Two common options are EPC contractors (Engineering, Procurement, and Construction) and general contractors. While their roles may appear similar on the surface, their approaches and responsibilities differ significantly..
Two common options are EPC contractors (Engineering, Procurement, and Construction) and general contractors. While their roles may appear similar on the surface, their approaches and responsibilities differ significantly..
The decision between EPC and general contractors hinges on project nature, risk allocation preference, and the owner's capacity for contract management; grasping these nuances aids construction professionals in effectively handling project complexities and achieving successful results. In the world. .
EPC contractors provide a comprehensive turnkey solution and handle the entire project lifecycle from engineering and design through procurement, construction, commissioning, and final handover, ensuring clients receive a fully functional build that’s ready for operation. In this article, we’ll. .
According to 2.0.1 of the “Construction Project Engineering General Contracting Management Regulations” (GB/T50358-2017), the general contracting of the project refers to the whole process or several stages of contracting on the design, procurement, construction and commissioning of the. .
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A single contractor has complete responsibility for a project under an engineering, procurement and construction (EPC) contract. EPC refers to both the type of construction contract and the project delivery method, and it is often used for large-scale construction projects. It offers fixed costs. .
EPC contracting is similar to Design-Build in that an owner has a single contractual relationship with only one party – the EPC contractor, who has sole responsibility for the design and construction of the owner’s facility. But EPC contracting goes beyond Design-Build in that it allocates far more.
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