Why do DSU and BI exclude variable cost?
Variable cost refers to expenses that change proportionally with the level of production or business activity. These costs vary based on the volume of output or the level of sales…
What can go wrong on professional Design in MRT project? What insurance can provide protection?
The professional design fee for MRT (Mass Rapid Transit) track work can vary depending on the specific circumstances of the project, such as the scope and complexity of the track…
What are Interconnector risks?
An interconnector for a subsea cable refers to the infrastructure that connects two or more electrical grids located in different countries or regions through an underwater cable system. These interconnectors…
What is Construction Gauge and its risks?
In railway track construction, the term "construction gauge" refers to the predetermined width between the inner sides of the two rails. It is an essential parameter that ensures proper alignment…
What are the Employer’s Risks under the EPC Contract in common?
Under an Engineering, Procurement, and Construction (EPC) contract, the employer, or client, typically transfers a significant portion of project risk to the contractor. However, there are still certain risks that…
What is EBOP , CBOP and fully wrap EPC in construction terms?
In the context of balance of plant (BOP) in power plants, the terms EBOP, CBOP, and fully wrap EPC are typically used to describe different approaches or contracting arrangements for…
What is Small Modular Reactor? Is it better than Renewable Energy?
What is Small Modular Reactor? A small modular reactor (SMR) is a type of nuclear reactor that is smaller in size and power output compared to traditional nuclear power plants.…
What are the differences between Refinery and petrochemical？what are their respective risks?
Refinery:A refinery, also known as an oil refinery, is an industrial facility that processes crude oil into various usable products. Crude oil is a naturally occurring liquid mixture that contains…
Subsea Cable and Types
In the telecommunications industry, there are generally two types of subsea cables: fiber optic cables and power cables. Let's explore the major differences between these two types: Fiber Optic Cables:…
Project Risks for Tritium Removal Facility (TRF)
Tritium is a radioactive isotope of hydrogen that emits low-energy beta radiation. It is commonly produced in nuclear reactors, as well as in some research and industrial facilities. Due to…