing many difficulties, resulting in schedule delays and considerable losses. This research is conducted to highlight the main risk factors in the delays of hydropower construction projects in Vietnam. The research employs the method of statistical calculations and risk analysis to obtain feedback from experts participating in similar projects. The research outcomes are as follows: identifying the risks that can cause delays in EPC hydroelectric construction projects in Vietnam;calculating and classifying the degree of impact of each risk to the progress of the construction. The practical significance of this study is to ensure the timely completion of projects, benefits for the investors, and the EPC general contractors.展开更多
Engineering, procurement and construction (EPC) contracts are on the way to become the most usual form of contracting applied by the private sector to undertake construction works on large scale Hydropower projects. I...Engineering, procurement and construction (EPC) contracts are on the way to become the most usual form of contracting applied by the private sector to undertake construction works on large scale Hydropower projects. If EPC contract management is not implemented and controlled properly. Quality is the first important factor for any contractors who involve in the hydropower project execution. The purpose of this study is to investigate and evaluate risks causing not good quality of EPC hydropower projects in Vietnam. In addition, the study also provided the recommendations for project practitioners to mitigate the impacts of those identified risks. The findings of this study can be a good managerial reference for project management teams who are working in other countries that have similar economic and investment environments to Vietnam to get their EPC construction project completed on quality, thus will ensuring the benefits to the government, the investors, the contractors, and the parties involved.展开更多
Engineering, procurement and construction (EPC) contracts are becoming the most popular form to undertake construction works on large-scale hydropower projects.?The EPC general contractors in Vietnam have been coped w...Engineering, procurement and construction (EPC) contracts are becoming the most popular form to undertake construction works on large-scale hydropower projects.?The EPC general contractors in Vietnam have been coped with lots of difficulties during the construction phase of hydropower projects, resulting in significant schedule delays and cost overrun. One of the reasons is poor Subcontractors capacity.?In order to overcome above, the current study attempts?to research on identification and control Subcontractors risks of delay process of EPC hydropower project in Vietnam.?Through summarizing international research achievements of previous researches relating on EPC hydropower projects combining with analysis characteristics of developing construction of EPC hydropower projects in Vietnam, the current study pointed out all kinds of subcontractor risk of delay process of EPC hydropower project in Vietnam;?a questionnaire with 18 risk elements was designed and then delivered to experts in EPC hydropower project management area. Based on the risk model, 11 main risk elements were identified which can be categorized into 3 groups.?Lastly, the current study proposed suggestions to reduce or avoid risks as well as approach to control risks.?Furthermore, the findings of this study can be a good managerial reference for project management teams who are working in other countries that have similar economic and investment environment to Vietnam to get their EPC construction project completed on schedule, thus ensuring the benefits to the government, the investor, the contractor, and the parties involved.展开更多
文摘Compared with the traditional contract management mode in the construction industry, the EPC project management mode has many advantages, such as simplifying the owner management, single contractor, clear responsibilities, resource integration, improving quality and efficiency, etc. This paper uses SWOT analysis method to analyze the advantages, disadvantages, opportunities and threats of the EPC management model in the construction industry, to plan how to better promote the EPC management model, and to introduce the value and benefits of the EPC management model in terms of quality improvement, cost control, smart construction and green construction in combination with all the EPC projects completed in the past, so as to provide certain reference for the future development of EPC projects.
文摘With the rapid development of social economy, the application field of value engineering is gradually extensive. At present, the value engineering of advanced countries such as the United States, Britain, Germany, Japan and South Korea has been very mature in its application in the design stage of EPC projects, and has also obtained many successful experiences in the cost control of the construction industry. However, China is still lagging behind in this aspect. Based on this, this paper will comprehensively analyze the meaning of value engineering in EPC projects, the direction of cost control and management in the design stage of EPC projects based on value engineering, the cost control and management system in the design stage of EPC projects based on value engineering, and the cost control methods in the design stage of value engineering in EPC projects, so as to promote the good practice and sustainable development of value engineering in China's EPC projects.
文摘With the rapid development of society, China's contractors are increasingly competitive in the international market. EPC general contracting mode has become the mainstream of social development. General contractors need to improve their procurement management level, integrate and allocate the existing procurement resources, effectively shorten the construction period and reduce the cost, which also puts forward more strict requirements for the procurement management of the general contractor.
文摘Compared with traditional construction projects, EPC projects mostly adopt fixed total price pricing mode. Because it covers several stages of contracting in the process of project construction, there are many factors affecting the increase of cost, and the probability that the actual cost exceeds the contract price also increases greatly. Therefore, it is necessary to control the risks affecting the cost management of EPC project, so as to ensure the smooth realization of project progress, quality, safety and other objectives, as well as the realization of reasonable profit objectives of the project. Combined with the experience of cost control of several EPC projects, this paper studies the EPC project management, which has a certain reference significance.
文摘In recent years, in Vietnam, economy has been developing rapidly. To ensure rapid and sustainable economic growth, strong support from the energy sector is required. Governments in Vietnam have invested in numerous hydropower projects, many of which employ the EPC (Engineering, Procurement and Construction) contract. However, the EPC general contractors are facing many difficulties, resulting in schedule delays and considerable losses. This research is conducted to highlight the main risk factors in the delays of hydropower construction projects in Vietnam. The research employs the method of statistical calculations and risk analysis to obtain feedback from experts participating in similar projects. The research outcomes are as follows: identifying the risks that can cause delays in EPC hydroelectric construction projects in Vietnam;calculating and classifying the degree of impact of each risk to the progress of the construction. The practical significance of this study is to ensure the timely completion of projects, benefits for the investors, and the EPC general contractors.
文摘Engineering, procurement and construction (EPC) contracts are on the way to become the most usual form of contracting applied by the private sector to undertake construction works on large scale Hydropower projects. If EPC contract management is not implemented and controlled properly. Quality is the first important factor for any contractors who involve in the hydropower project execution. The purpose of this study is to investigate and evaluate risks causing not good quality of EPC hydropower projects in Vietnam. In addition, the study also provided the recommendations for project practitioners to mitigate the impacts of those identified risks. The findings of this study can be a good managerial reference for project management teams who are working in other countries that have similar economic and investment environments to Vietnam to get their EPC construction project completed on quality, thus will ensuring the benefits to the government, the investors, the contractors, and the parties involved.
文摘Engineering, procurement and construction (EPC) contracts are becoming the most popular form to undertake construction works on large-scale hydropower projects.?The EPC general contractors in Vietnam have been coped with lots of difficulties during the construction phase of hydropower projects, resulting in significant schedule delays and cost overrun. One of the reasons is poor Subcontractors capacity.?In order to overcome above, the current study attempts?to research on identification and control Subcontractors risks of delay process of EPC hydropower project in Vietnam.?Through summarizing international research achievements of previous researches relating on EPC hydropower projects combining with analysis characteristics of developing construction of EPC hydropower projects in Vietnam, the current study pointed out all kinds of subcontractor risk of delay process of EPC hydropower project in Vietnam;?a questionnaire with 18 risk elements was designed and then delivered to experts in EPC hydropower project management area. Based on the risk model, 11 main risk elements were identified which can be categorized into 3 groups.?Lastly, the current study proposed suggestions to reduce or avoid risks as well as approach to control risks.?Furthermore, the findings of this study can be a good managerial reference for project management teams who are working in other countries that have similar economic and investment environment to Vietnam to get their EPC construction project completed on schedule, thus ensuring the benefits to the government, the investor, the contractor, and the parties involved.
