Owner’s role in turnarounds found to be critical
9/24/2010 12:00:00 AM
The role the owner plays during turnaround planning and execution is a critical driver of turnaround results. Research by Independent Project Analysis, Inc. (IPA) identified two dominant strategies regarding the role of owners and contractors during turnaround planning and execution. The owner-led approach consists of the owner leading the development of turnaround planning and the management of the subcontractors during the execution phase. This approach often includes the use of third-party contract assistance, but these third-party contractors report to the owner. The contractor-led approach includes contracting turnaround planning and execution management as a service. According to IPA research, both approaches attain similar levels of planning 42 days before turnaround start. However, contractor-led turnarounds are 13% more expensive compared with owner-led turnarounds executing the same scope of work.
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