Engineering & Contractor role
Engineering & contractors (E&C) are service companies which receive the high-level process design package from technology licensors or in general from the owners of the process know-how and develop the feasibility study and basic / detailed engineering; they may optionally help with purchasing, expediting, erection and testing; if all those activities are included, they may act as general contractor.
Their customers are typically the operating companies but they also interface with equipment manufacturers (supply of requirements and specifications, request of bids), automation suppliers and system integrators .
The simevo process simulation technology can help E&C by supporting the design with what-if analysis, forecasts and case studies based on first principle, steady-state predictive models of the underlying physico-chemical processes. Engineering & Contractor may especially benefit from process simulation if they are involved in recurring projects, where the model creation and validation effort is paid back thanks to repeated reuse.
The simevo financial simulation technology can help E&C by supporting feasibility studies with detailed financial simulations that predict cash flow, balance sheet and income statement over several years / decades.