EPC stands for ‘Engineering, Procurement and Construction’. Engineering, Procurement and Construction Contract or EPC contract is a type of construction contract between parties where the contractor is responsible for all the engineering, procurement, and construction activities to deliver the completed project to the employer or owner within a predefined time and cost. Role of an … Read more
Prototype means ‘Primitive form’ or ‘First impression’. Prototype is the very first or primary real-world version of a concept or an idea. It represents the real form of final product in part or full. Prototype is made to experiment with the viability of a concept in real world. There might be a great idea in … Read more
Turnkey contract is typically a construction contract under which a contractor is employed to plan, design and build a project or an infrastructure and do any other necessary development to make it functional or ‘ready to use’ at an agreed price and by a fixed date. In trunkey contracts, most of the time employer provides … Read more
Turnkey, also spelled as Turn Key and Turn-key, typically means “Ready to use”. It refers to an object that is designed, supplied, built, installed, commissioned, fully complete and ready to use or operate. Turnkey implies that the end-user just needs to ‘turn the key’ to make the object functional, operational or usable. Turnkey object could … Read more
Energy Efficiency is getting the same job done, but by consuming less energy. In another perspective, energy efficiency is reducing or if possible eliminating the amount of energy waste from any system without degrading quality and performance. So, you might tell, energy efficiency is just “saving energy”. Energy efficiency can be implemented by practicing better … Read more
