Building and Installation: The construction phase involves actual building, installation, and assembly of the project based on the design and engineering plans.

 

Turnkey Solution: EPC contracts often provide a turnkey solution, where the project owner receives a completed project ready for operation at the end of the contract.

 

Quality and Performance Guarantees: The EPC contractor is usually responsible for ensuring the quality and performance of the delivered project according to specified standards.

 

EPC contracts are commonly used in large-scale projects, such as power plants, infrastructure, and renewable energy projects. The EPC contractor takes on the responsibility for delivering a turnkey solution, from the conceptual phase to project completion, offering a comprehensive and streamlined approach to project management.