Thursday, July 31, 2008

engineering, procurement and construction (EPC) contract

Engineering, procurement and construction
In an engineering, procurement and construction (EPC) contract, the EPC contractor (EPCC) agrees to deliver the keys of a commissioned plant to the owner for an agreed amount, just as a builder hands over the keys of a flat to the purchaser. The EPC way of executing a project is gaining importance worldwide. But it is also a way that needs good understanding, by the EPCC, for a profitable contract execution.

1 Reasons for choosing EPC
2 Coordination and communication
3 Global arena
4 Cost variation
5 Monitoring by owner and EPCC
6 Key issues
7 For the owner


1 comment:

john smith said...

thanks for sharing this wonderful post