Stay competitive as an EPC company; how can technology help with that?

Engineering, procurement, and construction (EPC) is changing every day. From new EPC software to the demands of an ever-changing global market, your EPC company needs an edge. The right EPC technologies can help you to stand out in a crowded market, and to win new clients.

A recent whitepaper from Fact Market Research found that

“The EPC market is highly fragmented with the presence of numerous market players. Despite the extreme competition, market players are expected to enjoy significant growth opportunities over the forecast period (2022-2032) with the adoption of various organic and inorganic strategies.”

Here are a few ways that EPC technology can help your company compete.

An EPC company meeting on a construction site

Enhanced communication

The right EPC project management software can help your team to communicate more quickly and effectively. Harnessing the power of cloud technology, EPC companies can centralize all paperwork, data, and information in one software solution. Once there, the software can provide tools that allow stakeholders to stay on the same page.  These solutions may include

  • Progress monitoring dashboards
  • Document annotation systems
  • Remote-access document and data storage

As we have discussed in our blog, “With geographically dispersed teams, centralizing all this data is crucial. Whether it’s original CAD designs, as-designed BIM models, build changes, maintenance records, or operational KPIs, teams can no longer afford to have information strewn about on various hard drives and paper files. Instead, collaboration should be seamless – someone needs to bring point clouds, BIM models, designs, and pertinent information into one, centralized source.”

With cloud storage in a centralized EPC software solution like the JP Interactive Viewer, your team can take advantage of a single source of truth for the entire project. If an engineer needs to make a change, the procurement team can quickly adjust.

Streamlined workflows

Speaking of those adjustments, EPC technologies exist that can help streamline the workflow. In many cases, workflow automation can be employed to make sure that procurement knows of the changes proposed by engineering, and changes can be easily plugged into the project controls.

Some EPC and construction management software can help EPC companies to predict supply chain issues or other factors that will impact the project costs.

Managed resources

The most accurate point clouds are useless if your team can’t access them when they need them. And similarly, managing your physical and human assets is an essential component of keeping your project running smoothly.

EPC companies can lean on technology to help with this process. As we’ve explored before in our blog, there are a number of very useful EPC project management software options that can manage tasks like:

  • Cost management
  • Change management
  • Progress measurement
  • Enterprise analytics
  • Project reporting
  • Safety tracking
  • Time tracking
  • Staffing
  • Task assignments
  • Materials allocations

And more.

Maximized Quality Assurance

If your EPC company is contracted to perform construction quality management (CQM), imagine being able to perform some of your quality assurance and quality control remotely. With point cloud, laser scanning, and 3D modeling, coupled with a world-class viewer like our JP Interactive Viewer, EPC services can perform these systemic checks from anywhere. reminds us that CQM must address

  • “Mandatory statutory quality requirements that are imposed by legislation and enforced by regulatory third-party authorities in the region where the EPCM project is to be constructed in specific application areas, such as nuclear, power generation, tunnels, airports, and so forth”
  • “Customer quality requirements that are contained in the conditions of the contract and that specify the technical quality requirements generally defined in project specifications”
  • “Specific requirements of the performing organization, which generally satisfy its commercial needs (optimize profit, return on investment, increasing reputation in the marketplace, and so forth).”

EPC technologies will allow you to monitor project progress at every stage from designing to building, without spending weeks surveying and rendering.

Surfing the Internet of Things

The expanding use of Internet of Things (IoT) devices is helping transform EPC work. PwC says that 5G communication may allow IoT devices to help collate and process data.

“The ask from the EPC industry is also evolving with customer requirements going beyond the construction and installation of equipment. Machine-to-machine (M2M) data collected through multiple IoT sensors and aided by the low latency of 5G can provide proactive quality maintenance. This could be a critical after-sales success facilitator. The continuous monitoring of heavy machinery in the EPC industry would enable predictive maintenance that will aid in strategizing the workforce, avoiding system breakdowns or malfunctions, and improving workers’ safety.”

Tracked KPIs

Every EPC company should be tracking its key performance indicators (KPIs). Engineering News Report tells us that “EPC contractors need to track a more comprehensive list of KPIs than traditional construction contractors.”

Among the KPIs that Engineering News Report suggests EPC companies track include

  • Project win rate
  • Financial performance compared with projections
    • Costs
    • Revenues
    • Margins
  • On-time delivery
  • Sub-contractor performance
  • Quality of work
  • Sustainability
  • Health and safety
  • Asset and equipment performance

Of course this level of data tracking would be impossible without EPC technologies that help to collect, analyze, and report on these KPIs.

If your EPC company can stay in front of the changing technologies, you can stay ahead of the competition. Utilizing a range of technologies, from EPC project management software to internet of things (IoT) sensors and BIM methodologies, to point cloud technology, reality capture, and cloud data storage, EPC companies can demonstrate to their potential clients that they are prepared for the future.

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Ivan Marten

Senior Partner Emeritus at Boston Consulting Group

Ivan Marten is a senior partner emeritus at Boston Consulting Group. He is also a member of JP Global Digital Advisory Board as from April 2019. He has supported various companies in the energy, Oil & Gas, power, and environment sectors on developing their strategic visions for over 30 years. Ivan holds a degree in economics and business administration, and a Ph.D. in business administration and economics from the Universidad Autónoma de Madrid. He was named one of the" Top 25 most influential consultants of the year by Consulting Magazine in 2003.

Javier San Juan

President of the Latin America Region at L’Oreal

Javier is the president of the Latin America region at L’Oreal. He is a member of JP Global Digital Advisory Board as from January 2019. He has over 27 years of experience with a world leading cosmetic company where he held various positions across Europe and the Americas. Javier holds a master’s degree in Law, a master’s degree in Economics from the University ICADE in Spain, and a Diplôme HEC from the Hautes Etudes Commerciales de Paris He is the co-founder of Gibraltar Corporation and is one of the advisory board members.

Elizabeth Coronado

Co-Founder and Head of Marketing

Elizabeth graduated cum laude with a bachelor’s degree in Organizational Communication. She has three years of experience supporting the management of internal and external communications. She holds a Digital Marketing Certificate from the University of Miami.

She works hand-in-hand with multiple departments including Quality Management System, Human Resources, and Marketing. She is currently involved in the process of raising funds.

Argenis Pelayo

Product Manager

Argenis has a bachelor's degree in Geophysical Engineering and an MBA. 

Argenis is experienced in the implementation of agile methodology, and project planning. He is knowledgeable in C++, MATLAB, and Python programming languages. He has almost two years of experience in his field.

King Yung

Data Processing Specialist

King is a mechanical maintenance engineer with an MBA. He has almost 15 years of experience in the oil & gas industry. In the last five years, he has specialized and certified in laser scanning. He is focused on industrial data processing in Panama, the Republic of Panama.

Eduardo Colmenares

Technical Sales

Eduardo is a mechanical engineer with an MBA. He has more than 10 years of experience in the construction and oil & gas industry. In the last five years, he has specialized and is certified in laser scanning. Eduardo has focused on leading industrial asset digitalization in the Kingdom of Saudi Arabia.

Valentin Malave

Project Leader

Valentin is a civil engineer with almost 20 years of experience as a project engineer. In the last two years, he has focused on leading industrial asset digitalization in Houston, TX. He has specialized and is certified in laser scanning.

Ana Gutierrez

Project Leader

Ana has 10 years of experience in the design and engineering area of telecommunications and networks, and digitalization. In the last four years, she has specialized and certified in laser scanning.

Customer and results-oriented. She holds a Bachelor’s degree in electrical, electronics, and communications engineering, a Master in Management, and a MBA.

Roberto Ocando Morales

Research & Development Leader

Roberto holds an associate degree in information technology and a law degree. He has an MBA and a specialization in strategic senior management.

He has been a scrum master focused on software and applications development. He has 24 years of experience in his field.

He was second place within the 100 Best Technology Projects Executed in Venezuela in 2006- according to IT Manager 100 Empresas High-Tech 2006

Marvelys Gonzalez

Head of Operations

Marvelys is a civil engineer with a master in project management and specialized in project design and hydraulic engineering. She also holds an MBA and a master in Big Data & Business Intelligence.

She has more than 17 years of experience in her field, and for the last three years, she has focused on industrial data processing. She is located in Mexico City (DF).

Hernan Ocando

IT Team Leader

Hernan has more than 20 years of experience in computer science, cryptography, IT, data center design, telecommunications, and digitalization.

He also has experience as an information security management system auditor, and data processing platform manager in both private and public corporations.

Hernan holds a bachelor’s degree in Computer Engineering and a master in Computer Science, Finance, and Strategic Management.

Freddy Martinez

Partner and President

Freddy is a successful senior executive with more than 35 years of experience supporting global companies in their growth.

Freddy is a strong business development professional with an MBA from The Wharton School and an MSE focused on materials science & engineering from The Moore School, University of Pennsylvania. Both degrees were simultaneously earned from 1984 to 1986.

Daniel Coronado

COO & Co-Founder

Daniel is the chief operating officer and co-founder of JP Global Digital. He is responsible for leading the entire overall global operations of JP Global Digital and the implementation of organic growth.

Daniel has a law degree. He has over 25 years of experience founding and developing a series of corporations in the agricultural, mining, construction, and technology sector since 2015.

Ysaac Coronado

CEO and Co-Founder

Ysaac is the CEO and co-founder of JP Global Digital. He is responsible for the overall business performance of JP Global Digital and is highly committed to the development of high-quality 3D digital solutions and to obtain the highest level of client satisfaction and growth for the Oil & Gas, Large Industrial, and Maritime Sectors.

Ysaac has a law degree with a specialization in corporate law. Ysaac has over 25 years of experience founding and developing a series of corporations in the agricultural, mining, construction, and technology sector since 2015.