Why EPC contracting is the way to better buildings. #06

EPC contracting is the best way to develop better buildings

I am Osama Bekhit, The founder of?365Ecology! I would like to share " Better buildings movement " my weekly newsletter packed with best practices, tools & tips to boost disruptive buildings development.?Subscribe here?for more interesting buildings and facilities development trends.

Investing in the construction industry is highly risky however it offers higher returns when you focus on energy-efficient buildings. Buildings and construction account for 60% of the world's electricity use, 12% of water use, 40% of waste, and 40% of material use. In cities, buildings occupy 50% or more of the land area. All of this comes at a price, but any increase in the efficiency of energy and resource use removes costs that cities and their residents no longer have to pay.

Environmentally Friendly solutions and systems across the buildings rely on smart, efficient top-notch technologies that need highly skilled engineering teams and project managers to ensure that the project is executed under specific standards measured and verified at all stages of project design and construction.

EPC contracting is the way to manage visionary projects

EPC contracting has become the standard for building construction in the 21st century. However, EPC construction methods were developed by the oil and gas industries decades ago to reduce costs and increase productivity. The transportation, education, industrial, and healthcare sectors have now adopted these methods. By reducing delays, EPC contracts save time and money while ensuring quality work and better building vision.

EPC contracts generally deal with more complex issues than other types of construction contracts. Because, as mentioned above, EPC contracts are designed to meet stockholders' special needs and guarantee certain technical considerations.

EPC contracting provides a way to bring all the building elements of a project together under one contract, allowing the contractor to deliver the entire project on time and within budget. This gives the project owner the flexibility to focus on the core business, rather than worrying about how the project will be delivered.

EPC reduces the need for traditional contracting methods in building construction. Typically, a construction project involves multiple subcontractors bidding for the job. The most successful bidders hire workers and buy materials. Subcontractors complete their portions of the project and then compete to complete the work on time and within budget. Unfortunately, this method can be costly and time-consuming, especially when disputes arise among subcontractors. Moreover, not all subcontractors have access to high-quality equipment or skilled workers. By contrast, EPC contracting alleviates many of these issues by bringing all aspects of a project together in one place.

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Ultimately Egypt becomes more urbanized, building new infrastructure, investing in utility projects, and developing modern buildings. Traditional contracting methods are inefficient and prone to cost increases and delays. EPC contracting is far more efficient because it eliminates most middlemen and lets contractors save money through reduced costs and increased productivity. As a result of this innovative method, Egypt is ready for better buildings that meet today's needs and tomorrow's better buildings' vision!

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If you are a savvy investor, developer, business owner, or industrial facility owner and need to know more about better building development. I would love to hear from you!

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