EPC Contract (Engineering, Procurement, and Construction)

An EPC Contract (Engineering, Procurement, and Construction) is an agreement where one company takes responsibility for designing, sourcing materials, and building a project, typically like a power plant or infrastructure. The EPC firm handles all phases from initial planning to construction, delivering a ready-to-use facility to the client. This design-build approach simplifies the process for the client by consolidating responsibilities, providing a single point of contact, and often offering a fixed price and timeline. Essentially, the EPC contractor manages the entire project to ensure it is completed efficiently, on budget, and according to agreed specifications.