258:
that facility for a guaranteed price by a fixed date and it must perform to the specified level. Failure to comply with any requirement will usually result in the contractor incurring monetary liabilities. The EPC contractor coordinates all design, procurement and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work. EPC companies are often used in large-scale projects, such as power plants, refineries, chemical processing facilities, infrastructure projects, and more. Clients turn to EPC companies because they offer a one-stop solution for the entire project lifecycle, streamlining the process and reducing the complexity of managing multiple contractors and suppliers. These firms play a crucial role in delivering complex projects on time and within budget.
124:
395:. The initials EPCM are also encountered frequently on international projects, but this is very different from EPC. EPCM is a services-only contract, under which the contractor performs engineering, procurement and construction management services. In an EPCM arrangement, the client selects a contractor who provides management services for the whole project on behalf of the client.
66:
25:
257:
Under an EPC contract, a contractor is obliged to deliver a complete facility to a developer who needs only "turn a key" to start operating the facility; hence EPC contracts are sometimes called turnkey construction contracts. In addition to delivering a complete facility, the contractor must deliver
141:
38:
388:
44:
188:
160:
167:
249:
contract) are a form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects.
174:
524:
156:
478:
The Ten
Commandments of Better Contracting: A Practical Guide to Adding Value to an Enterprise Through More Effective Smart Contracting
485:
225:
207:
105:
52:
529:
514:
286:
509:
145:
181:
429:
87:
504:
134:
76:
409:
290:
387:
An EPC, LSTK, or EPCC all are the same types of contracts. This form of contract is covered by the FIDIC (
481:
519:
498:
455:
123:
246:
294:
404:
117:
59:
18:
275:
engineering, procurement, installation & commissioning
261:
Various abbreviations used for this type of contract are
283:
engineering, procurement, construction and commissioning
83:
75:
may contain excessive or inappropriate references to
430:"Engineering procurement and construction contract"
148:. Unsourced material may be challenged and removed.
285:. Use of EPIC is common, e.g., by FIDIC and most
389:International Federation of Consulting Engineers
8:
157:"Engineering, procurement, and construction"
53:Learn how and when to remove these messages
391:) Silver Book containing the title words
305:EPC contracts cover the following issues.
239:Engineering, procurement, and construction
226:Learn how and when to remove this message
208:Learn how and when to remove this message
106:Learn how and when to remove this message
421:
480:. ASCE Publications. pp. 69–71.
86:by removing references to unreliable
7:
146:adding citations to reliable sources
90:where they are used inappropriately.
14:
34:This article has multiple issues.
122:
64:
23:
289:. Use of LSTK is common in the
133:needs additional citations for
42:or discuss these issues on the
1:
525:Project management techniques
476:Hartman, Francis T. (2003).
293:. Use of EPCC is common in
546:
297:and some other countries.
378:Testing and commissioning
434:Designing Buildings Wiki
325:Construction engineering
410:Construction management
381:Modernization of plants
370:Commissioning functions
359:Electrical installation
335:Logistics and transport
291:Kingdom of Saudi Arabia
245:) contracts (a type of
16:Type of turnkey project
530:Construction documents
515:Facilities engineering
354:Construction functions
287:Persian Gulf countries
77:self-published sources
510:Engineering economics
330:Procurement functions
311:Engineering functions
319:Detailed engineering
142:improve this article
456:"FIDIC Silver Book"
375:After-sales-service
362:Mechanical erection
436:. 4 September 2018
505:Civil engineering
365:Civil engineering
316:Basic engineering
267:lump sum turn key
236:
235:
228:
218:
217:
210:
192:
116:
115:
108:
57:
537:
491:
463:
462:
460:
452:
446:
445:
443:
441:
426:
301:normal functions
231:
224:
213:
206:
202:
199:
193:
191:
150:
126:
118:
111:
104:
100:
97:
91:
68:
67:
60:
49:
27:
26:
19:
545:
544:
540:
539:
538:
536:
535:
534:
495:
494:
488:
475:
472:
467:
466:
458:
454:
453:
449:
439:
437:
428:
427:
423:
418:
401:
385:
384:
350:
303:
255:
232:
221:
220:
219:
214:
203:
197:
194:
151:
149:
139:
127:
112:
101:
95:
92:
81:
69:
65:
28:
24:
17:
12:
11:
5:
543:
541:
533:
532:
527:
522:
517:
512:
507:
497:
496:
493:
492:
487:978-0784470985
486:
471:
468:
465:
464:
447:
420:
419:
417:
414:
413:
412:
407:
400:
397:
383:
382:
379:
376:
372:
371:
367:
366:
363:
360:
356:
355:
351:
349:
348:
345:
342:
339:
336:
332:
331:
327:
326:
323:
320:
317:
313:
312:
308:
307:
302:
299:
254:
251:
234:
233:
216:
215:
130:
128:
121:
114:
113:
72:
70:
63:
58:
32:
31:
29:
22:
15:
13:
10:
9:
6:
4:
3:
2:
542:
531:
528:
526:
523:
521:
518:
516:
513:
511:
508:
506:
503:
502:
500:
489:
483:
479:
474:
473:
469:
457:
451:
448:
435:
431:
425:
422:
415:
411:
408:
406:
403:
402:
398:
396:
394:
390:
380:
377:
374:
373:
369:
368:
364:
361:
358:
357:
353:
352:
346:
343:
340:
337:
334:
333:
329:
328:
324:
321:
318:
315:
314:
310:
309:
306:
300:
298:
296:
292:
288:
284:
280:
276:
272:
268:
264:
259:
252:
250:
248:
244:
240:
230:
227:
212:
209:
201:
190:
187:
183:
180:
176:
173:
169:
166:
162:
159: –
158:
154:
153:Find sources:
147:
143:
137:
136:
131:This article
129:
125:
120:
119:
110:
107:
99:
89:
85:
79:
78:
73:This article
71:
62:
61:
56:
54:
47:
46:
41:
40:
35:
30:
21:
20:
477:
470:Bibliography
450:
438:. Retrieved
433:
424:
392:
386:
304:
282:
278:
274:
270:
266:
262:
260:
256:
242:
238:
237:
222:
204:
195:
185:
178:
171:
164:
152:
140:Please help
135:verification
132:
102:
96:October 2018
93:
82:Please help
74:
50:
43:
37:
36:Please help
33:
393:EPC/turnkey
341:Procurement
499:Categories
416:References
347:Purchasing
168:newspapers
84:improve it
39:improve it
344:Invoicing
338:Receiving
198:July 2021
45:talk page
399:See also
322:Planning
253:Overview
440:10 July
247:turnkey
182:scholar
88:sources
484:
184:
177:
170:
163:
155:
520:Costs
459:(PDF)
295:Qatar
189:JSTOR
175:books
482:ISBN
442:2021
405:EPCI
281:for
279:EPCC
277:and
273:for
271:EPIC
265:for
263:LSTK
161:news
243:EPC
144:by
501::
432:.
269:,
48:.
490:.
461:.
444:.
241:(
229:)
223:(
211:)
205:(
200:)
196:(
186:·
179:·
172:·
165:·
138:.
109:)
103:(
98:)
94:(
80:.
55:)
51:(
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
