Traditional owner-EPC relationships are evolving to meet the demands of interdependent infrastructure in the US power sector. New models prioritize integrated, risk-transparent partnerships driven by real-time data and collaborative planning, shifting away from fixed-price contracts to cost-sharing models. Utilities like AEP and Entergy are signing early agreements with EPC partners to manage project economics and mitigate risk, aligning investments with real demand. The industry is shifting towards transparent, collaborative contracting, with EPCs leveraging data-driven insights to move towards partnership-based risk sharing models. The integration of digital platforms and AI into project delivery is allowing EPCs and owners to translate procurement and scheduling visibility into actionable performance metrics, eliminating friction between design, procurement, and construction. Industry players are adapting to the pressure for speed and flexibility by reshaping the EPC competitive landscape, with specialized, mid-sized, and smaller EPCs capturing market share and fast-deployment integrators meeting the demand for rapid mobilization. The shift towards transparent, collaborative contracting is exemplified by a progressive EPC model that prioritizes open-book transparency and partnership to align on key decisions and build trust. This approach helps ensure cost recovery, speed, and agility in project delivery.

Read more at Yahoo Finance: How Smart Collaboration and Digital Tools Are Driving New Delivery Models