For Contractors, working on an EPC Contract represents higher risks.
Contractors have to face all the circumstances that occur during the Project execution, with few exceptions, and still achieve the expected outcome or intended purpose.
The Contractor has greater responsibilities but also the right to optimize the Project.
EPC, standing for Engineering – Procurement – Construction, is a widely used term but not always correctly and these three words do not necessarily make us a lot wiser.
The relationship between Employer [or Owner] and Contractor, when an EPC Contract is correctly established, should be in accordance with certain principles listed in this post.