Month: April 2018

Concept of Novation in EPC (Engineering, Procurement & Construction) Industry’s Contracts

Above is Pictorial re-presentation of Novation Process:

INTRODUCTION:  Doing Business is very challenging, Clients / Owners are finding all best ways to minimize their Cost and Schedule of building Energy Sector Plants. Novation of Contracts / Purchase Order to EPC Contractor is one of the best techniques in Energy Sector to reduce cost and minimize schedule risk.Read More »