Supply Chain

The Hidden Cost of Procurement Failures in EPC Projects: Case Studies and FIDIC-Based Legal Insights

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Introduction In Engineering, Procurement, and Construction (EPC) projects, procurement is not a back-office function—it is a critical risk interface between design intent and physical execution. Among the various procurement risks, vendor delay remains one of the most persistent and underestimated threats. A typical scenario—advance payment released against a proforma invoice, followed by repeated assurances but … Read more

When Vendors Delay: The Hidden Cost of Procurement Failures in EPC Projects

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Introduction In Engineering, Procurement, and Construction (EPC) projects, timelines are not merely targets—they are contractual obligations tied to financial exposure, stakeholder confidence, and reputational standing. Yet, one of the most underestimated risks in project execution is vendor delay, particularly in the procurement of critical materials. A seemingly routine delay—such as the non-delivery of reinforcement steel … Read more