Managing International EPC Contracts in the Global Power Industry

As International Oil and Gas industry matures; competition has intensified as organizations seek different ways in which to achieve a sustainable competitive advantage. One response to this has to adopt a form of 'risk transfer' via outsourcing to make another party the 'bearer' of risk - i.e. appointing a contractor company that offers a 'one-stop shop' solution - to undertake the whole scope of a project by being the main contractor and subsequently managing the entire range of sub-contractor agreements to ensure that the deliverable in question is met in its entirety for the client/end user.