EPC means that the company is entrusted by the owner to undertake the entire process or several stages of the design, procurement, construction, and trial operation of the engineering construction project in accordance with the contract. Usually, under the conditions of a lump sum contract, the company is responsible for the quality, safety, cost and progress of the projects it contracts.
Under the EPC general contracting model, the general contractor is responsible for the entire construction project, but it does not mean that the general contractor must complete the entire construction project himself. Except for the work that the law clearly stipulates must be completed by the general contractor, the general contractor can perform the remaining work through professional subcontracting.
General contractors often subcontract work such as equipment procurement (manufacturing), construction and installation based on their rich project management experience, different scales, types and owner requirements of engineering projects. Outsource to professional subcontractors.
Extended information:
Compared with the traditional contracting model, the EPC general contracting model has the following basic advantages:
(1) Emphasize and give full play to the role of design in Play a leading role in the entire project construction process. The emphasis and play on the leading role of design in the entire project construction process is conducive to the continuous optimization of the overall project construction plan.
(2) Effectively overcome the mutual constraints and disconnection between design, procurement, and construction, facilitate the reasonable connection of the design, procurement, and construction stages, and effectively achieve the progress, cost, and quality of the construction project Control compliance with construction project contracting contracts to ensure better investment returns.
Baidu Encyclopedia-EPC (Engineering General Contracting)