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Article

22 Citations

7,572 Views

31 Pages

A Digitalized Design Risk Analysis Tool with Machine-Learning Algorithm for EPC Contractor’s Technical Specifications Assessment on Bidding

Min-Ji Park,
Eul-Bum Lee,
Seung-Yeab Lee and
Jong-Hyun Kim

Energies2021, 14(18), 5901;https://doi.org/10.3390/en14185901

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17 September 2021

Engineering, Procurement, and Construction (EPC) projects span the entire cycle of industrial plants, from bidding to engineering, construction, and start-up operation and maintenance. Most EPC contractors do not have systematic decision-making tools...

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Article

46 Citations

11,855 Views

28 Pages

AI and Text-Mining Applications for Analyzing Contractor’s Risk in Invitation to Bid (ITB) and Contracts for Engineering Procurement and Construction (EPC) Projects

Su Jin Choi,
So Won Choi,
Jong Hyun Kim and
Eul-Bum Lee

Energies2021, 14(15), 4632;https://doi.org/10.3390/en14154632

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30 July 2021

Contractors responsible for the whole execution of engineering, procurement, and construction (EPC) projects are exposed to multiple risks due to various unbalanced contracting methods such as lump-sum turn-key and low-bid selection. Although systema...

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