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OBE contracts-I: Why does EIL take the cake?
Jul 20: For public sector oil companies, Engineers India Ltd (EIL), is usually the only choice for award of Open Book Estimate (OBE) contracts.
8In many brownfield revamp projects, the OBE contracts allows for flexibility of midstream course correction and optimization.
8EIL is usually appointed as an OBE contractor during the pre-FEED stage itself.
8Under OBE contracts, the ordering is done by EIL but approved by project owners
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