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EPC Project and OM Registration

Experiencing delays in registering your EPC Project and OM? Our expert consultants provide complete end-to-end assistance to simplify and accelerate the registration process. Since 2019, we have successfully registered over 12,000 EPC Projects and OMs.

What's Included?

Project Name Approval & Reservation
Drafting of MoA & AoA
DIN & DSC for Project Leads
Filing with MCA & Incorporation Certificate
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EPC Project and O&M Accounting – Overview

In today’s fast-evolving infrastructure landscape, Engineering, Procurement, and Construction (EPC) projects drive national development. From power plants to renewable energy, these capital-intensive assets require specialized financial discipline. Once built, Operation and Maintenance (O&M) services ensure their long-term performance and efficiency.

Specialized EPC and O&M Accounting provides clarity over costs and revenues, ensures compliance with tax laws, and protects profitability throughout the project lifecycle. At Subrudhi, we deliver end-to-end accounting solutions that combine technical understanding with financial expertise.

EPC Project and O&M Accounting
EPC Project Details
The Foundation of Industrial Growth

EPC projects involve "single-point responsibility" where a contractor manages everything from detailed technical design (Engineering) and sourcing global vendors (Procurement) to on-site execution (Construction).

Following construction, the O&M phase ensures the asset operates safely and profitably for decades. Traditional accounting methods cannot handle this complexity—milestone-based payments, retention money, and long durations require a specialized framework to avoid cash flow failure.

Benefits of Professional EPC and O&M Accounting

Professional accounting is the financial backbone of large-scale ventures. It delivers clear project-wise visibility, improves cash flow through accurate milestone tracking, and identifies cost inefficiencies early.

Benefits
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Financial Transparency

Accurate cost allocation to specific work packages ensures clear profitability insights.

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Compliance Accuracy

Adherence to IND AS 115 and IFRS 15 prevents misstatement of profits.

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Risk Mitigation

Early detection of financial slippage, liquidated damages, and cost escalations.

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Tax Optimization

Expert handling of GST for works contracts, customs duties, and withholding taxes.

Core Components of EPC and O&M Accounting

  • Project Cost Accounting: Captured through budgets, direct/indirect cost allocation, and variance analysis.
  • Revenue Recognition: Using the Percentage of Completion Method (POCM) to reflect actual work progress.
  • Cash Flow Management: Tracking milestone billings, retention amounts, and working capital needs.
  • Asset & Equipment Accounting: Managing heavy machinery capitalization, leasing, and depreciation.
  • O&M Expense Tracking: Continuous monitoring of manpower, spare parts, and warranty obligations.

Strategic Compliance Readiness

  • Adherence to local and international tax jurisdictions.
  • Implementation of internal controls for high-value procurement.
  • Proper provisioning for risk and contingency claims.
  • Readiness for regulatory audits and stakeholder scrutiny.
Accounting Components

Why Specialized Accounting is Essential

EPC and O&M projects differ from normal operations due to unique factors that demand expert oversight:

  • Multi-Year Spans: Requires complex revenue recognition over long durations.
  • Performance Obligations: Revenue recognized on work value, not just invoices raised.
  • Global Procurement: Involves foreign exchange risks and cross-border tax complications.
  • Operational Complexity: Tracking preventive maintenance budgets to protect long-term asset life.
Documents

Documents Required for System Setup

  • Project Contracts: EPC/O&M agreements, subcontracts, and client billing schedules.
  • Financial Records: Bank details for project-designated accounts and previous audited statements.
  • Procurement Data: Sourcing agreements, customs duty records, and vendor details.
  • Tax Registrations: GST, TDS, PAN, and specific trade licenses.
  • Compliance IDs: DSC and DIN for authorized project and finance directors.

Our Structured Approach to Project Accounting

We combine technology-driven systems with industry knowledge to manage your financial framework.

  • Contract Review: Understanding scope, timelines, and financial obligations.
  • Framework Design: Custom cost codes and reporting structures.
  • Tech Integration: Setting up ERP systems and automated MIS dashboards.
  • Lifecycle Analysis: Long-term O&M budgeting and performance monitoring.
  • Strategic Advisory: Ongoing guidance on financing and risk management.

Why Choose Subrudhi

Domain Expertise

Specialized knowledge in power, oil & gas, and renewable energy sectors.

Real-Time Visibility

Project-wise financial KPIs delivered through integrated digital systems.

Global Compliance

FEMA, IND AS, and cross-border taxation managed by experts.

Frequently Asked Questions

How is revenue recognized in EPC contracts?

Revenue is recognized using the Percentage of Completion Method (POCM) as per IND AS 115, reflecting work progress rather than just billing milestones.

What are common O&M accounting challenges?

Key challenges include tracking lifecycle costs, managing warranty obligations, and budgeting for preventive vs. corrective maintenance.

Ready to Optimize Your Project’s Financial Success?

Build a stronger, more resilient financial foundation for your infrastructure ventures with Subrudhi.