What is EPC?
1 Answers
EPC: Engineering, Procurement, Construction, is the internationally recognized general term for the engineering procurement and construction contracting industry. Engineering: From overall project planning to specific design work; Procurement: From specialized equipment to construction material procurement; Construction: From construction and installation to technical training. It covers fields such as energy (traditional power, clean energy, etc.), transportation (railways, highways, etc.), and construction. The EPC contracting model has three fundamental advantages: Emphasizing and fully leveraging the leading role of design throughout the entire engineering construction process: Highlighting and utilizing the leading role of design in the construction process facilitates continuous optimization of the overall project plan; Effectively overcoming the conflicts of mutual constraints and disconnection between design, procurement, and construction: It promotes the rational integration of design, procurement, and construction phases, effectively achieving project schedule, cost, and quality control as stipulated in the construction contract, ensuring better investment returns. Clear accountability for construction project quality: It facilitates the investigation of construction quality responsibilities and the identification of responsible parties.
