Capital project overruns can be due to poor scope definition, inadequate communication, and design errors, among other factors. Here’s how to prevent them.
Leveraging EPC for capital projects can significantly reduce project risk and provide superior project delivery certainty regarding cost and schedule.
What is a design-build contract? Click here to learn about the benefits of design-build delivery methods and what each stage of this technique entails.
While turnkey delivery methods offer many benefits, it’s important to weigh turnkey project advantages and disadvantages before signing a contract.
This webinar will focus on the advantages of using laser scanning in capital projects, specifically in terms of Constructability. We will provide examples where this step in the process has helped with clash detection, critical lift situations, time-sensitive schedules, and the fit of new materials inside existing facilities.
The Civil/Structural Engineering -themed Capital Project Words include Moment, Void Box, Allowable Strength Design (ASD) and Load Resistance Factor Design (LRFD), and P-Delta Effect
The Mechanical and Piping Engineering-themed Capital Project Words include Tie-In Lists, Plot Plans, Equipment Data Sheets, Stress Analysis, and Laser Scanning.
The Construction-themed Capital Project Words include Construction Work Plan, Hydrostatic Leak Test, Constructability, and Mechanical Completion.
The Process Engineering-themed Capital Project Words include Process Flow Diagram (PFD), Process Simulation, Hazard and Operability Study (HAZOP), and Piping and Instrumentation Diagram (P&ID).
The Financial Operations-themed Capital Project Words include Percentage of Completion Revenue Recognition, Performance Bond, Owner Controlled Insurance Program (OCIP), and Working Capital.
Implementing the process of off-site fabrication into the daily work process can take time and energy that many may not find beneficial, unsure if it is the right decision. There is also a need for an increase in technology in one’s fabrication efforts to make the benefit worthwhile. The key performance indicators for the success of pre-fabrication include reduced/improved risk, improved cost, and improved schedule.
The Safety-themed Capital Project Words include Total Recordable Incident Rate (TRIR), Experience Modification Rate (EMR), Process Safety Management (PSM), Behavior-Based Safety (BBS), and Job Safety Analysis (JSA).
The Project Management-themed Capital Project Words include Scope of Work (SOW), Request for Proposal (RFP), Capital Project Development Framework, and Front End Planning (FEP).