What does EPC mean in contracts?
In commercial construction, engineering, and infrastructure project management contracts, EPC stands for "Engineering, Procurement, and Construction." This is a prominent project delivery model where a single contractor is legally responsible for executing all phases of a project—from the initial detailed engineering design and sourcing of raw materials or equipment components to the physical construction and final commissioning of the facility. Once completed, the project is handed over to the client in a fully operational state, often referred to as a "turnkey" contract, which minimizes risk, fixes overall costs, and simplifies accountability for project owners.
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