A recent case in England has implications and learning opportunities for contractors working under international EPC, EPCM, E&P and similar contracts on industrial plant projects. In the engineering phase of a project, the same level of focus, attention to detail and energy dedicated to the development of technical solutions needs to be applied to the commercial implications and the legal / contractual risk aspects of engineering deliverable production. If completion dates are to be achieved and profit margins sustained there must be constant trade-offs between engineering necessities, cost constraints and schedule requirements that are generated by management judgements, decisions and actions.
A multi-discipline Kingsfield team have authored a paper on the above case which you might find interesting.
Please click on the link below to view the paper in full.