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EPC Contracts are comprehensive agreements in which a single contractor takes on full responsibility for the engineering (E), procurement (P), and construction (C) phases of a project. These contracts are typically executed on a turnkey lumpsum basis, meaning the contractor delivers a fully operational facility for a fixed price. A significant level of risk transfer characterizes these agreements, with the contractor assuming most of the financial, technical, and scheduling risks associated ... But what exactly does EPC mean in construction? EPC stands for Engineering, Procurement, and Construction. It refers to a contract-based project delivery method where a single entity is responsible for the entire lifecycle of a construction project — from initial design to final handover. The full form of EPC is Engineering, Procurement, And Construction which is a form of contract that undertakes the construction works by the private sector on large-scale infrastructure projects.
