European owners assess quality of E&C companies

Since 1995, owners of European downstream operating companies have changed the way they choose engineering and construction (E&C) contractors. Several trends have been identified: The price of E&C jobs is a more significant factor this year than last. Behavioral factors are playing a larger part of contractor selection. The decentralized organization of operating companies has raised the costs of E&C companies. Retirement by key technical personnel in operating companies has spurred increased outsourcing and numerous knowledge-management projects. These are the conclusions of Transmar Enterprises Ltd., Boston, based...

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