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ARTICLE · 01 DECEMBER 2011

Selecting The Right Procurement Strategy For You And Your Project

Reed Smith (Worldwide)
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The outset of any large-scale construction project can be a challenging time for those tasked with guiding the project to completion.

European UnionReal Estate and Construction
Vincent Rowan
Vincent Rowan
Lynne Davy
Lynne Davy
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The outset of any large-scale construction project can be a challenging time for those tasked with guiding the project to completion. It is also a very important time; there are crucial strategic decisions that need to be made by any project owner. In our first client alert of the series we discussed how to select the correct type of construction contract. In this, the second alert, we focus on procurement strategies. Does the Engineer, Procure, Construct (EPC) model (where an owner entrusts his entire project design and construction to one company) remain the trusted solution for owners in this economic climate? What other options are available to owners and might they actually be more appropriate for a trader/producer's purposes?

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