Reimbursable vs Lump Sum Turnkey Project | dedicated to ...
Feb 01, 2006· Normally the consultant who do the BED will become the Project Management Consultant (PMC) during the EPCC Phase. In terms of cost, item (1) and (2) range from 5%10% of the total project cost. My personal opinion, after involved in those kind of projects for 15 yrs, I would prefer the LSTK for a large, high risk, high cost, and critical project.