COVID -19 and Beyond: The need to redefine engineering, procurement and construction

Key approaches to navigate the COVID-19 crisis

The COVID-19 pandemic has presented a range of challenges for the already struggling Engineering, Procurement and Construction (EPC) companies. Some of the key issues include cancelled construction projects, delayed RFP response and supply-chain bottlenecks to timely procurement of goods and assets that in turn impact project completion. Furthermore, disruption of communication between vendors and partners has stalled business continuity. The most immediate impact, however, is managing contractor workforce while ensuring their health and safety. New models for modularization and technology led construction integrated with advanced technologies such as augmented reality (AR), virtual reality (VR), and robotics can inject new life into the EPC sector.

This paper takes a deep dive into the four key approaches that EPC companies can adopt to sustain through the COVID-19 crisis while reducing revenue loss and enhancing employee experience.