Designing an Optimal Model to Implement and Increase the Profitability of EPC Projects

Designing an Optimal Model to Implement and Increase the Profitability of EPC Projects

Mehdi Khazaei

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Designing an Optimal Model to Implement and Increase the Profitability of EPC Projects

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Abstract

The purpose of this study is to identify the factors affecting on increasing of contractors ‘profits of EPC projects and also to estimate the impact of each factor on the increase of contractors’ profits. For this purpose, a questionnaire based on the components extracted from previous studies was prepared and sent to EPC project experts. At this stage, the factors affecting on profitability of EPC projects were identified according to the PMBOK standard. Then, the opinion of experts on the importance of each of the factors affecting on increasing EPC contractors’ profits was obtained based on the Likert five-choice range and analyzed using SPSS software. The results show that the timely supply of equipment, avoiding of complex administrative bureaucracy, innovation and use of new technologies, adequate expertise and timely financing have the greatest impact on increasing the profits of EPC contractors, respectively.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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How to Cite This Article

Mehdi Khazaei. 2026. \u201cDesigning an Optimal Model to Implement and Increase the Profitability of EPC Projects\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 22 (GJHSS Volume 22 Issue E7): .

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GJHSS Volume 22 Issue E7
Pg. 59- 68

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Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: DDC Code: 343.730526 LCC Code: KF390.I54

Submission ReceivedAugust 29, 2022
Peer Review Double Blind
Handling Editor
Accepted September 8, 2022
Published January 16, 2023

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February 9, 2023

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