New PMC, Technical Customer, EPCM and EPC — a 9-minute breakdown of the four delivery modelsPMC vs Technical Customer vs EPCM vs EPC Read it

Lifecycle

The project lifecycle: stage, risk, service, outcome

Seven stages from concept to operation. For each: the typical client risks, what the management team does, what you receive and which services are relevant.

01 · 2–4 months

Concept and site

1Client risk
  • The site cannot carry the intended volume
  • Utility connection cost changes the project economics
  • Encumbrances surface after the transaction
  • The budget was built from analogues with no cost structure
2What INVECON does
  • Site due diligence
  • Development potential assessment
  • Initial budget and roadmap
  • Independent cost and schedule review
3Outcome
  • Transaction risk opinion
  • Site and connection cost estimate
  • Transaction recommendation

02 · 1–2 months

Project start-up

1Client risk
  • The schedule was fitted to an announced date
  • Long-lead equipment is unidentified
  • No procedures or reporting exist
  • Roles and authorities are undefined
2What INVECON does
  • WBS, cost and schedule baselines
  • Procurement plan and long-lead register
  • Risk register and KPIs
  • Project procedures and kick-off
3Outcome
  • Project Execution Plan (PEP)
  • Approved baselines
  • 90-day action plan

03 · 6–14 months

Permitting and design

1Client risk
  • Permitting advances without a schedule
  • Disciplines are uncoordinated and clashes reach site
  • Design decisions inflate installation cost
  • Statutory review returns the documentation
2What INVECON does
  • Permitting and utility conditions
  • Documentation release schedule and coordination
  • Value engineering
  • Statutory expert review
3Outcome
  • Positive expert review statement
  • Construction-ready documentation set
  • Value engineering report

04 · in parallel

Procurement and tendering

1Client risk
  • Equipment ordered too late
  • Bids are not comparable
  • The contract does not protect the owner
  • Incomplete bills of quantities return as variations
2What INVECON does
  • Procurement strategy and plan
  • Tendering and prequalification
  • Bid evaluation and negotiation
  • Balanced contracts
3Outcome
  • Contract register and procurement savings
  • Long-lead register with award dates
  • Inspection and FAT records

05 · 12–36 months

Construction

1Client risk
  • Schedules are uncontrolled
  • Certificates carry unverified quantities
  • Covered works closed without inspection
  • Non-compliant site records
  • Contractors are uncoordinated
2What INVECON does
  • Construction schedule and look-aheads
  • Cost: plan / actual / forecast
  • Supervision: incoming, in-process, acceptance
  • As-built control, HSE and owner reporting
3Outcome
  • Payment for verified work only
  • Reliable status and forecast
  • Complete site record documentation
  • Minimal rework and claims

06 · 2–8 months

Start-up and handover

1Client risk
  • Handover was never planned as a phase
  • The record set does not meet acceptance requirements
  • The punch list is unmanaged
  • Operations are not ready to take the asset
2What INVECON does
  • Start-up readiness assessment
  • Commissioning and test support
  • Punch list management
  • Statutory commissioning and handover
3Outcome
  • Test and commissioning records
  • Commissioning certificate
  • Handover dossier and as-builts
  • Trained operating personnel

07 · asset lifecycle

Operation

1Client risk
  • Defects liability period issues go unrecorded
  • No reliable as-built basis for upgrades
  • Structural condition unknown before reconstruction
2What INVECON does
  • Defects liability period support
  • Condition assessment before reconstruction
  • Digital documentation archive
3Outcome
  • Structural condition opinion
  • Design inputs for reconstruction
  • A working documentation archive

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