Engineering, procurement and construction: how EPC contracts work

Описание к видео Engineering, procurement and construction: how EPC contracts work

When developing construction projects, the actual construction phase represents a significant amount of risk. There are a huge number of interface points, and a huge number of contracts with organisations all relying on different supply chains and expertise. In an attempt to manage this risk, developers can package the risk under a single contract with a single contracting entity. In the UK, this is often labelled as an Engineering, Procurement and Construction, or EPC, contract. But how do they work?

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