EPC contracting can provide significant benefits over conventional contracting in terms of risk reduction, coordination improvement, innovation enhancement, and value increase.

Commonly, cost estimates for mining and infrastructure are much less reliable than process plants. To improve the performance of feasibility studies, they should be scrutinised through peer review and audit.

From estimation through to execution, all construction resources (manpower, equipment and materials) are accounted for, and project management shifts to complying with the Project Development Plan.

You should establish a realistic budget and guaranteed completion date, identify all potential risks, and do your homework before starting.