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Budgeting procedures for EPC projects

Budgeting procedures for EPC projects

Budgeting procedures for EPC projects

(OP)
Sirs

I’m working as part of a team to develop new budgeting procedures for EPC projects, which should be lump sum contract. Our concern is about the bid documents, which normally includes basic engineering but many sections only have conceptual engineering. In this way, there is not enough technical data to get a competitive budget. Does anyone have some tips how we should perform to check the engineering provided by the client? I’m looking for some checklist or some criteria to evaluate it. Any comments will be appreciated.

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