What is difficult LSTK or EPC project?

Question

Accepted Answer

Both LSTK and EPC projects have their own challenges.

LSTK (Lump Sum Turnkey) projects involve fixed scope and price, which can be difficult to manage if there are changes or unforeseen circumstances.
EPC (Engineering, Procurement, and Construction) projects involve more flexibility but can be challenging due to the coordination required between multiple parties and the complexity of managing various aspects of the project.
LSTK projects may have stricter timelines and cost constraints, while EPC projects may require extensive coordination with vendors and subcontractors.
LSTK projects may face difficulties in managing scope changes and variations, while EPC projects may face challenges in ensuring timely procurement and delivery of materials and equipment.
Both types of projects require effective project management skills, technical expertise, and strong communication and coordination abilities.

Accepted Answer

An LSTK project requires accurate estimating and planning, as the contractor is responsible for completing the project at a fixed cost and this can be more difficult for clients, as they have less control over project progress and changes, While in EPC project  More challenging for clients, as they need to clearly define project requirements and scope, requiring greater involvement from clients during the project execution phase and may be less difficult for contractors, as they can manage time- and  -Are responsible for completing the project based on materials, with minimal risk of cost overruns.

Accepted Answer

LSTK and EPC both are easy asper their terms and conditions.
If LSTK no need to do the extra work beyond the agreement and the EPC we have to do saper the requirements to be achieved.

Accepted Answer

LSTK will be easy one and EPC is difficult as we have to involve  any agwncies from concept design to execution  of project.