What is an EPC project?

EPC stands for Engineering, Procurement, and Construction. An EPC project is a contract where the contractor is responsible for all activities from design, procurement of materials, construction, to commissioning and handover of the project to the owner or client. This turnkey approach allows the client to deal with a single point of responsibility, reducing risks related to schedule delays and cost overruns. EPC projects are common in industries like oil & gas, power plants, infrastructure, and manufacturing. The contractor typically guarantees project completion within a fixed schedule and budget.