Key words pertaining to Contract Administration used in EPC/HAM/FIDIC contract projects, along with a brief summary: EPC: Engineering, Procurement, &
Important Contract Words used in EPC / HAM / FIDIC Contract Projects
Category: Contracts and Tendering
Estimation Process
In the construction estimation process, the goal is to predict the overall cost and resource requirements for a construction project.
Bidding Process
Bid Stages 𝐏𝐡𝐚𝐬𝐞 𝐈: 𝐏𝐫𝐞-𝐛𝐢𝐝 𝐬𝐭𝐚𝐠𝐞 𝟏. 𝐏𝐫𝐞𝐪𝐮𝐚𝐥𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 Check vendor capability to execute job bidding for, ask for details about:1.
