What do you mean by EPC?

Question

Accepted Answer

EPC stands for Engineering, Procurement, and Construction in project management.

EPC is a common type of contract used in the construction industry where the contractor is responsible for all aspects of the project from design to completion.
The contractor is responsible for engineering the project, procuring the necessary materials and equipment, and constructing the project according to the agreed specifications.
EPC contracts are often used in large-scale projects such as power plants, oil refineries, and infrastructure projects.
EPC contracts are preferred by clients as they provide a single point of responsibility for the entire project.
An example of an EPC project is the construction of a new highway where the contractor is responsible for designing the road, procuring the materials, and building the road according to specifications.

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