A feasibility study is an assessment of the practicality of a project or system. A feasibility study aims to objectively and rationally uncover the strengths and weaknesses of an existing business or proposed venture, opportunities and threats present in the natural environment, the resources required to carry through, and ultimately the prospects for success.
EPC is a contractual arrangement in which the responsibility related to engineering services, procurement of raw materials, and construction lie with the contractor. Solar plants, infrastructure projects are some of the examples of EPC projects.
Engineering Procurement and Construction Management contracts (EPCM contracts), like Engineering Procurement and Construction contracts (EPC contracts) are similar to design and build contracts.
The design and construction of facilities for the generation of electrical power from solar resources is an area that is filled with risk and opportunity. The goal of this chapter is to provide an overview of the legal issues encountered in the course of engineering and constructing utility-scale solar energy projects so as to identify key risk allocations that are commonly used in this sector to create the legal framework necessary for a successful solar energy project.
Services Procurement is the process for requisitioning people-based services at an enterpriselevel with an agreed-upon scope and deliverables. In short, it is the strategic outsourcing of labour to an individual or organisation for a specific purpose.
Construction management services necessary to successfully schedule, coordinate, and oversee the engineering, procurement, and construction of the power generation equipment and the balance-ofplant facilities.