Sourcing EPC material for a large-scale capital project takes a strategic mindset. Anything else is lighting money on fire.
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In a mega-sized EPC project, how you handle material management has high stakes for your schedule and budget. Construction materials alone make up about 50-60% of a capital project's total cost, and snags in material flow cause 80% of project delays. If you’re winging it, you’re losing millions.
The pipeline for Engineering Procurement Construction (EPC) projects is white hot. By September of 2022, over 100 million square feet of industrial development space had been delivered to the U.S. market in this year alone — a new record. Another 586.7 million square feet of industrial space was already in the construction stage — also a record.
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Large scale construction and EPC projects have a ton of moving parts. Now, more than ever, your suppliers have a huge impact on how smoothly things move, and the wrong choice can lead to costly delays, negatively impact the schedule, and cause significant cost overruns. Here are a few things to look for in a top notch supplier for industrial bolts and gaskets.
Material shortages and supply chain snags are still crushing builds nationwide. It’s going to take more than a magic word and a snap of your fingers to get that building material delivery in on time. The truth is, these days, you need more than just a building material supplier to keep projects on track.
AMLs for construction mega-projects are built to ensure quality. This assurance of quality is great for the end user and the surrounding community the facility is in. However, it does tie your hands when sourcing material. You’ve got to plan ahead.
Experience is the name of the game with construction material sourcing. The more proven and varied your sourcing partner’s solutions, the faster things will move.