How do EPC, EPCM and PMC projects differ from each other?
In the world of construction, there are several approaches that one can take to handle the project which include contracting 1 contractor to oversee the entire project, or dividing your project into sections and handing over the management to specialised teams.
In an engineering project of a large scale, it is crucial to identify the right management style to undertake the project and deliver results successfully.
Engineering, procurement, and construction (EPC) contracts are a type of turnkey contract wherein you hire a single company to manage the entire solar installation process.
That company assumes full responsibility for everything from the design and engineering of your solar system to procuring the materials needed, and ultimately constructing the solar system at your location. This type of project helps to streamline your project management as you have only one point of contact.
Alternatively, PMC provides project management services for your construction project. They are used for specialised construction projects. Here the project benefits from the specialised expertise of competent project managers.
EPC projects undertaken by in-house engineering teams help provide world-class engineering solutions as they are experts in providing finesse. These teams single-handedly manage construction management, erection and commissioning amongst other segments of the project with their expertise.
A notable example of quality EPC projects is the Shapoorji Pallonji Group which provides a specialised research-based team that ensures the delivery of the best quality materials thereby reducing project costs tremendously.
Thus, they can maintain their reputation as a world-class service provider in turnkey projects. Their organisational culture emphasizes building responsibility and commitment towards clients across the organisation.
Their projects range from providing turnkey solutions to industrial projects with expertise in Minerals & Metals, Power, Bulk Material Handling Facilities in Ports & Mines, Fertilizers, Petrochemicals, Chemical Plants, Cement, Green Energy and other Industrial Plants.
