EPCM Contract Template Explained | Cost Plus Incentive Fee (CPIF) | CMC standard contract
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YouTubeContract Management Channel
EPCM Contract Template Explained | Cost Plus Incentive Fee (CPIF) | CMC standard contract
This video explains the EPCM (Engineering, Procurement & Construction Management) Contract using a Cost Plus Incentive Fee (CPIF) payment structure, commonly used in medium, large, and mega projects. You’ll learn how EPCM contracts define the contractor’s role, including engineering oversight, procurement management, site supervision ...
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Cost-plus-incentive Fee Explained
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