McDermott

S&P Global Platts: Contractors Express Caution On Bidding For New US LNG Export Projects

Facing unprecedented “pressure to sign engineering, procurement and construction deals for the lowest possible amount,” engineering, procurement, and construction firms (EPCs) are reported to vocalize their concerns.

From my perspective, the way we hear about dollars per ton this and dollars per ton that. The answer is not the lowest dollar per ton. The answer is we have collaborated and innovated to make sure we have the best possible cost, the best possible schedule and the best possible certainty of outcome.
-Bechtel President Aladair Cathcart