Request for AI-Powered Cost Optimization Software for EPC Projects
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کد پروژه: 550179
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From: Oil Design and Construction Company (ODCC)
Date: 2/7/2025
Subject: Proposal for AI-Based Cost Estimation & Optimization Software for EPC Projects
Introduction to ODCC
Oil Design and Construction Company (ODCC) is a leading EPC contractor in Iran, specializing in refinery construction, petrochemicals, and hydrocarbon process plant industries. Established in 1991, ODCC has successfully executed world-scale projects, ranging from feasibility studies to turnkey mega-projects.
Our extensive experience includes gas processing, oil & gas field development, petroleum refining, petrochemicals, and renewable energy projects. We are recognized as a 1st Grade EPC contractor in Iran and have been awarded multiple national project excellence awards. ODCC has delivered critical infrastructure projects, including the Abadan Refinery Upgrading Project, South Azadegan Oil Field Development, and Esfahan Oil Refinery Upgrading & Petrochemical Project.
Given our commitment to cost efficiency and project optimization, we seek an AI-driven cost estimation and control solution to improve forecasting accuracy and cost efficiency in future projects.
Project Scope & Objectives
We aim to develop a machine-learning-based cost optimization system that will:
Leverage Historical Project Data – Analyze cost trends from previous EPC projects to improve future cost estimations.
Real-Time Cost Data Integration – Collect and update local (Rial) and international (USD, EUR) prices for materials and services.
Local Resource Optimization – Prioritize Iranian suppliers and contractors, given geopolitical constraints and local content requirements.
Risk Management & Cost Control – Provide real-time alerts for potential cost overruns, allowing proactive decision-making.
Scenario Analysis & Forecasting – Simulate various market conditions, currency fluctuations, and supply chain risks.
Key Challenges
Currency Volatility: Managing cost variations between Iranian Rial, USD, and EUR.
Geopolitical & Sanctions Limitations: Ensuring compliance with restrictions while maximizing local procurement.
Data Complexity: Integrating diverse cost elements from procurement records, vendor databases, and historical budgets.
Supply Chain Disruptions: Mitigating risks associated with fluctuating availability of materials and foreign exchange constraints.
Expected Deliverables
We expect the AI company to provide:
A custom-built AI cost estimation and optimization platform.
Integration with procurement and financial systems to track real-time cost data.
User-friendly dashboards with predictive analytics for cost control.
Multi-currency support for cost comparisons and financial planning.
Training & Technical Support for ODCC’s project management team.
Collaboration & Development Approach
We seek a close collaboration between your AI specialists and ODCC’s procurement, engineering, and project management teams. The project will follow an iterative development model, ensuring the final product is fully aligned with ODCC’s operational requirements.
Next Steps
Please provide a detailed proposal including:
Technical approach for developing this AI solution.
Implementation timeline with key milestones.
Estimated budget and licensing model.
Case studies from similar projects (if available).
We believe this collaboration will enhance ODCC’s ability to manage project costs, optimize local resources, and improve financial forecasting. We look forward to discussing this project further.
Best regards,
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