Petrofac has delivered over 200 engineering, procurement and construction (EPC) projects across the world in the last three decades. We are renowned for our lump-sum turnkey (LSTK) approach to delivery.
Through our engineering, procurement and construction management (EPCm) business we also offer a suite of flexible commercial models from fully reimbursable services through to convertible lump-sum options.
With a reimbursable approach, we can swiftly mobilise to fast track projects, typically saving around 8 - 10 months on the schedule, compared to going through a traditional bid process for FEED and EPC undertaken separately.
Commercially, we link our performance to the achievement of contract milestones and use our procurement expertise and significant global spend to return value back to our clients through a gain share approach.
Typically, in our EPCm contracts, our clients manage the construction contractor directly and we provide construction management services and expertise, honed over 30 years of safe and successful LSTK EPC execution.
By combining the best of what we do in our reimbursable and LSTK businesses, we can provide a convertible lump-sum capability which enables our clients to fast track the schedule and later transfer the project risk to Petrofac.
We have a transparent approach and work in alignment with you. We readily form integrated and collaborative delivery teams, and use your systems and processes where desired.
We have the capability, track record and approach to ensure aligned and integrated EPC project delivery focused on delivering value outcomes for you.
Contact us to find out more about our flexible EPCm services.