EPC Total Contract Cost Management Study

With 20 years of total project construction contract market development, owners mature management practices , internationalization of the challenges of globalization, foreign companies to enter, the market competition of EPC total contract become more and more fierce. Against this background, engineering companies to obtain continuing competitive advantage, successively introduce and absorb advanced project cost management theory and methods, EPC works as an important means of the total project management contract .Total project cost of the project management is notably one of the key functions of the project management contract, directly determine the engineering company as the main contractor in the fierce market competition can be survival and development. This has become an identity of views between major engineering companies. But since the major engineering companies in the EPC contracting projects total cost management theory and the existence of errors in understanding, lack of specific practical applications in planning, scientific and systematic. Notably in the theory of the total project cost management contracts of the application and practice of a major engineering company in the field of project management difficult.To the author of this paper lies in the BaoXin Engineering HG notably General Contracting Company Heat Large Furnace empirical case for the project management background material, in-depth analysis of the EPC total contract cost management projects are some of the major substantive issues on the basis of ,use modern project management concepts costs, methods and research tools, EPC contract for the project total project cost management solution designed a whole, as a way to improve the overall large industrial construction projects EPC contract cost management system Better access to engineering companies in the EPC total contract market competitiveness.The conclusion is : a process for the implementation of a project management and evaluation costs clues responsibility reward system is notably total project cost management contract at the heart.