Who approves a turnkey EPC contract?
In projects where a turnkey EPC contract is signed, the design is only approved by the Asset Owner or the developer, and the EPC service provider is responsible for providing all the contracts and suppliers.
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.
Why should you choose qcells EPC?
Why Qcells EPC? We have the budget and backing to get your projects built on time and on budget utilizing the financial bankability of the Hanwha Groups assets of $197 billion. Bringing cutting edge technology, engineered in Germany, by a staff of 485 who research, develop, and test our solar modules resulting in world record efficiency.
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 is a technical issue in an EPC contract?
EPC contracts are usually drafted including a fixed price clause which binds the parties to the total price agreed under the contracts. However, occasionally technical issue is the basis for a payment dispute, a technical third-party –agreed before in the contract negotiations – should make a judgement regarding the technical issue.
What KPIs should EPC service providers look for?
For EPC service providers these KPIs may also be helpful when presenting their references to potential new clients. The number of criteria to be looked at depends on the value of the project: big projects need to be examined in more detail. Detailed EPS specs (SOW, BL, requirements, specs,)
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