Negotiating EPC Contracts: Can Project Owners Save Money by Procuring Materials?
IAC works with many industrial construction clients in the very early stages of their capital projects. We often help with preliminary design and budgeting. Clients like the appeal of saving money by procuring many of the larger ticket items themselves. Are the clients really saving money though?
Let’s look at the ricks and challenges of EPC procurement from a couple of different angles and see if it is worth the client purchasing items or if it is better for the EPC contractor (or General Contractor) to purchase them.