Combined with skilled labor shortages, shop space availability, access to raw materials and interest rates, tariffs are just the latest addition to the challenges faced by leadership working to deliver certainty of schedule, budget and quality on capital projects. Add to that the extended front-end planning timeline — often 18 months to reach FID — and four-year average EPC durations, and one thing becomes clear: “Lock in pricing early” is no longer a reliable risk mitigation strategy. Learn More
