EPC development strategies that would realise the earliest positive ROI for startup open-pit mines

Summarised below are some of the features common to TacminMadini's project delivery that has enabled them to turn around quickly and fast-track open-pit mining and infrastructure projects since 1996. Among others, these are EPC development strategies that TM Australia applies to realise the earliest positive ROI for startup open-pit mines.

Estimating and project control software:

Like contractors that apply estimating, planning and project control software for construction project management in the built environment, TM Australia applies the same data-driven digital solutions for their EPC Projects from first estimate to final account. Unlike their competitors, TM Australia does not need to compare contractors' quotations against cost databases similar to related construction and open-pit mining works.

 

Pre-tender stage:

TM engineers execute Front-end Engineering Designs (FEED) of the intended open-pit mine and associated civil infrastructure facilities, compile work breakdown structures, generate bills of quantities and compile budget enquiry documentation.

 

Tender stage: 

Upon issuing enquiries, TM estimators price the bills of quantities (BOQs) in the budget enquiry from first principles at zero profit margin rates, schedule the construction activities and compile budget forecasts. By way of project resource analysis, allocate, schedule and optimise resources (manpower, equipment and materials) required for the project. 

 

Contractor selection:

TM can work with a preferred or selected contractor to fast-track the project and adjudicate tenders through benchmarking against their zero profit margin/shadow bids. Simultaneously optimise construction resources with the resource analysis functionality of construction project management software, ensuring the most optimal cost-to-project.

 

Commercial agreements:

Emanated from experience gained first as a contractor, followed by drafting commercial agreements for numerous mining companies, TM Australia drafts back-to-back EPC agreements of a contract type most suitable for prevailing conditions. A conventional unit rate contract may not necessarily be a fit-for-all. 

 

Project execution plans:

Project execution plans are compiled by a team of engineers that have developed high-end hybrid solutions by adapting ideas from one industry to another. PEPs are compiled by our specialist Optimisation and Project Control Partner who also assumes the responsibility to track budget and schedule compliance during execution.

 

Project execution:

Project implementation, construction and contractor management have been at the core of our International Partner since 1996. Our project implementation operations management has worked closely with our design engineers and is fully conversant with with TM's internal Project Control, Construction and Contractor management protocols.