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Dear All,
Coud you please advice me the following.
Waht is the difference between LSTK/EPCC/FEED contract.
Your early reply is highly appreciated.
Thanks in advance.
krishna
EPC- engineering , procurment , constraction
EPC is making data , buying equipment/materials etc. and is general constructor (supervisor in practise)
http://www.harrisgroup.com/process?q=epc
FEED- front end engineering design
FEED company in doing the engineering specification and in some cases doing the bid work. The investor is bying , appointing general constractor.
http://www2.sea.siemens.com/Products/Process-Automation/APACS/More+Information/Front+End+Engineering+and+Design+(FEED)-Beyond+the+product.htm
LSTK - first to hear