Which of the following best explains 'contract for design-procure-construct (EPC)'?
A) Contractor designs and provides in accordance with the client's requirements, plant and/or other works.
B) Contractor constructs the project in accordance with the design provided by the client.
C) Contractor delivers project or work turnkey.
D) Contractor completes work at own risk and gets paid long-term payments after delivery.

Question

Which of the following best explains 'contract for design-procure-construct (EPC)'? 
A) Contractor designs and provides in accordance with the client's requirements, plant and/or other works. 
B) Contractor constructs the project in accordance with the design provided by the client. 
C) Contractor delivers project or work turnkey. 
D) Contractor completes work at own risk and gets paid long-term payments after delivery.

Quizplus · Accepted Answer

A contract for design-procure-construct (EPC) refers to a contract in which the contractor is responsible for delivering the entire project or work turnkey. This means that the contractor is responsible for the design, procurement, and construction of the project or work, and delivers it to the client ready for immediate use.

Which of the Following Best Explains 'Contract for Design-Procure-Construct (EPC)