@prahladbhugra

Handling scope change needs a dedicated person with few resources to reduce delays in the EPC project

Apr 23, 2024 · 1 min read · Scope change keeps happening while the EPC contractor executes the project. The reasons could be requirements were not anticipated earlier by customers at the time of giving contracts or that customers themselves are finding a need for change in spec...

Contractual agreement drafting needs a lot of strategic thinking as a lot of risks can be mitigated for EPC firms by it

Apr 21, 2024 · 2 min read · The EPC firms sign contractual agreements with customers, vendors, sub-contractors as well as consultants. Usually, the owners have a few standard drafts of such contracts. They feel confident about going with them. The primary focus is on payment te...

Doing the right things is more important than doing things in the right way

Apr 20, 2024 · 3 min read · Once or twice a year the oil rigs are completely shut down for maintenance of associated equipment & accessories. The EPC contractors who are working on existing wells enhancement or new wells, consider the shutdown as a golden opportunity as the mai...

Do we forget the value of TRUTH from our business transactions when we are stuck?

Apr 18, 2024 · 3 min read · In many business transactions, some information is hidden from another party. Some examples are - In an EPC project, the customer had to provide some material to the contractor before the contractor could start the work. In every meeting, the custom...

Are you feeding your ecosystem or eating it up?

Apr 16, 2024 · 3 min read · I was sitting at the reception of one of my EPC clients. One man was sitting at the reception, very upset and tensed. I asked one of the senior employees of the firm, about the person. I came to know that he was a subcontractor to the firm. This was ...