risk mitigation

EPCI News

AI-Powered Project Management Software Launched to Streamline EPCI Workflows

TechBuild Solutions has unveiled “EPCI SmartPlan”, an AI-driven project management platform designed to optimize engineering, procurement, construction, and installation (EPCI) workflows. Launched in mid-February 2025, this cutting-edge software aims to enhance efficiency, accuracy, and decision-making in large-scale industrial projects by leveraging real-time analytics, predictive scheduling, and resource optimization. The EPCI industry, known for its complex

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EPCI Market

The Impact of Global Supply Chain Disruptions on EPCI Projects

Global supply chain disruptions have emerged as a critical challenge for Engineering, Procurement, Construction, and Installation (EPCI) projects, affecting timelines, costs, and overall project execution. The aerospace, energy, and industrial engineering sectors heavily rely on intricate supply chains that span multiple countries and suppliers. Any disruption—whether due to geopolitical tensions, natural disasters, trade restrictions, or

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Construction

How to Manage Construction Risks in Nigeria and Avoid Financial Losses

The Nigerian construction industry presents immense opportunities, but it also comes with significant risks that can lead to financial losses if not properly managed. From project delays and cost overruns to regulatory hurdles and unforeseen site conditions, contractors must adopt proactive strategies to mitigate risks and ensure project success. Understanding these risks and implementing effective

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