EPC selection is one decision that can make or break your power plant
Will you hop on to a plane knowing your pilot is not good?
Selection purely based on prices quoted!!
Relationships with Vendors
Will Help
Timely Delivery of Components at Better Prices
EPC selection is one decision that can make or break your power plant
EPCs have sprung up like mushrooms.This has made it near impossible to select a good EPC over others.Hence people tend to go the normal way,selection based on price quoted
A background check of the EPC or the parent company can help ascertain the credibility of the chosen EPC
Looking into the project implementation history and also the feedback from existing customers can provide insights as to whether the EPC has delivered what it promised.
Do not go for an EPC which is unwilling to provide detailed profiles of its core members.Also ensure that there are not too many layers of subcontracting involved which could impact the overall quality.
Looking into manufacturers the EPC has earlier worked with can help assess the quality they go for.Moreover,you can also leverage on the relationships between EPCs and them.
In a power plant, simple innovations and customisations can save millions of rupees over 25 years.Ensure that you choose an EPC capable of giving tailor-made solutions.
Prior O&M skills can help the EPC continue to maintain the plant for you.Also the EPC should be willing to assist you in case of failure of components under warranty.