includes design thinking (aiming to understand problems and explore creative solutions), structured thinking (mapping out complex problems through inductive and deductive reasoning), and jugaad, a Hindi word that, loosely translated, means getting the job done in a flexible, intelligent, low-cost way...
Single point of responsibility:Under an EPC contract, the EPC contractor is responsible for all aspects of the project, including design, procurement, and construction. This means that the owner only has to deal with one entity rather than multiple contractors. Fixed price:EPC contracts typically i...