Question

By implication, this assessment opportunity is oriented towards solving real-world problems. Critically evaluate the engineering, procurement and construction (EPC) contract and the engineering, procurement and construction management (EPCM) contract as used in the civil engineering industry. Make use of ONLY three (3) contracting and pricing strategies. It is mandatory that you make use of real-world examples in your discussion.

Answer 1

DATE: - Contractors to construct their project for one or more of the following |D objectives. - To utilize the skills and expectise - manager, engineer, craktmer, buyers etc. for the limited ducakon ok a project. To get contractors to take some of the risks of a project, usually the risk of planning of to use people, plant material and silb-contractors economically. - To get contractors to obtain the financial resources for a project and bechaps also for operating it. I -To be free as promoters to concentrate on ok the objectives of projects, their subsequent use and other interests. -To have the benefit of contractors special resoueces unique blank, material in stock etc. - To get work stocked quicker than would be possible by recruiting and training direct employees. Contract strategy. - Contract term should be designed to motivate all parties to try to achieve the objective of the project and to provide a basis foc progject management U cost is "the cost directly attributable completion of an elements De

DATE: - of work, including direct overheads Design and Build 1 Here the contractor provides a (complete building to an agreed cost and broaramme. There are there types lok design and build arrangement as - - The Employer-led design - Contractor led design and I other design and build ophons. Management contracts - The description management' is used in the UK to mean a contractor employed to plan, dekine and bechaps direct the work of other contractor on behalf of a prowhotor. 11) Direct labour or direct works - Instead of employing a I contractor may have Dobjects constructed by his own construction department, exoumble in municible authorities lin Britain the two department are managed Isebarately. They are linked for the construction Lok a broject by an internal order which is lin ektect the equivalent of a contract that shecities the scope, standards and price of the works as if the department were separate combanies. U.