An engineering, procurement and construction (EPC) contractor is a company that provides the design, procurement, and construction of an infrastructure facility. EPC contractors are responsible for the entire project, including materials, labor and equipment.

EPC contractors may be employed by the government or a private entity to design and construct a facility. For example, if a government needs to build a new highway system through its country, it usually will seek bids from EPC contractors. The EPC contractor is responsible for designing the highway as well as acquiring all of the materials and labor needed to build it.

In other cases, an EPC contractor might be used when a private entity is building a major facility such as a power plant. In this scenario, the private entity would select the EPC contractor to perform all of the groundwork involved in building the power plant including planning, designing and constructing it.

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An engineering, procurement, and construction (EPC) contractor is a company that provides turnkey services for large-scale industrial projects. The typical EPC contractor is responsible for everything from the initial proposal to complete design and delivery of a finished project.

EPC contracts are often used when projects involve large amounts of capital investment and there are many stakeholders involved in managing them. In these cases, it is more efficient for one entity to manage all aspects of the project rather than having several entities assume responsibility for different portions of it.
Break down of EPC meaning 

An EPC contractor is a company that provides an engineering, procurement, construction(EPC) service to its clients. In other words, these contractors manage the construction of a project from start to finish. 

In addendum, EPC contractors often work on large-scale infrastructure and industrial projects. They are responsible for nearly every aspect of the project, including planning, engineering, procurement of materials and equipment, hiring subcontractors, budgeting, scheduling, and management.

EPC Contractor is usually a company that offers services to clients in the engineering, procurement, and construction industry. As the name suggests, they provide engineering, procurement, and construction services.

They are specializes in providing engineering, procurement and construction (EPC) services.

Below is the meaning of each term:

ENGINEERING

The engineering phase of a project involves the development of plans and specifications for infrastructure, typically including buildings, roads, bridges and other structures. This phase also includes preparing cost estimates for the project and determining the labor, materials and equipment needed to complete it.

Engineering contractors are firms that offer services such as project planning, engineering design, and technical service provision. They provide expertise in a specific area of technical knowledge or discipline.

PROCUREMENT 

Procurement in this context means obtaining components or raw materials needed to create a finished product. Procurement may involve buying spare parts or raw materials, hiring contractors or subcontractors to complete a specific portion of the project, or commissioning the construction of a building or other structure.

Procurement contractors are firms that procure materials and equipment for their clients' projects. They perform tasks such as tendering for equipment, negotiating prices with vendors, and transportation of materials to the project site.

CONSTRUCTION 

Construction refers to the process of creating something by assembling components or parts according to specifications. In this case, construction means completing the physical part of a project as it was designed during the engineering phase and procuring the necessary goods and services to do so.

Construction contractors are firms that execute the construction of projects on behalf of their clients. They may subcontract segments of their work to other companies or do the work themselves.

In a nutshell, EPC contractors Do the following:

• They prepare the engineering plans and drawings, and they prepare cost estimates that are then used by their client to set a budget for the project.
• They are also responsible for procuring all of the materials needed for the project, starting with raw materials and ending with assembled final products.
• During construction, the EPC contractor coordinates all of these tasks so that the work is done in a safe, timely manner. They are also usually responsible for training workers in proper safety procedures and maintenance of equipment, as well as providing technical support during all phases of construction.

Who makes use of EPC

EPC contractors may be employed by the government or a private entity to design and construct a facility. For example, if a government needs to build a new highway system through its country, it usually will seek bids from EPC contractors.

The EPC contractor is responsible for designing the highway as well as acquiring all of the materials and labor needed to build it.

In other cases, an EPC contractor might be used when a private entity is building a major facility such as a power plant. In this scenario, the private entity would select the EPC contractor to perform all of the groundwork involved in building the power plant including planning, designing and constructing it.

EPC contracts are often used when projects involve large amounts of capital investment and there are many stakeholders involved in managing them. In these cases, it is more efficient for one entity to manage all aspects of the project rather than having several entities assume responsibility for different portions of it.

Roles of EPC contractor 

The EPC contractor has a lot of responsibilities, which can include:

• Project design
• Finding suppliers for specific materials needed for the project
• Bidding on contracts for subcontractors who are involved in completing specific parts of the project
• Coordinating with subcontractors to make sure they have everything they need to do their work on time and within budget.

The contractual term in EPC 

Contractor or contractor is a legal entity that has been given the authority to perform construction work, for example to build a building, road or dam on behalf of the owner of the project.

The contractor is obliged to carry out the construction by carrying out all the procedures and requirements that are required according to the contract.

The contractor is also responsible for carrying out construction activities and is responsible for any problems that may occur during construction.

This is who an epc contractor is.