EPC:

 

epc

Under an EPC Contract, TVL designs the installation, procures the necessary materials and builds the project, either directly or by the work. An owner decides for an EPC contract for reasons that include:
Reduced stress for owner
Easy work and growth of the company
Single point of contact for owner simplifies communications.
Ready Availability of post-commissioning services
Ensures quality and reduces practical issues faced in other ways
Owner protected against changing prices for materials, labor, etc. (If there is provision in the contract)
Cost is known at the start of the project
Besides the plant siting, in an EPC contract the owner defines:
Scope and specifications of the plant
Quality
Project duration
Cost
The Cost (the price to be paid to the EPCC) is negotiated and finalized and paid in manually agreed installments.
Functions
TVL Engineering Functions
Initiation
Implementation
Planning and Programming
Estimating → Request for Quote
Valuation
Design

TVL Procurement Functions
Purchasing
Expediting
Receiving