Introduction of Uil Advisors B.V.Uil Advisors was started September 17, 2008 and changed into Uil Advisors B.V. on December 31, 2008. Its main activities, technical advice for electrical, instrumentation and systems used for on- and offshore installations mainly in the Dutch sector of the North Sea.
We know by experience that equipment, products, vendors, engineering standards or design have proven themselves. The contracts for engineering and construction of (offshore) installations based on a reimbursable contracts with series of payments based on man hours made, materials & equipment used with pre-defined unit rates.
Is the conventional way still applicable, the best solution, possible or in accordance with the new rules and regulations? Do we need to remove or replace the installations and equipment from the past.
Is the installation and equipment suitable for future use?
The contracts for engineering and construction of (offshore) installations is mainly based on EPIC or EPC (Engineering, Procurement, [Installation] and Construction) contracts.
An agreement where a purchasing company pays for a complete project (fixed price) and does not require a breakdown of every cost or item from the contractor.
The quality of the contract and documents issued as part of the contract describe and define the outcome of the “project”.
We can’t predict the future but on the basis of good engineering practice, best available technology and good workmanship it should not be a problem.