To solve the BG T&T project execution and schedule concerns, Fluor and JRM formed a Consortium that would continue immediately with detailed engineering and procurement activities to preserve the schedule and eliminate the time it would take to create a bid package, and competitively bid and award a typical lump sum EPIC contract based on very preliminary design documents.
To give BG T&T the proper assurance that they would still be paying a competitive price without bidding the lump sum contract, Fluor and JRM submitted an Open Book Estimate for the EPIC project, whereby pricing could be reviewed in detail prior to contract award.
The timing of this Open Book Estimate, after additional engineering was performed and actual equipment quotes were received, enabled the contract price to be far more accurate and contain fewer contingencies for unknowns.
To maximize local content Fluor subcontracted the fabrication of the topsides to TOFCO, a local Trinidadian fabricator that had built platforms before, but none the size of the Poinsettia platform. Fluor's management of this subcontract interjected the strong Fluor culture of safety and quality into a growing, but relatively young fabrication yard. Most importantly, this Fluor-led Consortium gave BG T&T the best chance possible to meet their very aggressive schedule goals.