ЕРС(М) - contract
Execution of investment and construction project through EPCM contract comprises:
- Investor acts as a nominal Client, although most of functions are given to EPCM- contractor;
- Different variants of responsibility sharing are acceptable (possible), (also it is possible when Investor sets up all contracts);
- Reward for project management and responsibility is divided;
- Areas of responsibility can be amended during project execution as agreed by parties;
- Main aim is construction of new, big objects of direct investments, with which the Clients plans to operate;
- Client recruits an experienced experts who confirms solutions of EPCM contractor.