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What is the Full form of EPC?
EPC stands for Engineering, Procurement, and Construction. This is a popular contract in the construction sector that defines the contractor-client relationship. It comprises all the information regarding the construction of a project like project design, material procurement, labor, and so on. Aside from this it also states the time required for the completion of the construction process and the amount payable to the contractor.
Few points about EPC
- In order to prevent any misunderstanding and variance with the client’s requirement, the contractor and client need to have an in-depth discussion.
- The costs and budgets should be maintained and the assignment should be completed within the timeline.
- This arrangement is known as an LSTK (Lump Sum Turn Key) Contract.
Some Successful EPC Projects
- Diavik Diamond Project
- Mt. Milligan Copper-Gold Project
- The solar plant built on the roof-top of a Hospital at Indore, MP
List of Indian EPC companies
- Larsen & Toubro Limited
- Gammon India
- Patel Engineering Ltd.
- Era Infra Engineering
- Nagarjuna Construction Company Ltd
- IVRCL
- Sadbhav Engineering Limited
- Hindustan Construction Co. Ltd.