Epc
Single point of contact
With EPC, there is a single point of contact for the entire project, which helps to streamline communication and decision-making. This can help to reduce delays and improve overall project efficiency.
Accountability
The EPC contractor is responsible for the entire project, from design and engineering to procurement and construction. This means that they are accountable for meeting project deadlines, staying within budget, and ensuring that the project meets all specifications.
Cost savings
EPC contractors often have strong relationships with suppliers and can negotiate bulk discounts on materials and equipment. This can help to lower project costs and maximize value for the project owner.
Reduced risk
With an EPC contract, the project owner transfers the risk of the project to the EPC contractor. This means that the contractor is responsible for managing any risks associated with the project, such as design errors or construction delays.
Quality assurance
EPC contractors ensure project compliance with standards and regulations, ensuring high-quality outcomes that meet requirements. This model minimizes risks, enhances efficiency, and maximizes value for project owners and stakeholders.