Why should you choose a Malaysian EPC supplier?
As a one-stop engineering hub, we provide proven design and construction quality, cost and schedule from a single point of responsibility. It might be difficult to find a dependable Malaysian EPC supplier. MEI is one of the region’s leading EPC businesses, providing complete solutions that match the highest requirements.
What is Energy Performance Contract (EPC)?
Energy Performance Contract (EPC) is a mechanism that uses market-based capital and technology to improve energy efficiency in buildings, industry, and other areas. There is a large room for development in the Energy Performance Contract market in Malaysia.
Should you choose an EPC contract for a solar project?
Given the significant monetary value of EPC Contracts, and the potential adverse consequences if problems occur during construction, the lowest price should not be the only factor used when selecting a Contractor. As noted earlier, an EPC Contract is one of a suite of agreements necessary to develop a solar project.
What is a performance specification in an EPC contract?
Performance specification: Unlike a traditional construction contract, an EPC Contract usually contains a performance specification. The performance specification details the performance criteria that the Contractor must meet. However, it does not dictate how they must be met. This is left to the Contractor to determine.
What happens if the EPC contract is uncertain?
Any uncertainty in the EPC Contract may unfortunately see the Contractor liaising directly with these third parties and possibly risking the relationship of the Project Company with key influencers, customers and long-term neighbours.
What are the disadvantages of an EPC contract?
Another major disadvantage of an EPC Contract becomes evident when problems occur during construction. In return for a guaranteed price and a guaranteed completion date, the Project Company cedes most of the day-to-day control over the construction.
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