Epc full form: What is the full form of EPC

What is the full form of EPC? EPC, which stands for Engineering, Procurement, and Construction, is a type of contract that the private sector uses to carry out construction tasks on substantial infrastructure projects. What is the Full form of EPC ? The full form of EPC is Engineering, Procurement and Construction . In the construction sector, EPC is a popular type of contract. A contractor-client relationship is defined here. It encompasses all the information about the construction project such as project design, material procurement and the labour & equipment needed for the completion. It also involves the time limits for the construction process and the amount payable to the contractor. The full form of EPC is Engineering, Procurement, And Construction which is a form of contract that undertakes the construction works by the private sector on large-scale infrastructure projects. EPC Contracts are comprehensive agreements in which a single contractor takes on full responsibility for the engineering (E), procurement (P), and construction (C) phases of a project. These contracts are typically executed on a turnkey lumpsum basis, meaning the contractor delivers a fully operational facility for a fixed price. A significant level of risk transfer characterizes these agreements, with the contractor assuming most of the financial, technical, and scheduling risks associated ...