Making the best of EPC

By Mary Anne Roff and Andrea Gardner 2019-10-17T09:10:00

Mary Anne Roff and Andrea Gardner on how to use EPC contracts effectively and avoid the pitfalls

Engineering, procurement and construction (EPC) contracting has been the favoured procurement route for large-scale infrastructure projects. An EPC contract is, in simplistic terms, a risk transfer mechanism. A true EPC contract transfers the risk of design, engineering, construction, commissioning and handover to the contractor.

The project owner should achieve cost and risk certainty and for this reason EPC contracting is highly favoured by lenders providing project finance.

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