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Construction : General1213 | September 2011 | Source : Construction Update

EPC Conference 2011

The Engineering, Procurement and Construction (EPC) model of contracting can hardly ever become passé. With financials often running roller coaster, developers are increasingly comfortable with good old control. In India, it is not frequently a matter of preference over Public-Private Partnership (PPP) projects, but of deciding on what parameters to determine whether EPC is a feasible choice.

The shifting of most of the financial and technical risk and operational responsibility to the contractor entails good project management skills, expertise to acquire the right technology, equipment and material, and the muscle to bear economic turbulence.

Delays in our development projects are forcing more developers to go the EPC way. As the World Bank has recently asked the Roads Ministry to develop new models to expedite projects, India's Planning Commission envisages a fresh policy on EPC in road projects. Under the new EPC model, the contractor will accept the risk and responsibility for both the design and the construction of work. So while EPC projects have existed, the emphasis on them is freshly brewing.

Under the chairmanship of Mr. Rohit Modi, Deputy Managing Director, Gammon India, the India EPC Conference 2011 (October 20th & 21st - Mumbai) will primarily discuss the 'how-to's' of EPC, and recommend ways to improve the system for cost- and time-efficiency with minimum risk. The interlinkages between the E, P and the C of the contract will be a special feature that will help understand how each has a bearing on the other. Ernst & Young - India is the Knowledge Partner for this forum.

Topics covered in this conference would focus on:
  • Engineering the Nation
  • Procurement in a Globalising EPC Environment
  • The Construction Stage
  • A fair share: Demarcating Responsibilities in EPC
  • Costing and Financing of EPC
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