· Conventional mode of tendering has been switched over to EPC mode of contract which is by its very nature of delivery module (i.e. preparation of designs & drawings, procurement of all the materials, it’s erection and commissioning with physical and financial milestone in a agreed time frame) proves to be an ideal solution in the face of serious constraint of trained man power in RE projects.
Milestone based progress, provision of penalty/bonus; prescribed time schedule and no cost variation are main features of EPC contract which may be beneficial for RE project.
· CORE is also considering for engaging PMC services specifically in the sections where EPC contract have been awarded. It will ensure execution of works with due control for safety, quality and cost. Tenders for two sections with 456 RKM has already been invited and tenders for three more sections are in pipeline.