This post describes the event organized by EBRD at its headquarters in London on the 27th of September 2018. The event was about the changes introduced with the new Red and Yellow Books of the 2017 rainbow suite. FIDIC, EBRD’s Clients and Contractors all had the opportunity to express themselves.
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.