What does EPC stand for?

Engineering, Procurement, and Construction

In construction, EPC stands for Engineering, Procurement, and Construction. It is a project delivery method where a single contractor or consortium is responsible for the entire project, from design and engineering to procurement of materials and construction.

Under the EPC model, the contractor is responsible for managing and coordinating all aspects of the project, including project planning, scheduling, cost control, quality control, safety management, and commissioning.

The EPC contractor takes on the risk of the project, agreeing to deliver a completed project within a specified budget and schedule. This model can provide benefits such as reduced project delivery time, cost savings, and a single point of responsibility.

EPC contracts are commonly used in large-scale construction projects, such as power plants, refineries, and infrastructure projects, where complex engineering and procurement requirements are involved.