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What is Impact of Low Bidding in EPC Contracts about?

This study explores the negative impacts of low bidding practices in the EPC industry, highlighting risks such as cost overruns, safety issues, and strained relationships. It identifies pressures that lead firms to bid low and suggests measures like transparent evaluations and quality assurance to promote sustainable practices. Ultimately, the report emphasizes that long-term success relies on delivering quality and reliability rather than simply being the lowest bidder.

Author

bhabaranjan pradhan

Language

EN