What is the difference between an EPC contract and EPC contractor?

Date:2023-01-06
An EPC contract is a type of contract that outlines the terms and conditions of a project between the owner of a project and the company hired to develop, engineer, and construct it. It covers all aspects of the job including the cost, timeframe, quality, and safety standards. An EPC contractor is the company that is hired to carry out the engineering, procurement, and construction project. This company is responsible for all phases of the project, including design, pricing, procurement, construction, commissioning, and follow-up.
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