Types of Contracts

Orders are executed flexibly, depending on the contract and settlement models:

• E (Engineering) - pure engineering work,
• EP (Engineering, Procurement) - Engineering, tendering and main equipment procurement
• EPCM (Engineering, Procurement, Construction Management) - Engineering, tendering and main equipment procurement, installation supervision
• EPC (Engineering, Procurement on behalf of, and for the client, and construction), also called "Lump Sum Turn-key" - Engineering, tendering and main equipment procurement, installation supervision, project management

Each of these variants has specific advantages. Choosing the right one depends on the project constraints such as:

• Plant type
• Technical requirements
• Customer Organization
• Duration of the construction period

The financing of the project can also be handled differently:

• Fixed price - 
• Reimbursable - 
• Cost+Fee with incentive scheme -

The contract forms mentioned above, are available for our entire service portfolio and for the following plant types:

• New plants
• Debottlenecking / revamp / modernization of plants
• Dismantling of plants